E-Commerce Toys and Baby Products Market to Grow at a CAGR of 8.1% by 2028 Driven by Resurgence in Conventional Toys and Increased Parental Interest in Green Toys | million ideas

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According to a new report available with Million Insights, the Global E-Commerce Toys and Baby Products Industry Report provides a detailed assessment of the industry highlighting information on different aspects including drivers, restraints , growth opportunities and threats.

The Global E-Commerce Toys and Baby Products Market the size is expected to reach $375.7 billion by 2028, according to a new report from Million Insights. It is expected to grow at a CAGR of 8.1% from 2021 to 2028. The growth of the market can be attributed to the growing demand for baby care products from both developed and emerging economies. The industry is experiencing an escalation due to a variety of causes, including the resurgence of conventional toys, increased parental interest in green toys, and growing awareness of the intellectual benefits of building toys. Moreover, manufacturers of these products are dynamically changing their product offerings by retailing products through e-commerce platforms, such as eBay, Walmart Online, and Amazon, coupled with the introduction of online stores.

Additionally, online platforms are being developed as a cost-effective and viable alternative to physical sales and marketing, which is positively contributing to the growth of the market. Changing lifestyles and increasing per capita income in emerging countries are leading to an increase in demand for these baby items on e-commerce platforms. Additionally, pioneering toys and activities have become the newest way to pass the time as children spend more time indoors at home. All these factors are expected to drive the market in the coming years.

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US e-commerce toys and baby products market size, by type, 2018-2028 (USD billion)

The stroller type segment is expected to witness a decent growth over the forecast period. This growth is attributed to the cumulative demand for these products in developed countries such as the UK and the US. Also, the strict government regulations on the safety standards of these strollers have gained notoriety among customers. Europe is expected to experience lucrative growth over the forecast period. The reduced prices of these baby products on e-commerce platforms encourage buyers to favor them over in-store purchases in this region. Sales of the toys and baby products segment further contribute to this market growth in Europe.

Global e-commerce toys and baby products market share, by type, 2020 (%)

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https://www.millioninsights.com/snapshots/e-commerce-toys-baby-products-market-report

E-Commerce Toys and Baby Products Market Report Highlights:

• North America is expected to grow at the fastest CAGR of 8.8% from 2021 to 2028 due to growing demand for strollers and car seats from developed countries such as the United States

• Toys and infant products type segment held the largest revenue share of more than 90.0% in 2020 due to growing demand for these products in developing regions

• Asia-Pacific led the market with a revenue share of more than 45.0% in 2020 owing to the growing demand for baby products owing to the growing awareness of child hygiene in this region

E-commerce toys and baby products market segmentation

Million Insights has segmented the global e-commerce toys and baby products market based on type and region:

E-Commerce Toys and Baby Products Type Outlook (Revenue, USD Million, 2017 – 2028)

  • Toys and baby products
  • car seats
  • Strollers
  • Baby furniture

Toys & Baby Products E-Commerce Regional Outlook (Revenue, USD Million, 2017 – 2028)

  • North America
  • Europe
  • Asia Pacific
  • Central and South America
  • Middle East and Africa

List of E-commerce Toys and Baby Products Market Key Players

  • Walmart, Inc.
  • Amazon, Inc.
  • JD.com
  • Ali Baba
  • ebay.com
  • Flipkart
  • Shopify

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