Global baby products market to reach $ 15.6 billion by 2026

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FACTS AT A GLANCE
Editing: 15; Posted: March 2021
Management commitments: 31154
Companies: 305– Actors covered include Abbott Laboratories; Beiersdorf SA; Dabur International Ltd .; Danone SA; Johnson & Johnson Services, Inc .; Kimberly-Clark Corporation; Nestlé SA; Procter & Gamble Company; Unilever plc; Weleda AG and others.
Blanket: All major geographies and key segments
Segments: Product (baby cosmetics and toiletries, baby food, baby safety and convenience); Distribution channel (hypermarkets / supermarkets, mini markets, online platform, other distribution channels)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.

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ABSTRACT-

Global Baby Products Market To Reach $ 15.6 billion by 2026
Amid COVID-19 crisis, global baby products market is estimated at US $ 11.7 billion in 2020, is expected to reach a revised size of US $ 15.6 billion by 2026, with a CAGR of 5.1% over the analysis period. Baby Cosmetic & Toiletries, one of the segments analyzed in the report, is expected to register a CAGR of 5.6% and reach 8.5 billion US dollars at the end of the analysis period. The growing awareness of hygiene and hygiene products leads to an increased demand for cosmetics and toiletries for babies. Baby toiletries make up over 12% of all baby care products and are currently growing faster, due to the growing attention to baby hygiene and the growing problems associated with the practices. unhygienic. The baby cosmetics and toiletries market includes a wide range of products, including baby skin care products, bath products, baby hair care products and other cosmetic and beauty products. toilet. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the baby food segment is readjusted to a revised CAGR of 4.8% for the next 7 year period.

The US market is estimated at $ 1.7 billion in 2021, when China is expected to reach $ 4.8 billion by 2026
The market for baby products in the United States is estimated at 1.7 billion US dollars in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 4.8 billion US dollars by 2026, with a CAGR of 6.2% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 2.8% and 4% respectively over the period of analysis. In Europe, Germany is expected to grow by about 3.2% CAGR. The main trends prevailing in the global market include the growing demand in the organic baby food segment and the emergence of many online stores as important distribution channels. The demand for infant formula is driven by the health and wellness trend across the world. Growing concerns about possible exposure to toxins and chemicals while consuming non-organic prepared baby food products is a major factor attributed to the increase in organic baby food products. This trend in infant formula is more marked in countries such as Canada, Western Europe, and the United States

Baby safety and convenience segment to reach $ 2.7 billion by 2026
Baby Safety and Convenience segment includes products such as smart baby monitor, baby safe fabric protector, electronic stroller, high chairs, smart car seat insert, booster seat , the folding baby travel potty, among others. Continuous innovation remains crucial for the growth of this market. United States, Canada, Japan, China and Europe will lead to the estimated 4% CAGR for this segment. These regional markets representing a combined market size of US $ 1.3 billion in 2020 will reach a projected size of 1.7 billion US dollars before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 705.4 million by 2026, while Latin America will increase at a CAGR of 4.4% throughout the analysis period. Following

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