Baby Care Market will post a CAGR of over 15% during 2015-2022.
During 2015, Indian baby care market has shown tremendous growth backed by growing awareness of standardized baby care products, surging disposable income due to rising working population, along with growing number of nuclear families.
The size of baby care market in India has augmented at a rapid pace since last few years. Despite being within the clutches of economic turmoil, baby care market in India had witnessed substantial growth over the last few years. During 2015, Indian baby care market has shown tremendous growth backed by growing awareness of standardized baby care products, surging disposable income due to rising working population, along with growing number of nuclear families.
Numerous players in baby care segment have been able to tap the significant potential in the smaller markets and towns, apart from their urban potential. Many international players have forayed in Indian baby care market through joint ventures, with the purpose to reduce the cost of manufacturing. Continuous investments to enhance their product diversification have been an added advantage for the market players.
Moreover, technological advancements and emergence of online platform among the parents to shop online has further intensified the boom in baby care products. New product launches and innovations in the baby care product portfolio by Indian companies have further supported the high growth prospect in the baby care segment.
High birth rates witnessed by India since decades in contrast to other developed nations, and vast population base falling within 0-4 years of age coupled with paradigm shift in the consumer behaviour have been the participatory factors behind maintaining the consistent growth momentum of baby care market.
Key Topics Covered:
1. Analyst View
2. Research Methodology
3. India - Macroeconomic Overview
4. Baby Care Market Performance to 2022
5. Distribution Channel
6. Industry Trends & Drivers
7. Industry Restraints
8. Competitors Analysis
- Himalaya Drug Company
- Johnson & Johnson
- Procter & Gamble
- Rama Vision Limited
For more information visit http://www.researchandmarkets.com/research/xfr47x/indian_baby_care