LONDON--(BUSINESS WIRE)--The global baby toiletries market size is poised to reach USD 5.55 billion by 2023, according to a new report by Technavio, progressing at a CAGR of over 5% during the forecast period.
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The market is driven by the increasing customer awareness about baby health and hygiene. In addition, product portfolio extension and innovation leading to product premiumization is anticipated to further boost the baby toiletries market during the forecast period.
There is an increase in awareness among parents regarding health and hygiene of babies due to the recommendations by medical practitioners on social media and other promotional channels. In addition, rapid urbanization, has led to an increase in pollution and pollutants, resulting in a wide array of diseases. Therefore, parents are more concerned about hygiene and are ready to pay premium prices for baby products. The introduction of organic and natural baby products, such as toiletries, is also fueling the value sales of the market.
Furthermore, with the increase in competition and customer demand for innovative products, vendors are increasingly focusing on improving their R&D operations. Hence, they are increasingly investing in innovating ingredients and technologies. Moreover, customers usually opt for baby toiletries that can address concerns pertaining to multiple issues in minimal time. To meet those customer needs, vendors are innovating and expanding their product lines, which further leads to product premiumization. Therefore, higher product premiumization and product line extension, coupled with growing customer expenditure on baby products, including toiletries, will strengthen the value sales in the global baby toiletry market.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Beiersdorf AG
- Johnson & Johnson Services Inc.
- Kimberly-Clark Corp.
- The Procter & Gamble Co.
- Unilever Group
Market Segmentation by Category and Product Types:
The Baby Toiletries Market can be broadly categorized into the following distribution channels:
Key Regions for the Baby Toiletries Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
Market segmentation analysis
- Market definition
Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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Fruit Tea Market – Global Fruit Tea Market by type (conventional fruit tea and organic fruit tea) and geography (APAC, Europe, MEA, North America, and South America).
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