Global Baby Consumables Market Overview:
Given the growing health concerns about baby development, the global baby food market will experience growth over the forecast period. In the past, babies were fed homemade soft foods, and this practice is still widespread in some underdeveloped and developing regions. Baby drinks contain a fair amount of vitamins, proteins, minerals, and other nutrients. The increasing awareness of baby food among working women and the increasing popularity of ready-to-drink foods around the world are driving demand for baby food. An increase in the infant population and a corresponding increase in the demand for food will drive the growth of the baby food market during the forecast period. In addition, increasing government initiatives to control food and safety should drive demand for baby drinks over the forecast period. The factors such as the increased disposable income of the people, the increased number of online customers, and the increasing number of nuclear families are the driving factors behind the global baby crib market. The fluctuations in raw material prices can hinder the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Awareness Regarding Essential Ingredients in Infant Foods, Rising Demand for Safety and Convenience Products for Babies and The Rapidly Expanding E-Commerce Sector in the Baby Consumables
Market Growth Drivers:
Rising Spending Capability and Changing Lifestyles, Rapid Urbanization and Growing Middle-Class Population across Several Developing Regions and Rising Consumer Awareness Regarding Child Health
Challenges:
High Manufacturing Cost Due To Numerous Quality Checks
Restraints:
Stringent Regulations about Child Safety
Opportunities:
Rising Government Initiatives and Schemes towards Child Health and Technological Advancement in the Manufacturing Process of the Baby Consumables
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing service, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Johnson & Johnson (United States), Kimberly Clark (United States), Procter & Gamble (United States), Unilever plc (United Kingdom), Aditya Birla Group (India), Amul (India), Brevi (United States), Chicco (Italy), Combi (Japan), Dabur (India), Dorel Industries (Canada), Emami (India), Fisher-Price (United States), Hasbro (United States), Himalaya Drug Company (India), Infantino LLC (United States), Krauter Healthcare (India), Kiwi Co. Inc. (United States), Marico (India), Mothercare (United Kingdom) and Nestle (Switzerland). Additionally, following companies can also be profiled that are part of our coverage like Newell Brands (United States), Peg Perego (United States), Pristine Organics Pvt. Ltd. (United States), Wipro (India) and Wockhardt (India). Analyst at AMA Research see United States Vendors to retain maximum share of Global Baby Consumables market by 2028. Considering Market by Category, the sub-segment i.e. Premium will boost the Baby Consumables market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Baby Consumables market. Considering Market by Age Group, the sub-segment i.e. 0-3 Months will boost the Baby Consumables market.
Latest Market Insights:
In September 2023, Koninklijke Philips N.V., a global leader in health technology, has acquired Avent, a leading provider of baby feeding and care products. The acquisition will strengthen Philips' position in the mother and child care market.
In October 2023, Newell Brands Inc., a global consumer goods company, has acquired Goody, a leading provider of hair care accessories. The acquisition will expand Newell Brands' portfolio of personal care products and strengthen its presence in the baby care space.
"According to FSSAI Foods for Infant Nutrition, the requirements should be followed by manufacturers of food for infant nutrition to get approval from the FSSAI. For baby complimentary food requirement is give as no person shall manufacture, sell, store, or exhibit for sale infant milk food, infant formula and milk cereal-based complementary food, processed cereal-based complimentary food, and follow-up formula, except under the Bureau of Indian Standards (BIS) certification mark."
What Can be Explored with the Baby Consumables Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Baby Consumables Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Baby Consumables
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Baby Consumables market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Baby Consumables market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Baby Consumables, Suppliers and Distributors of Baby Consumables, New Entrants/Investors, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.