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Description
Baby Products Market size was valued at USD 13.6 billion in 2021 and is expected to reach USD 20.0 billion by 2028, at a CAGR of 5.6% during the forecast period 2022 to 2028. Growing industrial development coupled with rising middle-class populace across a number of emerging provinces are fueling the market growth. Changes in the lifestyle of consumers, predominantly in emerging economies, has fortified the acceptance of convenience-oriented routine, creating a demand for such products, which further propels industry growth in the near future. Furthermore, increasing awareness of customers about health of child is up surging the deals with these products, thus supplementing the growth of market. However, lack of penetration of these products in developing nations dampens the growth of market. The baby food is expected to be the second leading segment. Variety of baby foods are available such as frozen foods, snacks, and cereals, milk products, juices, which provides basic nutrition to the baby is likely to drive the growth of market during the forecast period. Key players in global Baby Products market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance, March 27, 2019- Saudi Aramco announced the signing of a share purchase agreement to acquire majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia. The report studies global baby products market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global Baby Products market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global baby products market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
