Baby Products Market: By Product Type (Cosmetics, Baby Food, Baby Safety & Convenience) and By Geography        

Baby Products Market size was valued at USD 13.6 billion in 2022 and is expected to reach USD 20.0 billion by 2029, at a CAGR of 5.6% from 2023 to 2029. 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.

Baby Products Market Key Developments:

• 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.