Breaking News

Oh Baby! Baby Care Market To Hit $66.8 Billion by 2017

February 1, 2013

According to a new market report published by Transparency Market Research, the global baby care product market will rise from $44.7 billion in 2011 to $47.7 billion in 2012. The Albany, NY-based firm projects the category will rise to $66.8 billion in 2017, growing at a CAGR of 7.0% from 2012 to 2017.

According to Transparency Market Research, growth is largely fueled by the growing baby population in developing nations, where the disposable income of parents has also increased considerably at the same time. Moreover, the average age of parents across the globe has also increased in past few years. Older parents are considered to be financially more stable and hence have more money to spend on baby care and convenience. In addition, a growing number of women entering into the mainstream workforce has helped the baby care market to grow, as the average disposable income of the family has grown.

In addition, there’s growing demand for baby specific products, especially baby cosmetics. Baby skin care and toiletries command ever-larger market share and have a bright future, said the firm. Currently, demand for baby hair care is small, but it is expected to post healthy growth in the near future, noted the firm.

More info: www.transparencymarketresearch.com
blog comments powered by Disqus
  • Kitchen Counter Cosmetics

    Kitchen Counter Cosmetics

    Christine Esposito, Associate Editor||May 2, 2016
    LOLI box marks the convergence of natural and organic ingredients, subscription service and DIY cosmetic chemistry.

  • What’s New at La Prairie?

    What’s New at La Prairie?

    Melissa Meisel, Associate Editor||April 25, 2016
    VP of marketing shares the latest buzz with Happi.

  • Mapping Out Multicultural Beauty

    Mapping Out Multicultural Beauty

    April 25, 2016
    Agnieszka Saintemarie of Kline Group about current trends and challenges in multicultural beauty.

  • Erasing the Signs of Aging

    Pauline Rouaud-Tinguely, David Boudier, Sylvain Mazalrey, Jenny Laumonier, Isabelle Cruz, Gu00e9raldine Bon, Karine Perrinet, Bu00e9ranger Tassy, Brigitte Closs, Silab R&D, Saint-Viance, France||May 2, 2016
    Silab researchers explain how by acting on the endogenous hyaluronic acid pathway.

  • I Want It All

    I Want It All

    Melissa Meisel , Associate Editor||May 2, 2016
    Skin care moves beyond the basics with pampering formulations with unique components and novel functions.

  • Wacker Builds on Its Success

    Wacker Builds on Its Success

    Tom Branna, Editorial Director ||May 2, 2016
    The silicone maker had a good 2015 and expects the gains to continue in 2016, driven, in part, by success in the Americas and