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
  • Skin of Color Society Connects Experts

    Skin of Color Society Connects Experts

    Melissa Meisel, Associate Editor||January 16, 2017
    Dermatologists from across the nation share information and ideas.

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • Hitting the Right Notes

    Hitting the Right Notes

    January 6, 2017
    Agilex Fragrances is the leader in the middle market fragrance category.

  • The Smell of Clean in 2017

    The Smell of Clean in 2017

    January 6, 2017
    Changing consumer lifestyles and demographics are impacting the scents found in the household cleaning category.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017