US infant care & baby equipment: 32.1% market share in 2023, boosted by eco-friendly, smart home, & construction trends
NEWARK, DELAWARE, UNITED STATES OF AMERICA, September 26, 2023 /EINPresswire.com/ — The infant care and baby care equipment market is expected to reach an astounding value of US$ 2,557.7 million in 2023. This accomplishment demonstrates the industry’s significant involvement in meeting the requirements of babies and young children. The market will probably surpass a valuation of US$ 4,448.0 million by 2033. This growth is an anticipated CAGR of 5.7% during the projection period, thus it is not understated.
The infant care and baby care equipment is a dynamic and rapidly evolving sector within the broader childcare industry. As the global population continues to grow, so does the demand for high-quality and innovative products designed to support the well-being and development of infants and babies. This market encompasses a wide range of products, from essential items like baby cribs, strollers, and car seats to advanced technological devices such as baby monitors and smart thermometers.
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One of the key drivers of growth in this market is the increasing awareness among parents and caregivers about the importance of providing a safe and nurturing environment for infants. This awareness has led to a growing emphasis on product safety standards and regulations, prompting manufacturers to invest heavily in research and development to meet these stringent requirements. Additionally, the desire for convenience and efficiency has driven the development of smart baby care equipment that can be controlled through smartphone apps, providing parents with real-time information and control over their baby’s well-being.
The global infant care and baby care equipment market is also influenced by evolving lifestyle trends. Urbanization, dual-income households, and changing family structures have led to a greater reliance on baby care equipment to simplify daily tasks and ensure the comfort of infants and babies. As a result, there is a surge in demand for products that offer multifunctionality and adaptability to cater to diverse family needs.
In recent years, sustainability has emerged as a significant trend within the market, with eco-conscious parents seeking environmentally friendly and non-toxic baby care equipment. This has led to innovations in materials, manufacturing processes, and product design to reduce the ecological footprint of these products.
Key Takeaways from the “Infant Care and Baby Care Equipment Market by 2023 to 2033” report by Future Market Insights:
The global infant care and baby care equipment market is expected to grow from US$ 2,557.7 million in 2023 to US$ 4,448.0 million by 2033, at a CAGR of 5.7%.
The market is driven by factors such as increasing birth rate, rising disposable incomes, and growing awareness about the importance of infant care.
The Asia Pacific region is expected to be the fastest-growing market, due to factors such as increasing urbanization and rising birth rates.
The key segments of the market are baby feeding equipment, baby bathing and changing equipment, baby safety equipment, and baby travel equipment.
The baby feeding equipment segment is expected to account for the largest share of the market during the forecast period.
The online distribution channel is expected to grow at the fastest pace during the forecast period.
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By Prominent Market Players:
Becton, Dickinson and Company
Infant Care and Baby Care Equipment Market: Segmentation
By Equipment Type:
Baby Skin Care
Baby Toiletries/Hair Care
By Distribution Channel:
Hypermarket & Supermarket
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Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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