Increasing disposable income, high birth rate and rising awareness to drive India baby care products market
According to a recently released TechSci Research report, “India Baby Care Products Market By Product, By Distribution, By Age, By Region, Competition, Forecast & Opportunities, 2025”, the baby care products market in India is projected to grow at a CAGR of more than 15% during 2020-2025 on account of increasing number of working women, rising disposable income, increasing birth rate and a growing number of consumers becoming more aware about the benefits of using baby care products. Moreover, rising urbanization and fewer children per household are few other factors that are expected to positively influence the country’s baby care products market during the forecast period.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on “India Baby Care Products Market”
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Based on distribution channel segmentation, the baby care products market in India is categorized into Store-Based Retail and Non Store-Based Retail. Store-Based Retail accounted for the majority share in India baby care products market in 2019, and this trend is expected to continue during the forecast period. However, the Non Store-Based Retail segment is expected to witness faster growth until 2025, result in marginal decline in the market share of Store-Based Retail segment over the next five years. The country’s baby care products market is further segmented, on the basis of product segments, into Toiletries, Personal Care, Food & Beverages and Others. Toiletries segment holds the largest share in the market, followed by the Personal Care segment.
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Top companies operating in India baby care products market include Johnson & Johnson Private Limited, Procter & Gamble Home Products Private Limited, Unicharm India Private Limited, Nestle India Ltd , The Himalaya Drug Company, Nutricia International Pvt Limited, Me & Moms Private Limited, Rhea Retail Pvt Ltd, Artsana India Private Limited, and Mead Johnson Nutrition (India). “India baby care products market is anticipated to grow at a robust pace due to growing popularity of baby care products on account of rising consumer awareness and concerns towards baby care, increasing number working women and high-end product quality. Middle and upper middle income consumer segment in urban areas continues to be the target consumer segment of the leading players operating in India baby care products market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Baby Care Products Market By Product, By Distribution, By Age, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India baby care products market and provides statistics and information on market structure, consumer behaviour and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in India baby care products market.
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