Mexico Baby care products market was valued at US$ 4,709.252 million in 2018 and is projected to grow at a CAGR of 4.97% during the forecast period. The baby food held a major share in the baby care products market in 2018. The growth is attributed to the fact that an increasing number of working women are replacing breast milk with milk formulation and are purchasing prepared and dried baby food in order to save time. This coupled with booming e-commerce market and rising disposable income is leading to increased sales of baby care products that includes baby food, baby diaper, prams, strollers and others.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Mexico Baby Care Products value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the Mexico Baby Care Products market.
Some of the key players include Procter & Gamble, Nestle, Pigeon Corporation, Baby Jogger, UPPAbaby, Unilever, and Kimberly-Clark.
The Mexico baby care products market has been analyzed through the following segments:
Diaper and Wipes
Skin and Hair Care
Safety and Convenience
Prams and Strollers
By Distribution Channel