Knowledge Sourcing Intelligence announces the publication of a new report on “Global Baby Apparel Market - Forecasts from 2020 to 2025” to their offering.
Disposable income, increasing share of working women in the global population, increasing urbanization, population growth, high internet penetration facilitating eCommerce, manufactures and retail chain partnerships among others are expected to effectuate the market growth.
As per the report, the market pertaining to the global baby apparel market is expected to reach U$267.730 billion by 2025, from U$224.595 billion in 2019
At the outset, it is contextually pertinent to highlight a development related to the online distribution channel which has been instrumental in facilitating the growth of the global baby apparel market. For instance, March 2018 had among others, marked the operationalization of Online Baby Clothing Store by Amazon Fashion featuring brands like 612 League, GAP, Gini and Jony, Mothercare, and United Colours Of Benetton. It is essentially the fashion marketplace intended for babies and a part of Amazon India. This strategic investment is an attestation of the growing consumer base of baby apparels in one of the fastest-growing major economies in the world with a population of 1.38 billion, out of which 65 % is below 35 years of age and 50 % is below 25 years of age and is expected to be one of the world’s top three economic powers over the next 10-15 years, supported by its strong institutions and strategic partnerships. Developments in the retail automation market which has been a result of the need for best utilization of time and money by retail giants, expediting consumers order at the earliest and, minimize operational costs, among others ultimately gaining a competitive advantage in the market is expected to facilitate in the increase of the share of online distribution channel of the global baby apparel market thus contributing to the growth of the latter. To this end, it is important to note that the Retail Automation Market has been forecasted by Knowledge Source Intelligence to grow at a CAGR of 12.36% from 2019 to 2025. On the other hand, concerns regarding the kind of material used for packaging whose importance is acknowledged for the important role it plays to safeguard bay apparels for harmful pollutants, growing R&D investments, inclination to avail the premium baby care products have also resulted in the growth of baby care packaging market which is expected to complement the growth of the global baby apparel market. To this end, it is important to note that Baby Care Packaging Market has been forecasted by Knowledge Source Intelligence to grow at a CAGR of 4.68% attaining a market size of USD15.327 billion by the year 2025 from USD11.646 billion for the year 2019.
On the other hand, the market for baby apparel is expected to grow during the forecast period also due to the high demand for products by companies of global reputed by new parents. This is made possible by the capacity of these companies to carry out high investments in product innovation and development and invest in fierce marketing campaigns which comprise making attractive discounts available to woo in a greater number of consumers thereby effectuating higher market share. Also, the growing proclivities of parents to dress their bundles of joy in the most infant friendly, safe and styles that resonate the fashion megatrends as well as equipping them with the advantage so that they make their babies partake in baby fashion shows which has been occurring at a rapid pace around the world. Besides, from the regional perspective, the Asian continent which represents more than 50% of the global population is poised the occupy substantial space in the baby apparel market during the forecast period. Also, as per the estimates of the United Nations, Southern and Central Asia represent approximately 25% of the population of the entire world and between 2019 and 2050 it is forecasted to contribute 505 million people. Further, the year 2019 registered South-Eastern and Eastern Asia as the two of the most inhabited regions constituting 2.3 billion people which reportedly represented 30 % of the world population.
As a part of the report, the major players operating in the global baby apparel market, which have been covered are VF Outdoor, LLC, Tootsa MacGinty Ltd, The Gap, Inc., Target Brands, Inc., Mothercare Plc, MILKBARN, H & M Hennes & Mauritz AB GBC, Gerber Childrenswear, Columbia Sportswear Company and Carter’s Inc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-baby-apparel-market
This report segmented the global baby apparel market on the basis following terms