Baby Apparel Market: Demand Growth and Latest Research Report |
Posted: April 8, 2024 |
The global baby apparel market was valued at USD 64.64 billion in 2023. The market is projected to grow to USD 95.22 billion by 2030, exhibiting a CAGR of 5.69% during the forecast period. The children's wear industry has been significantly influenced by the growing impact of social media and evolving fashion trends. An example of this is the introduction of Gerber Modern Moments baby apparel by Gerber Childrenswear LLC in March 2020. This clothing line, made from organic cotton, was developed in response to the rising demand for environment-friendly garments. Fortune Business Insights presents this information in their report titled "Global Baby Apparel Market, 2024–2030." Information Source: https://www.fortunebusinessinsights.com/baby-apparel-market-102106 Top Key Players Covered in the Baby Apparel Market:
Segments: Bodysuits Garner Substantial Market Share due to the Convenience Offered Based on type, the market is divided into bottom wear, top wear, and others. Top wear is further segmented into bodysuits, tops/shirts, and others. Bodysuits segment is anticipated to capture a substantial market share for offering parents a convenient solution for diaper coverage and effortless access to diaper changes. Preference for Cotton Clothes leads to Segmental Growth Based on material, the market is divided into cotton, wool, and others. The dominance of the cotton segment is attributed to its inherent softness, which is highly favored for children's wear. Increasing Newborn Boys to Lead to the Boys Segment Dominance Geographically, the market is studied across North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Report Coverage: The report offers:
Drivers & Restraints: Positive Impact of Assisted Reproductive Techniques to Drive Market Growth Assisted reproductive techniques, such as in-vitro fertilization and surrogacy, have played a crucial role in addressing parental infertility concerns, resulting in an increase in the number of newborns. This, in turn, has increased the baby apparel market share. Furthermore, infants up to the age of 24 months tend to outgrow their clothing sizes quickly, leading to frequent purchases of new clothes. On the contrary, renting, leasing, and re-commerce practices may impede the baby apparel market growth. Regional Insights Asia Pacific Leads the Market due to Presence of High Population Asia Pacific holds 38.64% of the global revenue in the baby apparel industry. China is anticipated to lead the market due to cancellation of the single child policy. The growth of the market in Europe is fueled by rising demand for full-body nightwear and winter wear, attributed to the cold climatic conditions experienced during the winter season. Competitive Landscape Market Leaders Focus on Acquisitions and Mergers to Exceed Reach Key Industry Development:
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