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The Global Baby Fashion Accessories Market Was Valued At USD 5.857 Billion In 2022 And Is Expected To Reach USD 8.759 Billion By 2030, At A CAGR Of 6.43% During The Forecast Period.
Baby Fashion Accessories Market Overview:
For years, baby fashion was considered a cultural and social practice for every parent to portray differences in affluence, social class, race or gender. Hence, this has led to an increase in consumer demand for baby fashion accessories. Appropriate clothing and accessories represent a social distinction between people. Previously baby fashion was considered a distinguishing feature of social class. Changing consumer lifestyles and rising per capita income are driving the growth of the global baby fashion accessories market. Baby fashion was exploited by the wealthy class as a display of power wealth and abundance. Thus, product innovations aimed at developing new products based on manufacturers' consumer preferences have achieved critical success over the years. Rising number of women working for the population in developed regions such as Europe and North America is triggering the growth of the global baby fashion accessories market. The increase in day care facilities such as nurseries has led to increasing societal pressure to dress and behave properly.
Baby Fashion Accessories market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 200, with 2022 being considered as the base year. This report segments the global Baby Fashion Accessories market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
Major Segments Covered in the Global Baby Fashion Accessories Market:
Market Key Players:
M&Co, Burberry Group Plc, Carter’s, Inc., The Walt Disney Company, Esprit Global Image, Gerber Childrenswear, H&M Group, Kidiliz Group, Mamas & Papas, Mothercare plc, Nike, Inc., RALPH LAUREN, The Children's Place, Inc., The Gap, Inc., ZARA, And Others.
Baby Fashion Accessories Market by Types:
Baby Fashion Accessories Market by Applications:
Baby Fashion Accessories Market by Regions:
The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 200.
The Asia Pacific region is expected to grow at a CAGR of 6.7% from 2022 to 200. The market in this region is mainly driven by the number of working mothers and rising birth rate in developing countries including India and China. According to EPRA International Journal of Economic and Business Review, female labor force participation has increased by 4.1% over the past 0 years, which in turn has fueled the development of various baby-related products such as baby food, baby cosmetics and toiletries, And baby safety and convenience. In addition, the increase in disposable income has stimulated the spending power of consumers, thereby boosting product demand.
North America is projected to grow at a CAGR of 4.6% from 2022 to 200. Consumers in countries such as the US and Canada are willing to pay a high price for the life and health of their babies. Technological advancements, working parents, government initiatives for baby safety, and early adoption of advanced products have been boosting the growth of the North American market. According to a TABS industry report, penetration of baby products has increased among consumers earning more than $150,000. Moreover, the presence of established manufacturers in the region such as Johnson & Johnson Services, Johnson & Johnson Co., Ltd., and Kimberly-Clark Corporation has positively impacted the market growth.
Significant Market Dynamics:
Market Dynamics:
The baby fashion accessories market has changed significantly over the past few years. The changing dynamics of the baby fashion industry force retailers to offer flexibility in designing and improving quality. Manufacturers are adopting strategies such as product innovations, mergers and acquisitions, and partnerships to maintain their position in the increasingly demanding market. For example, India-based online baby fashion accessories provider FirstCry acquired Mahindra Retail Pvt.'s franchise arm, BabyOye. Ltd. to expand its brand portfolio and attract customers.
Potential shifts in the economic cycle in the wake of the COVID-19 pandemic are expected to heighten concerns among market players over the forecast period. Therefore, with the long-term growth and rising costs of the baby fashion accessories market, the strategic focus of industry players may shift towards improving productivity and quality.
The baby fashion accessories market is changing rapidly. It may vary from country to country, depending on a variety of factors including culture, age, climate and geography. Fashion accessories can be divided into two categories, including accessories worn and accessories carried. The market research includes two types of accessories.
The major challenge facing the baby fashion accessories market is the limited lifespan as babies tend to outgrow quickly. Lack of long-term use compels market players to create economical garments. However, this does not change the fact that the baby fashion accessories market is one of the growth markets, with huge room for growth in the next few years due to the growing popularity of fast fashion.
Report Scope of Global Baby Fashion Accessories Market:
Report Attributes |
Details |
Growth Rate |
CAGR of 6.43% from 2022 to 200. |
By Type |
Baby Clothing Accessories, Baby Hosiery, Baby Winter Wear, Baby Jewelry, Baby Hair Accessories, Baby Glasses, Baby Bags |
By Application |
Baby Girls, Baby Boys |
By Companies |
M&Co, Burberry Group Plc, Carter’s, Inc., The Walt Disney Company, Esprit Global Image, Gerber Childrenswear, H&M Group, Kidiliz Group, Mamas & Papas, Mothercare plc, Nike, Inc., RALPH LAUREN, The Children's Place, Inc., The Gap, Inc., ZARA, And Others. |
Regions and Countries Covered |
|
Base Year |
2022 |
Historical Year |
2017 to 2022 |
Forecast Year |
202 to 200 |
Points Covered in the Report
Frequently Asked Questions-
What is the CAGR of Baby Fashion Accessories market?
The Baby Fashion Accessories Market is growing at a CAGR of 6.43% During Forecast Period.
What are the key types and applications of Baby Fashion Accessories market?
- Baby Clothing Accessories, Baby Hosiery, Baby Winter Wear, Baby Jewelry, Baby Hair Accessories, Baby Glasses, Baby Bags
- Baby Girls, Baby Boys
Who are the key players in Baby Fashion Accessories market?
M&Co, Burberry Group Plc, Carter’s, Inc., The Walt Disney Company, Esprit Global Image, Gerber Childrenswear, H&M Group, Kidiliz Group, Mamas & Papas, Mothercare plc, Nike, Inc., RALPH LAUREN, The Children's Place, Inc., The Gap, Inc., ZARA, And Others.
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