Published Date: 5-Feb-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Baby Apparel Market, published by KBV research, The Global Baby Apparel Market size is expected to reach $207.1 billion by 2026, rising at a market growth of 8.8% CAGR during the forecast period.
The Outerwear market dominated the Global Baby Apparel Market by Product in 2019. Underwear baby apparel is likely to show significant growth over the forecast period. With the increasing concern of the parents about the adverse effects on the baby’s health owing to the harmful chemicals used in clothes. As these clothes may cause skin irritation and various other types of health and hygienic problems such as rashes. Therefore, the parents are ready to spend more on those underwear variants that give protection against bacteria and virus.
The offline distribution channel led the global baby apparel market in 2019 and had a significant share of the global revenue. Key retailers including Carter's, Inc.; Hennes & Mauritz AB; Cotton On Group; Gerber Childrenswear LLC; and Naartjie are focused to increase the penetration of retail stores so as to fulfill the increasing demand for baby apparel. The Online distribution channel segment would showcase promising growth during the forecast period.
North America led the global market with a considerable revenue share in 2019. The region is likely to maintain its lead in the coming years due to increased awareness among the U.S.-based working-class parents about providing hygiene and safety to their babies. The Asia Pacific is anticipated to expand at the fast CAGR over the forecast period. Asian countries such as India and China had the major share because the birth rate in these countries is high as compared to other countries due to improved childcare facilities in both rural and urban areas. This trend is likely to play an important role in increasing the scope for baby apparel products.
Full Report: https://www.kbvresearch.com/baby-apparel-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nike, Inc., Hennes & Mauritz AB (H&M) (Alshaya Group), Hanesbrands, Inc., Ralph Lauren Corporation, Carter’s, Inc., The Children’s Place, Inc., Industria de Diseno Textil, S.A. (Inditex S.A.), Truworths Ltd., Cotton On Group Services Pty. Ltd., and Burberry Group PLC.
By Distribution Channel
Unique Offerings from KBV Research