Baby Wipes Market– Statistics And Analysis & Forecast To 2027Posted by Mrudula Anil Karmarkar on April 12th, 2021 The global baby wipes market size is anticipated to reach USD 6.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% from 2020 to 2027. An increasing number of working women, rising prevalence of e-commerce retailers, and growing concerns among parents related to baby’s skincare and nourishment are among the prominent factors expected to drive the market. Millennial parents have become more conscious about the product they purchase for their children and do not mind paying higher prices for baby wipes, thus fueling the growth of the market. Infant’s skin lacks the maturity of adult skin and requires more caring, especially the skin near the diaper area requires constant cleaning, which makes baby wipes their preferred choice to get rid of irritating effects of urine. In addition, improved functionality of baby wipes, including anti-septic and hypoallergenic properties, is another factor boosting the market growth. According to the National Retail Federation U.S. report 2018, millennials are parents to 50% of children in the U.S., and hence are making a significant contribution to spending on baby care products related to raising their children. Millennial parents differ from other parents both in their lifestyle and shopping choices. With the availability of easy internet, these parents turn to their smartphones at every point during shopping to consciously examine the product details. According to the aforementioned study, close to 78% of parents use their phones to research about all baby care products before purchasing. The dry wipes segment led the market and accounted for 60.3% share of the global revenue in 2020. Manufacturers of the baby wipes have been offering products with natural ingredients to pique the interest of the informed parent. For instance, Nest Designs, a U.S.-based company, offers organic dry baby wipes made from biodegradable organic cotton, aloe, and camellia sinensis leaf extract, which help in nourishing infant skin and keep it refreshing. Baby Wipes Market Report Highlights
By distribution channel, hypermarket and supermarket dominated the market and accounted for 44.7% share of global revenue in 2020. A wide product range, offers, and discounts attracting a larger number of consumers are the key strategies opted by such channels to increase revenue and footfall in any store. Apart from that, in-store comparison between different products of different brands guided by specialized staff is the physical or in-store experience that consumers prefer, thus helping in making a more effective purchase. Covid-19 pandemic has affected the sales of baby wipes positively as baby wipes have been one of the prominent products considered by consumers during panic buying conditions. Moreover, the demand and supply of these products have not been fully impacted by the lockdown situation because of considering baby wipes as an essential good under many Government regulations. Baby wipes are among the cheapest wipes available in the market and are used by people for multiple applications, including paper towels, toilet paper, and tissues, which, in turn, is driving the demand for the product. North America dominated the market for baby wipes and accounted for 29.2% share of the global revenue in 2020. Growth of the market is attributed to the strong presence of leading brands including Huggies and Pampers, along with a well-developed supply chain in the region. Moreover, parents in countries, such as the U.S., take extra care of the hygiene and use wipes very frequently when taking care of their baby. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/450722/ibb The market is characterized by high competition due to the presence of some major industry participants accounting for a considerable share in the market. However, many new companies have been venturing into the market by offering products made with high natural ingredients. For instance, Babo Botanicals, a U.S.-based company, is involved in baby care products of all types, including baby wipes. These wipes are specially formulated for sensitive skin with pure ingredients, such as moisturizing oat milk and organic calendula oil, which reduce the risk of allergic reactions. Some of the prominent players in the baby wipe market include:
Grand View Research has segmented the global baby wipes market on the basis of product, distribution channel: Baby Wipes Product Outlook (Revenue, USD Million, 2016 - 2027)
Baby Wipes Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information:www.grandviewresearch.com Like it? Share it!More by this author |