Baby Powder Market Revenue Driving Factors, Business Opportunities, and Trends, 2023
Global Baby Powder Market is expected to grow at a significant CAGR of 5.62% in the upcoming period. The factors that are playing a major role in the growth of Baby Powder Market are easy availability of baby powder at retail stores and growing concern among consumers regarding personal hygiene and its effect on the skin.
(firmenpresse) - Global Baby Powder Market is expected to grow at a significant CAGR of 5.62% in the upcoming period as the scope and its applications are rising enormously across the globe. Baby Powder is termed as a hygienic or cosmetic powder produced from arrowroot, a clay mineral, and cornstarch. It is used to treat or prevent diaper rash, bacterial overgrowth, and other skin irritations like chafing. It is exclusively used as it absorbs the moisture and is preferred by women to reduce feminine odors.
The factors that are playing a major role in the growth of Baby Powder Market are easy availability of baby powder at retail stores and growing concern among consumers regarding personal hygiene and its effect on the skin. However, side effects caused due to the presence of chemicals may restrain overall market growth in the years to come. The market is segmented based on type, distribution channel, application, and region.
Synthetic and organic baby powder could be explored in Baby Powder market in the forecast period. The organic sector accounted for the significant market share of Baby Powder and is estimated to lead the overall market in the years to come. This could be because of the increasing trend of using organic products and high demand from consumers for natural products.
There are several distribution channels where baby powders are available such as online stores, supermarket & hypermarket, specialty stores, convenience stores, and others that could be explored in the forecast period. The supermarket & hypermarket sector accounted for the significant market share of Baby Powder.
The market may be categorized based on applications like medical, household, and others. Household application accounted for the significant market share of Baby Powder and is estimated to continue its dominance in the years to come. Globally North America accounted for the substantial market share of Baby Powder and is estimated to lead the overall market in the years to come. The aspects that may be ascribed to the growth comprise the growing concern of parents regarding the maintenance of personal hygiene and antibacterial formulation of powder that prevent infection on the skin.
Europe and the Asia Pacific are also estimated to have positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The reason behind the overall market growth could be rising awareness among consumers regarding hygiene and growing infant population. The developing countries like India and China are the major consumers of Baby Powder in this region.
The key players of Baby Powder Market are PZ Cussons, Chicco, Pigeon, Carefor, Johnson & Johnson, Zichumy, California Baby, Sanosan, Wyeth, Wakodo, Mothercare, Lancome, FIVERAMS, Burts Bees, Dr.Browns, and Himalaya. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. Pigeon, Chicco, and Johnson & Johnson are the key international players leading overall market. This may be because of growth in service and product allowances.
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Datum: 06.04.2020 - 11:47 Uhr
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