TAGS: Skin Care
According to a new report by Transparency Market Research, the global baby & pregnancy skincare products market was valued at USD 6.5 Bn in 2020 and is projected to expand at a CAGR of 6.9% from 2021 to 2031.
Significant Share - North America
Initiatives by governments of different countries to improve awareness about baby hygiene and pregnancy
skin care are anticipated to drive the global baby & pregnancy skincare products market during the forecast period.
North America is expected to account for significant share of the global baby & pregnancy skincare products market during the forecast period. The growth of the baby & pregnancy skincare products market in the region can be attributed to rise in access to healthcare, presence of key players, and availability of various brands.
The market in Asia Pacific is likely to expand at a high CAGR from 2021 to 2031. High disposable income and change in consumer preference toward new and advanced products for well-being, safety, and security of mothers and babies boost the growth of the market in the region.
Governments Making Investment Toward Healthcare
Governments of developing countries are making significant investments toward healthcare infrastructure modernization, which is likely to increase access to products. Hence, key players focus on investing in developing countries.
In terms of product type, the global baby & pregnancy skincare products market has been bifurcated into maternal/pregnancy skin care and baby skin care. The maternal/pregnancy skin care segment has been split into toning/firming lotion, breast cream, itching prevention cream, stressed leg product, stretch mark minimizer, and others.
The baby skin care segment has been classified into body wash, baby balm, face & body cream, and others. The baby skin care segment has witnessed strong growth due to increase in awareness and shift in concern of parents toward baby’s skin health.
Source: Transparency Market Research