Baby Clothing Sets Market is Expected to Grow at a CAGR of 1.8% by 2028
The Global Baby Clothing Sets Market was valued at USD 890.14 Million in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 1.8% between 2021 to 2028. Baby clothing sets are apparels designed specifically for children and include clothes for all occasions, made up with various clothing materials such as cotton, silk, wool, and among others. They are trendy, stylish, comfortable, and highly efficient. Furthermore, they are safe to wear and do not contain irritants that could be harmful for the children.
Rising growth of online retail industry, increased internet penetration and surging demand for trendy clothes are some of the key factors that are augmenting the growth of the baby clothing sets market, worldwide.
However, the COVID-19 pandemic brought in worldwide lockdown, business shutdowns and import and export restrictions. The manufacturing units for clothes were closed off and their supply chain was disrupted as well. This disrupted their sales and revenue thereby, halting the growth of the baby clothing sets market.
Although, the pandemic also highlighted the significance of ecommerce, digital marketing, and sales, which provides an enthralling opportunity for the growth of baby clothing sets market, in the coming years.
Globally, North America is dominating the baby clothing sets market and this dominance can be attributed to increased awareness regarding apparel appeal, presence of large number of prominent players and enhanced expenditure power, in the region.
Subsequently, Asia-Pacific is anticipated to be the region that grows most rapidly, during the forecast period. This surge is accredited to rising disposable incomes, economic growth, and development, in the region.
Some of the major players operating in the global baby clothing sets market are Catimini, Nike, Carters, H&M, GAP, Gymboree Group Inc., Jacadi SAS, BOBDOG Children's Products Co. Ltd., First-Cry, Hanna Andersson, and among others.