Vantage Market Research
Nov 11, 2021
According to analysts at Vantage Market Research, the baby clothing sets market is expected to reach USD 950 Million by 2028, growing at a CAGR of 1.8% from 2021 to 2028. Rising Population, Increasing Appearance concerns are some of the determinants fuelling the market growth. As there is a surge in disposable income so does the wiliness to pay for such goods.
Baby Clothing Sets Market Preview
- The Cotton segment is projected to expand at the fastest CAGR exceeding 21% over the forecast period owing to the increasing adoption in the food and beverage industry.
- The Newborn Babies (0-9 months) segment held a market share of around 30% in 2020. This share is due to the rising number of babies around the globe in regions like North America, APAC, and Europe.
- Europe is expected to expand fastest from 2021 to 2028. This surge is attributed to the rising demand and increase in numbers is babies in recent years.
Some of the key players in the baby clothing set market include Carters, JoynCleon, H&M, JACADI, GAP, Gymboree, OKAIDI, Catimini, BOBDOG, Nike., among others. The market is comprised of a high degree of competition due to the presence of numerous key players. Manufacturers are focusing on opting for various inorganic growth strategies such as acquisitions, mergers, and geographical expansion to leverage their market share and gain a competitive advantage.
North America region is poised to record the highest CAGR, owing to the increasing demand in countries, such U.S., Mexico, and Canada, coupled with the growth of the region's overall baby clothing set market. In the U.S., the demand for baby clothing sets is mainly among a niche group of wealthier and healthy families who can afford high-end clothing products. However, the advent of domestic versions has brought down the prices, which is expected to drive the deployment.
Clothes manufactured for new burns, toddlers, and babies aged from 0-12 can be termed as Baby clothing. Online shopping has proved to be a major driving factor for the Baby clothing set market as people can order and return as per their convenience coupled with various options like try and buy. Increasing prices of clothing sets and the raw material required for it is restraining the market growth.