Market demand analysis of baby diapers
The future of the baby diaper market looks promising with opportunities in the consumer goods sector. The global baby diaper market is expected to grow with a CAGR of 5% from 2019 to 2024. The major growth drivers for this market are growing awareness regarding health issues of babies and infant, increasing disposable income, rising population of female workers, and various initiatives taken by the manufacturers to provide affordable products.
Global Baby Diapers Market Share & Growth Report, 2030
The global baby diapers market size was valued at USD 82.59 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. The market is projected to witness higher demand over the coming years owing to the rising awareness regarding child health.
1. The rising awareness regarding child health.
2. The shifting inclination toward high-quality and eco-friendly baby products.
3. The manufacturers are focusing on developing bio-ingredients-based baby diapers.
4. The demand for baby diapers and baby essential care products surged after the pandemic.
The End Diaper Need Act will provide USD 200 million to social services every year between 2022 and 2025, which will contribute to diapers and related supplies. In addition, the bill will fund 200 medically necessary diapers per month for “medically complex children” through Medicaid. Such initiatives can create a significant positive impact on industry growth in the U.S. over the coming years. The purchasing power of consumers in North America and Europe is relatively high compared to other regions in the world.
This higher purchasing power allows them to spend more on high-quality, premium baby products.NEW YORK, April 13, 2023 (GLOBE NEWSWIRE) -- According to Market.us, the baby products market is expected to grow from $90.8 billion in 2022 to approximately $172 billion in 2032, at a CAGR of 6.8% from 2023 to 2032.
As a result, premium baby care products have a notable demand in the abovementioned regions.Countries with a high participation rate of women in the workforce are also expected to generate a high demand for baby products owing to the increased purchasing power. As of 2019, countries like Rwanda, Madagascar, Nepal, Burundi, Tanzania, Zimbabwe, Cambodia, Vietnam, South Sudan, and Iceland had the highest women's labor force participation rate.
Product insights
The diaper industry is divided into disposable products and non-disposable products. The disposable segment will lead the global industry and account for the largest share of more than 65.80% of the total revenue in 2022. The segment is expected to maintain its dominance over the forecast period. Growing infant population and increasing disposable income in Asia, Latin America, Middle East and Africa significantly contribute to the growth of this segment.
Jiayue is one of the leaders in China's baby diaper industry. Faced with such a large market for baby diapers, Jiayue really feels that there is nothing wrong with entering the diaper industry. Since Jiayue entered the industry for 10 years, it has led many customers to become well-known brands in the local area., it is our pleasure.We also supply adult diapers, wet wipes, dry wipes, sanitary napkins, underpad, pet diapers, and related raw materials, as well as OEM and ODM customization services.We hope that those of you who read this diaper trend analysis will become Jiayue's next cooperation customer ~ looking forward to cooperating with you!
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