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Baby Apparel Market to Reach USD 82.54 Billion by 2027; Growing Demand for Stylish Kid Clothes to Boost Market, states Fortune Business Insights™

Pune, India, Jan. 11, 2021 (GLOBE NEWSWIRE) — The global baby apparel market size is expected to reach USD 82.54 billion by 2027, exhibiting a CAGR of 4.2% during the forecast period. The growing inclination towards fashionable kid clothes among modern age parents will boost the growth of the market, states Fortune Business Insights, in a report, titled “Baby Apparel Market Size, Share & COVID-19 Impact Analysis, By Type (Top wear, Bottom wear, and Others), Material (Cotton, Wool, and Others), End-user (Girls and Boys), and Regional Forecast, 2020-2027.” The market size stood at USD 62.04 billion in 2019.The coronavirus incident has caused massive loss and disruption to various industries across the globe. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.
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The report on the baby apparel market contains:Exceptional insights into the marketMeticulous scrutiny of the segmentsCurrent developments and driversFundamental information about key playersDominant regions and playersCOVID-19 pandemic impact
The Report Lists the Key Companies in the Baby Apparel Market:Carter’s, Inc. (Atlanta, U.S.)The Children’s Place, Inc. (Secaucus, U.S.)Industria de Diseño Textil, S.A (Inditex) (Arteixo, Spain)Hennes & Mauritz AB (Stockholm, Sweden)Nike, Inc. (Beaverton, U.S.)Mothercare plc (Hemel Hempstead, U.K.)Cotton On Group (Geelong, Australia)Gianni Versace S.r.l. (Milano, Italy)Burberry (London, U.K.)Gerber Childrenswear LLC (Fremont, U.S.)
Key Development:July 2019: Marks and Spencer plc announced the launch of a new Dreamskin product under the Easy Dressing range for babies. Products are specially developed for sensitive baby skin.
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The convenience of E-commerce to Boost Product DemandThe increasing accessibility to online platforms for apparel and accessories will aid the expansion of the market. Moreover, the infrastructural development and revamping of existing retail stores can have an excellent effect on the market. The increasing collaboration of major brands can foster the healthy growth of the market. For instance, in March 2019, PT Matahari Department Store Tbk announced its collaboration with OVS, one of the leading Italian clothing company which also offers baby apparel. Through this collaboration, Matahari stores will become the exclusive distributor for OVS products in Indonesia expanding its product reach. Moreover, the growing number of working women, resulting in high purchasing power can spur demand for designer clothes for toddlers, which, in turn, will boost the growth of the market. Similarly, the trend for baby photoshoots is expected to fuel demand for new age stylish baby garments, in turn, promoting market growth.
Temporary Closure of Stores to Diminish Market During COVID-19The outbreak of pandemic has led to closures of most retail stores of non-essential items, which, in turn, inhibited the growth of the market. For instance, as per Q2 2020 results of The Children’s Place Inc., one of the leading children’s specialty apparel company, temporary store closures declined its overall sales revenue as The Children’s Place had to close down about 98 stores out of its 102 stores in the first half of fiscal 2020. However, the company witnessed a 118.2% increase in its digital sales in Q2 2020 owing to shifting consumer preference towards online buying. In addition, the lockdown restrictions imposed by governments can further restrict the growth of the market. Nonetheless, the increasing utilization of e-commerce will consequently uplift the growth of the market.
Regional Analysis:Increasing Middle-class Population to Back Growth in Asia PacificThe market in Asia Pacific is expected to hold the largest share owing to the increasing number of newborns in the region. China is expected to become one of the largest markets for baby apparel during the forecast period owing to the termination of a single child policy in China. For instance, as per the IND –TEXPO 2019 presentation of Cotton Council International, apparel spending is expected to grow from 2016 to 2030 by 116% in China and by 148% in India. In addition, the increasing middle-class population coupled with the better living standard will contribute to the growth of the market. Europe is expected to rise tremendously owing to the purchasing power of working women in the region.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/baby-apparel-market-102106
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsOverview of the Parent/Related MarketsIndustry SWOT AnalysisEmerging TrendsRecent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & AcquisitionsQualitative Analysis (In Relation to COVID-19)Impact of COVID-19Supply Chain ChallengesPotential Opportunities due to COVID-19Global Baby Apparel Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and Forecast By Type (Value)Top wearBottom wearOthersBy Material (Value)CottonWoolOthersBy End-user (Value)GirlsBoysBy Region (Value)North AmericaEuropeAsia PacificSouth AmericaMiddle East & Africa TOC Continued…!
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Have a Look at Related Research Insights:Baby Bottle Market Size, Share & Industry Analysis, By Product Type (Plastic Baby Bottles, Stainless Steels Baby Bottles, Glass Baby Bottles and Others), By Baby Category (Infants, Toddlers), By Distribution channel (Online, Offline) and regional forecast 2020-2027Baby Food market size, share & industry analysis, By Product (Baby Food Cereals, Baby Food Snacks, Baby Food Soup and Milk Formula, Frozen Baby Food), By Packaging (Pouches, Jars, Bottles, Others), By Baby Category (Infants, Toddlers), By Distribution channel (Shopping Malls, Supermarkets, Convenience Stores, Hyper Markets, Online Retail) and regional forecast 2020-2027Luxury Goods Market Size, Share & Industry Analysis, By Product Type (Luxury Wearables and apparels, Cosmetics, Travel Goods, Interior products and others), By Gender (Male, Female), By Distribution channel (Retail stores, Online) and regional forecast 2020-2027
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Emailsales@fortunebusinessinsights.comFortune Business Insights™
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