PORTLAND, OREGON, UNITED STATES, September 27, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global baby romper market was estimated at $24.38 billion in 2020 and is expected to hit $37.64 billion by 2030, registering a CAGR of 4.4% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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According to the World Bank,over three-fourths of the global population lives in the developing countries, where total number of birth are highest, such as India and China. In addition, exponential increase in middle-class population, rise infemale participation rate in the workforce, and rapid urbanization in both developed and emerging markets have bolstered the adoption rate of convenience-oriented lifestyle, resulting in increased demand for baby-related accessories, including baby rompers. Population in India is increasing at a steady rate along with improvement in standard of living, which leads to increase in demand for baby-related products. In addition, the Chinese Government in 2016 relaxed its decades-old one-child policy, allowing all couples to have two and three kids to address the challenge of an aging population. Therefore, rise innumber of births and increase in product awareness are expected to positively impact the market growth in developing economies.
The baby romper market is highly fragmented with significant presence of a large number of regional players. Baby rompers have gained huge traction over the last few years, owing to which various low-quality baby rompers are flooded in the market. The right type of baby romper has no side effects on babies. However, counterfeit and low-quality baby romper available in the market might increase the risk of irritation on the baby’s skin. Low-quality material and production might cause discomfort among babies. A lot of these counterfeits imitate big brands and names, which tarnishes the brand image. International organizations in collusion with leading brands have introduced stringent rules and regulations to curb well-entrenched system of counterfeiting, however, more efforts need to be made regionally and globally to scuttle the rapidly advancing counterfeiting market. Therefore, availability of low-quality counterfeit product hampers the overall expansion of the baby romper market in terms of value sales.
Key Take Away
Half Body segment would exhibit the highest CAGR of 4.8% during 2021-2030.
Linen segment would exhibit the highest CAGR of 5.2% during 2021-2030.
Premium segment would exhibit the highest CAGR of 5.1% during 2021-2030.
Online channels segment would exhibit the highest CAGR of 6.1% during 2021-2030.
Asia-Pacific region would exhibit the highest CAGR of 5.2% during 2021-2030.
Based on material, the cotton segment contributed to more than two-thirds of the total market revenue in 2020, and is anticipated to rule the roost by 2030. Simultaneously, the linen segment would register the fastest CAGR of 5.2% during the forecast period.
Based on region, the market across Asia-Pacific held the major share in 2020, garnering nearly three-fifths of the global market. The region would also cite the fastest CAGR of 5.2% from 2021 to 2030. The other provinces studied in the report include North America, Europe, and LAMEA.
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The key market players analyzed in the global baby romper market report include Clearco Products Co., Inc, Fuchs Group, Freudenberg Group, SKF Group HollyFrontier Corporation, Hydrotex Lube, Interflon, Lubriplate Lubricants Company, Metalube, and Brit-Lube. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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