- The key vendors in the Global Baby Diaper Rash Cream Market 2015-2019 are Chicco USA Inc., Johnson & Johnson Ltd., Sebapharma GmbH & Co. KG and Summer Laboratories Inc.
London, 26 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Baby Diaper Rash Cream Market 2015-2019. One of the emerging trends in the market is the increased investment in R&D. The market is witnessing several innovations, which are leading to the improved performance and efficiency of diaper rash creams for babies. R&D investment is improving the product and its safe usage. Increased demand for baby diaper rash creams from emerging economies is another trend that will drive market growth during the forecast period. The overall market is expected to grow at a CAGR of 5.64 percent during the forecast period of 2014-2019.
The Global Baby Care market is growing at a significant rate. The health benefits provided by baby care products, along with their convenience and organic nature, have fueled the demand for baby care products. The Baby Toiletries segment was the largest market segment in 2014. The Baby Hair Care segment had the lowest market penetration in 2014 but is expected to grow in the coming years.
“Developing economies such as Brazil, China, India, Mexico, Nigeria, and Russia among others are driving the demand for baby care products. These countries are witnessing robust growth in their respective Baby Care markets,” says Faisal Ghaus, Vice President of TechNavio Research.
“The reasons for this growth is attributed to an increase in per capita income. Increased disposable income, growing concerns about healthy lifestyles, increased awareness about child care, and improved retail option is booming its demand. In addition, because of the maturity of the market in developed countries, many global vendors are increasingly investing in emerging markets to expand their geographical presence.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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