- The key vendors in the Global Baby Ointment Market 2015-2019 are Burts’s Bees Inc., Chicco USA Inc., Johnson & Johnson Ltd. and Sebapharma Gmbh & Co.
London, 11 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Baby Ointment Market 2015-2019. High investment in R&D is one key trend that is expected to gain traction during the forecast period. Investment is aimed at improving the efficiency of the product and its safe usage. As a result, several innovations are leading to the improved performance and efficiency of ointments for babies. The Global Baby Ointment market is expected to grow at a CAGR of 7.06 percent during the forecast period of 2014-2019.
Emerging countries such as India and China among others are witnessing high growth in their Baby Care markets. Vendors are shifting their focus to these countries to increase their profitability and offset their losses in other regions.
The increased penetration of the internet in developing countries has provided end-users with an ample depth of knowledge on the market and product availability. There are also online forums where parents can consult with doctors and seek their advice.
“Vendors are improving the execution models of their products to ensure easy reach of their products to consumers, for which they are concentrating on not only the quality but also the shelf life of the product and supply chain,” says Faisal Ghaus, Vice President of TechNavio Research.
“Vendors are implementing strategies to enhance trust among consumers and as a result improve sales. Other vendors are also trying their level best to restore consumers’ faith in their products and are set to take appropriate measures to do so.”
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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
