The global baby fashion accessories market was valued at USD 5,857 Million in 2019 and is projected to reach USD 8,759 Million by 2027, expanding at a CAGR of 6.43% during the forecast period. Innovation in baby fashion accessories expected to act as a key market driver for the baby fashion accessories market in the coming years. For instance, in November 2018, Carter's, Inc., launched a collection of apparel specially designed for premature babies of under five pounds to its baby fashion product portfolio.
In the last few years, the baby fashion accessories market has significantly evolved. The changing dynamics of the baby fashion industry have forced retailers to provide flexibility in design and improved quality. Manufacturers are adopting strategies such as product innovation, merger & acquisition, and partnership to maintain their position in the increasingly demanding market. For instance, India-based online baby fashion accessories provider, FirstCry acquired BabyOye, a franchise division of Mahindra Retail Pvt. Ltd. to expand its brand portfolio and attract customers.
In the wake of the COVID-19 pandemic, a potential turn in the economic cycle is anticipated to increase concerns among market players during the forecast period. Hence, strategic priorities of the industry players are likely to shift toward improving productivity and quality following a prolonged period of growth and rising costs in the baby fashion accessories market.
The baby fashion accessories market is constantly changing. It may differ from country to country, depending on numerous factors including culture, age, climate, and geography. Fashion accessories may be categorized into two general areas including accessories that are worn and those that are carried. The market study includes both types of accessories.
The key challenge for the baby fashion accessories market is the limited life-period of the usage, as babies tend to outgrow them quickly. Lack of long-term use forcing market players to create economical clothing. However, this doesn’t alter the fact that the baby fashion accessories market is one of the most growing ones, with a huge scope for growth in the coming years owing to the growing popularity of fast fashion.
The baby fashion accessories market is segmented on the basis of types, distribution channels, and regions. In terms of types, baby clothing accessories expected to grow significantly during the forecast period. An increase in disposable income and changing lifestyle standards are expected to benefit baby fashion accessories manufacturers on a larger scale.
On the basis of types, the baby fashion accessories market is segmented into baby clothing accessories, baby hair accessories, jewelry, baby winter wear, baby hair accessories, baby bags, baby hosiery, and others. Consumers are increasingly preferring baby fashion accessories made from fabrics that are hypoallergenic and natural to avoid the risk of inflammations, which is anticipated to fuel the market during the forecast period.
By Distribution Channel
In terms of sales channels, the global baby fashion accessories market is categorized as online and offline. The offline segment accounts for a major share of the market and is anticipated to expand at a moderate CAGR during the forecast period. On the other hand, the online distribution channel is expected to grow at the fastest CAGR in the near future owing to increasing internet penetration.
On the basis of regions, the global baby fashion accessories market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). The Asia Pacific is expected to dominate the global baby fashion accessories market during the forecast period, owing to the increasing adoption of baby fashion accessories in this region.
North America is expected to hold a considerable share of the market. The presence of key manufactures of baby fashion accessories in the region is the key factor propelling the market growth in this region. The market in Europe is estimated to expand at a significant CAGR during the forecast period due to the increasing popularity of fast fashion trends.
Regulatory policies are expected to play a vital role in shaping the dynamics of the global baby fashion accessories market during the forecast period. Governments are implementing stringent regulations on the production of baby fashion accessories owing to the hazards associated with the products by setting certain standards regarding flammability and proportion of cadmium and lead content to ensure the quality of products. For instance, the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) association in Europe provides guidelines for the production and use of chemical substances in children's clothing. Some of the regulated substances by REACH are Lead, Cadmium, Mercury, Nickel, and Phthalate.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers types of Baby fashion accessories such as baby clothing accessories and baby hair accessories.
According to this Growth Market Reports report, the market from stand-up Peddle board sis likely to register a CAGR of 6.4% during forecast period 2020-2027, with an anticipated valuation of USD 8,759 million by the end of the 2027.
In addition to market size (in USD Million), company market Share (in % for base year 2019), other data such macro-economic factors, COVID-19 Impact on the Baby fashion accessories market is available in final report.
The baby fashion accessories market is anticipated to grow significantly during forecast period due to increasing working women population and changing lifestyle standard.
Product innovation and growing concerns regarding comfortable clothing driving the market growth.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness slow growth during 2019-2020 owing to the negative impact of COVID-19 pandemic on the global Baby fashion accessories market.
The base year considered for the global baby fashion accessories market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major Manufactures include M&Co, Burberry Group Plc, Carter’s, Inc., The Walt Disney Company, Esprit Global Image, Gerber Childrenswear, H&M Group, Kidiliz Group, Mamas & Papas, Mothercare plc, Nike, Inc., RALPH LAUREN, The Children's Place, Inc., The Gap, Inc., and ZARA.