Baby Fashion Accessories Market Trends, Industry & Size 2030
Global Baby Fashion Accessories Market
Segments - by Types (Baby Clothing Accessories, Baby Winter Wear, Jewelry, Baby Hair Accessories, Baby Bags, Baby Hosiery, and Others), by Distribution Channels (Online and Offline), and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Segments - by Types (Baby Clothing Accessories, Baby Winter Wear, Jewelry, Baby Hair Accessories, Baby Bags, Baby Hosiery, and Others), by Distribution Channels (Online and Offline), and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
The global baby fashion accessories market was valued at USD 5,857 Million in 2019 and is projected to reach USD 8,759Million 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.
Market Dynamics
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.
Segmental Outlook
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.
By Types
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.
Regional Outlook
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.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Baby fashion accessories market
Historical, Current and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Baby fashion accessories market Performance
Segments
By Types
Baby Clothing Accessories
Baby Winter Wear
Jewelry
Baby Hair Accessories
Baby Bags
Baby Hosiery
Others
By Distribution Channel
Offline
Online
By Regions
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
France
Italy
U.K.
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
New Zealand
Australia
South East Asia (SEA)
Rest of Asia Pacific (APAC)
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
Rest of Middle East & Africa (MEA)
Key Market Players Profiled in the Report
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.
ZARA
Competitive Landscape
Key players in the market 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. These players are considered as key manufacturers of the market based on their product offerings, regional presence, and effective supply chain management.
Manufacturers operating in the baby fashion accessories market are focusing on strategic partnerships to sustain in the competitive business environment. For instance, In January 2020, Esprit Global Image GmbH, a Germany-based provider of baby apparel, partnered with Kids Fashion Group (KFG) to expand its distribution channel in Europe.
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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.
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.
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 baby fashion accessories market is anticipated to grow significantly during forecast period due to increasing working women population and changing lifestyle standard.
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.
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.
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