(MENAFN- EIN Presswire) Baby Sleepwear -amr
Global baby sleepwear market trends, key players, market segments, application areas, and market growth strategies.
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, UNITED STATE, July 14, 2023/einpresswire.com / -- According to a new report published by Allied Market Research, titled,“baby sleepwear market ," The baby sleepwear market was valued at $39.3 billion in 2022, and is estimated to reach $60.5 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032.
In 2023, the romper segment occupied the largest market share as it is one of the most popular types of baby sleepwear due to its ease of use.
Baby sleepwear is a clothing that infants wear while dozing off to keep them comfortable and reduce risks and difficulties including choking and clothing entanglement. These outfits are designed to be alluring for the purpose of making babies look adorable. Baby sleepwear are fabricated using materials such as cotton, linen, and bamboo to give babies the maximum level of comfort and material breathability.
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According to the World Bank, more than 75% of the world's population lives in developing countries. Even though birth rates have constantly decreased globally, they are still quite high in the developing countries such as China and India. The rate of acceptance of comfort-oriented lifestyles has increased as a result of growing middle-class population, female labor force participation, and rapid urbanization in both developed and emerging markets, which have raised consumer interest in baby-related goods such as baby sleepwear clothing. In addition, the Chinese Government loosened its long-standing ban on having more than one child in 2016, allowing every couple to have two or three children by 2021, in an effort to address the problems associated with an aging population. As a result, more babies will be born overall in the upcoming years, thus driving the market growth. In addition, the disposable income is rising globally. The World Bank states that in 2021, the annual GDP of the Eastern Asia-Pacific rose by 7.3%, significantly boosting the region's economy and creating higher-paying jobs. As a result, spending has increased particularly on branded and luxury products, thus promoting premiumization of a variety of goods. Fresh competitors in the baby sleepwear industry are attempting to premiumize their products as a result of this trend.
Global fertility rate has been defined as the average number of children that women can give birth to until the end of their reproductive cycle. The World Economic Forum reports that fertility rates are currently falling globally in recent years, having decreased by half during the previous 70 years. The decline in reproduction rates is primarily due to increasing consumer preference for education and careers as well as rising global expenditures for home ownership, travel, medical care, and other essentials. These factors discourage members of the younger millennial and generation Z generations from starting families, reducing the number of newborns worldwide and impeding market expansion.
Organic textiles, including cotton, linen, silk, bamboo, wool, and a variety of other materials are used to make clothes. Considering that organic linens and bamboo are rare, majority of organic apparel is made from organic cotton. The sale of organic clothes, particularly baby clothing, has increased globally. According to Textile Exchange, a global authority on textile production and quality, output of organic cotton increased by 3.9% in 2020, demonstrating the growing popularity of organic fibers. Organic baby clothes do not contain any unsafe chemicals. As consumers grow more aware of products that are more natural and free of additives, organic apparel are becoming immensely popular, and occupy the highest baby sleepwear market share. The number of people using various social networking websites, in addition to educational and general surfing websites, has rapidly expanded with the rising popularity of internet across the world.
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The baby sleepwear market is segmented into type, material, price point, distribution channel, and region. By type, the baby sleepwear market is classified into rompers and pajamas. Depending on material, it is categorized into cotton, linen, bamboo, and others. By price point, it is divided across mass and premium. According to distribution channel, it is segregated into supermarkets and hypermarkets, specialty stores, brand stores, online channels, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and rest of LAMEA).
Key findings of the study
The romper segment held the largest market share in 2022, capturing almost 70% of the global baby sleepwear market revenue, and the pajamas segment is expected to grow at the fastest rate during the forecast period.
Depending on material, the cotton segment acquired the largest share in 2022, contributing to more than half of the global baby sleepwear market revenue, while the bamboo segment is expected to grow at the fastest CAGR during the forecast period.
On the basis of price point, the mass segment accounted for the largest share in 2022; however, the premium segment is predicted to exhibit the highest growth during the forecast period.
By distribution channel, supermarkets & hypermarkets held the largest market share in 2022, whereas the online channels segment is expected to depict the highest growth.
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The players operating in the baby sleepwear market have adopted various developmental strategies to increase their market share, gain profitability, and remain competitive in the market. The key players operating in the baby sleepwear market include The Children's Place, Inc., Under Armour, Inc., Carter's, Inc., H&M Group, Benetton Group S.R.L., Nike Inc., Industria de Diseno Textil, S.A., The Gap, Inc., Limited, Mothercare Plc, and PVH Corp.
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David Correa
Allied Analytics LLP
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