Global Diaper Rash Cream Market 2019-2023
About this market
Consumers are increasingly relying on online shopping platforms with the growing penetration of the Internet and the adoption of smart gadgets. The improved security features of e-commerce platforms and convenience of online shopping boosts the market’s growth. Technavio’s analysts have predicted that the global diaper rash cream market will register a CAGR of almost 7% by 2023.
Increasing consumer awareness about natural baby products
Newborn babies are easily prone to skin irritation and rashes. This results in an increased need for natural baby products that are free from synthetic additives, colors, artificial preservatives, and perfume.
Decline in birth rates in developed economies
The delayed childbirth and decline in birth rates negatively affect the sales of baby care products and revenue of vendors.
For the detailed list of factors that will drive and challenge the growth of the global diaper rash cream market during 2019-2023, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the increasing popularity of e-commerce channels and increasing consumer awareness about natural baby products, will provide considerable growth opportunities to diaper rash cream market vendors. Bayer, Beiersdorf, Johnson & Johnson Services, Sebapharma, and Unilever are some of the major companies covered in this report.
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