Latin America Baby Products Market Forecast 2019-2027

Latin America Baby Products Market Forecast 2019-2027

KEY FINDINGS The Latin America Baby Care market is expected to grow from USD XX million in 2018 and projected to reach up to USD XX million by 2027, at 4.89% CAGR during 2019-2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. The two major factors boosting the growth of the market during the forecast period are the increase in the birth rates across the developing countries and rising awareness about child’s hygiene. MARKET INSIGHTS Latin America is the most promising market for Baby Care Products. Brazil, Mexico, Argentina, Chile and Venezuela, are the major countries, which contributes substantially in the growth of the market. These countries are experiencing economic developments, which is aiding to the growth of the market. Brazil and Mexico both countries are expected to show a significant growth during the forecast period. The baby care market growth is fueled by factors such as rise in financial status and spending power of the people and online retailing. The hazardous effects caused by products and huge costs associated with raw materials, product development and marketing are restraining the market to move ahead. Natural and non-toxic baby products and preferable growth in emerging markets are opening up new doors for the baby care market. COMPETITIVE INSIGHTS Key and well-established players in the market are L’oreal SA, Kimberly Clark Corporation, The Honest Company Inc., Avon Products Inc., Hayat Kimya Sanayi, Marks & Spencer Group, Natura Cosmetics SA, Procter & Gamble, Gerber Products Company, Johnson & Johnson, Dabur India Limited, Pigeon Corporation, Yuhan Corporation, Beiersdorf AG, Kopas Kozmetik, and others.