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U.S. Market for Babycare Supplies to Increase More than $1 Billion by 2015, finds Packaged Facts
The U.S. market for babycare supplies trended upward during 2005-2009, to surpass the $7 billion mark at retail. Packaged Facts forecasts that U.S. retail sales of babycare supplies will approach the $9 billion mark by 2015.
“There are several million households with children under the age of two and the growth we anticipate for babycare supplies can be considered fair-to-good. However, what’s truly exciting is the large dollar base, which ensures that even slight progress translates into substantial dollar levels,” says Don Montuori, publisher of Packaged Facts. “For example, in 2010 a single percentage-point of increase could equal $71 million.”
The report breaks sales figures into six product categories. In descending order of retail dollar size, they are: disposable diapers/training pants, baby wipes/moist towelettes, baby bodycare products, nursing/feeding accessories, play & discovery (infant) toys, and pacifiers/teethers (a.k.a., soothing accessories)
Unsurprisingly, many consumers turned to the value-tier of babycare supplies brands—as well as to private labels—during the recent recession. Packaged Facts anticipates that some consumers will stick with these lower-cost alternatives even as the economy improves. Nevertheless, as Packaged Facts predicted in the previous edition, the sales of luxury goods hit hard by the recession appear to be regaining ground as of June 2010. Improved disposable income will especially drive sales in the wipes/moist towelettes, baby bodycare, feeding accessories, and play & discovery toys categories as consumers once again satisfy their desires for premium and even prestige-priced babycare supplies. Purchases of natural, organic, and green products are also expected to continue propelling the market substantially.
Beyond traditional retail stores, the expansion of the online channel has immense implications for the babycare supplies market, as evidence by the performance of companies such as Quidsi, Inc./Diapers.com, which Packaged Facts estimates will have at least $100 million in sales during 2010. Meanwhile, the relative maturity of the babycare supplies market creates such an intense competitive climate for marketers that those that can afford to target foreign territories are setting up or expanding operations outside the U.S. For marketers with enough ingenuity and willingness to adapt their products to smaller, less expensive pack sizes, developing countries such as BRIC (Brazil, Russia, India, and China) are fertile ground, according to Packaged Facts.
Babycare Supplies in the U.S.: Diapers, Bottles, Wipes and Feeding Accessories, 5th Edition is the latest market study in a popular series written by renowned Packaged Facts analyst Timothy Dowd. The report examines the consumer marketplace for products intended to facilitate the care, feeding, and mental development of the littlest Americans. Packaged Facts estimates the retail dollar sales for each of the six major product categories, as transacted through all U.S. outlets. For further information, please visit: http://www.packagedfacts.com/
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About Packaged Facts – Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer goods and retailing, foods and beverages, demographics, pet products and services, and financial products. Packaged Facts also offers a full range of custom research services. To learn more, visit: www.packagedfacts.com. Follow us on Facebook, LinkedIn and Twitter.
Page Updated Last on: Oct 12, 2011