Indian Baby Care Market to See 15% CAGR through 2022, States RNCOS in Its New Study Published at MarketPublishers.com27 Jun 2016 • by Natalie Aster
LONDON – Throughout 2015, India’s baby care market has exhibited enormous growth underpinned by surging awareness of standardised baby care products, surging levels of disposable income owing to the rise of occupied population, in tandem with the rising trend towards nuclear families.
Technological advances and advent of online platform amid the parents to shop on the web has further exacerbated the boom in baby care products. New product introductions and innovations in the baby care product range by local firms have further underpinned the high opportunities for growth in the baby care segment.
The Indian baby care market keeps on developing, and is undergoing constant transformation. The sector is anticipated to register a 15% CAGR through to 2022.
The market will likely see a drastic change in the competitive scenario in the upcoming years. A large number of foreign companies will make inroads into the country’s lucrative market with their diversified product range. Additionally, the large untapped market in the non-urban areas is expected to see substantial market developments, which will further give a boost to the national baby care market.
New research study “Indian Baby Care Market Outlook to 2022” developed by RNCOS E-Services (RNCOS) presents comprehensive research and accurate analysis of different segments of the baby care marketplace. To facilitate a refined understanding of the market, report provides statistical figures and in-depth analysis of the current and future market trends. The report sheds light on the actual market performance, historical trends, and progressing developments in the market and also provides detailed forecasts of the sector’s development. Furthermore, the report includes a granular description of key industry players along with their weak points and strengths as well as reveals their latest activities in the industry.
More reports by the publisher can be found at RNCOS page.