Growing E-commerce Channel to Push Global Baby Oil Market
Changing lifestyles and increasing disposable income to drive global baby oil market through 2024
KidZNewswire/ -- According to TechSci Research report, “Global Baby Oil Market By Application, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, global baby oil market is expected to register growth during the forecast period, on the back of increasing birth rates in emerging nations, growing awareness about infant care and rising income levels. Moreover, growing consciousness of parents towards the nurture of their child is resulting in high spending on childcare, which is expected to have a positive impact on global baby oil market in coming years.
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"Global Baby Oil Market"
In terms of distribution channel, global baby oil market has been categorized into store-based retail and non-store-based retail. The store-based retail segment accounted for majority share in global market for baby oil in 2018. The non-store-based retail segment is witnessing healthy growth, owing to growing popularity of the e-commerce market. Moreover, e-commerce and technology are transforming this category with new user experiences, where luxury brands and small start-ups alike are racing to embrace e-commerce, making this channel even stronger. Asia-Pacific is the largest market for baby oil, globally, backed by rising middle class population and improving living standards in developing countries like India and China.
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“Global baby oil market is expected to be driven by increasing household income, growing online retail industry and consumer awareness regarding baby care products. Over the coming years, North America is anticipated to register growth in global baby oil market, owing to the availability of high-quality products in the region,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
According to TechSci Research “Global Baby Oil Market By Application, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global baby oil market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global baby oil market.
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Categories: Business, Lifestyle, Retail
Source: TechSci Research