Baby Product Manufacturing in China - Industry Market Research Report

The Baby Product Manufacturing industry in China produces a range of products, such as baby food, clothing, toys and skincare products. The industry has grown steadily over the past five years. Industry revenue is expected to increase at a CAGR of 0.8% over the five years through 2023, to $184.8 billion, increasing by 3.7% from 2022. China's one child policy, which was relaxed in November 2013. China's Two-child and Third-child policy was implemented comprehensively in 2015 and 2021. This has encouraged parents to spend as much as they can on baby rearing. Additionally, China's growing economy has stimulated demand for baby products. In particular, higher living standards have created a stable foundation for medium and high-end baby products. The post-85s and post-90s have entered the birth peak period. These young mothers are more dependent on online information and consumption, which has promoted the development of the industry. However, the slower birth rate has lowered down the growth rate of the industry. Affected by the rising production costs from raw materials and safe manufacturing, industry profitability is expected to decrease to 6.5% in 2023. This industry manufactures a range of products, including food, clothing, diapers, cots and toys used by babies from birth to three years old. Products that specifically target new mothers are not included in the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.