Press Release

South Korea Baby Products Market to Grow at a CAGR of 6.2% During 2024-2032, Aided by a Significant Increase in Demand for Premium Baby Care Items

South Korea Baby Products Market

According to a new report by EMR titled, ‘South Korea Baby Products Market Report and Forecast 2024-2032’, the market is estimated to grow at a CAGR of 6.2% between 2024 and 2032. The market is being aided by a significant increase in demand for premium baby care items.

A significant factor driving the South Korea baby products market growth is the growing consumer preference for organic and eco-friendly options. As parents become increasingly aware of the potential health risks posed by synthetic chemicals, they are demonstrably gravitating towards products formulated with natural ingredients. This trend is particularly evident in the surging demand for organic certified baby skincare and food products, reflecting a growing focus on conscious consumption and prioritising the well-being of their infants.

 

The rise of K-culture, encompassing South Korean music, dramas, and fashion, has demonstrably influenced the market. Popular K-celebrities endorsing baby brands and embodying modern parenting approaches have significantly impacted consumer choices and market trends. This endorsement lends credibility to specific brands and styles, shaping what resonates with parents seeking the best for their children.

 

Furthermore, the rise of dual-income households, fuelled by increasing numbers of working women, coincides with growing disposable income and a heightened focus on improved living standards. This creates a demand for convenient and reliable baby care solutions, and the market is well-positioned to meet this need with its established and dependable products.

 

Kimberly-Clark Corporation (NYSE: KMB) is one of the market leaders in baby products. The company offers diapers, wipes, and training pants under various brand names, including Huggies, Pull-Ups, Good Nites, DryNites/All Pyjama Pants, Little Swimmers, Kleen Bebe, Green Finger (offering infant and child skin care products in Korea).

 

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Market Breakup by Product Type, End User, and Distribution Channel:

  • On the basis of the product type, the market is divided into baby cosmetics and toiletries, baby food, and baby safety and convenience, among others.
  • The market can be segmented based on end user into infants and toddlers.
  • On the basis of the distribution channel, the market is bifurcated into offline and online.

 

Key Findings of the Report:

  • The South Korea baby products market expansion is being aided by a surge in demand for premium options, especially within the skincare category. This trend is driven by parents' willingness to invest in products perceived to offer superior quality and safety for their children. 
  • Online retail has become a dominant channel for baby product purchases, with parents increasingly conducting research and making purchases directly through e-commerce platforms. 
  • In South Korea, safety, the use of natural ingredients, and innovative health and wellness solutions are top priorities for parents. This translates to a strong interest in products featuring probiotics, immunity boosters, and eco-friendly materials.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the South Korea baby products market for the periods (2018-2023) and (2024-2032). 
  • The report also offers historical (2018-2023) and forecast (2024-2032) market information for product types, end users, and distribution channels of baby product in South Korea.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market along with providing an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the South Korea baby products market are Mother K Co., Ltd., AONE Co., Ltd, Nestlé S.A., Kimberly-Clark Corporation, Maeil Co.Ltd, Namyang Dairy Products Co., Ltd., and Neopharm Co. Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • End User
  • Distribution Channel
Breakup by Product Type
  • Baby Cosmetics and Toiletries
  • Baby Food
  • Baby Safety and Convenience
  • Others
Breakup by End User
  • Infants
  • Toddlers
Breakup by Distribution Channel
  • Offline
  • Online
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Mother K Co., Ltd.
  • AONE Co., Ltd
  • Nestlé S.A.
  • Kimberly-Clark Corporation
  • Maeil Co.Ltd
  • Namyang Dairy Products Co., Ltd.
  • Neopharm Co. Ltd
  • Others

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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