The South Korea baby products market is expected to grow at a CAGR of 6.2% between 2023 and 2028. Consumer preferences are evolving and are inclined toward high-quality, utility-focused, and premium items, which is fueling the South Korea baby products market's development.
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Additionally, the market is expanding due to parents' increased knowledge of their baby's health and cleanliness, as well as doctors' recommendations that parents regularly use personal care products to properly nurture their baby's skin and health.
Baby products are made using components that are specifically chosen on their mildness and lack of irritability. Products for babies include baby shampoo, baby wash, lotions, oils, powders, and creams. Even infant cologne and perfume are also available in the market these days.
The demand for baby care products will continue to rise in the upcoming years as knowledge of their availability has expanded in recent years. The use of these items, which significantly contribute to market expansion. With a rise in the amount of investment in research & development, the majority of manufacturers now operating in the market are actively working to offer novel goods. The largest prospects for the expansion of this market in the next years will be provided by the rising demand for organic products.
The majority of parents in South Korea have hectic schedules, and the number of working women is on the rise in the country. In the upcoming years, the market for baby care products will expand significantly due to dual-income households, rising disposable income, and higher standards of living. These goods are all been tried and tested, and their dependability has become better over time due to their ease of use and improved living standards. Moreover, the availability of organic products on the market is crucial for the expansion as more people are now inclined toward chemical-free organic products for their babies.
The numerous health advantages linked to the usage of these goods and their effectiveness, which have been demonstrated over time, will be key factors in the market's expansion. Due to the significant growth in consumer spending power, there will be greater demand for and purchases of these items in order to maintain the wellness and hygiene of newborns. Baby skin is extremely delicate and sensitive, necessitating extra care. Parents seek to protect their infant from any dangerous chemicals emitted by unbranded baby goods, which they purchase since they are less expensive. People are capable as well as willing to spend on premium baby products, which is also aiding the development of the South Korea baby products market.
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Based on product type, the South Korea baby products market is segmented into baby cosmetics and toiletries, baby food, and baby safety and convenience, among others. The baby cosmetics and toiletries segment is sub-segmented into skincare, hair care, bath products, and diapers, among others. The baby food segment is sub-divided into milk formula, dried food, and prepared food, among others. The baby safety and convenience segment is sub-segmented into car seats and strollers, among others. On the basis of end user, the baby products market of South Korea is bifurcated into infants and toddlers. Based on distribution channel, the South Korea baby products market is divided into online and offline.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea baby products market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Products such as bathing products, skin care, haircare, diapers are used on a daily basis, which results in their increased demand among parents. These baby products maintain hygiene and moisture, so the need for them will increase more during the projection period. Due to a busy lifestyle, the market for milk formula, dried foods, and prepared foods, among others, seems to grow exponentially. Moreover, camping with family is one example of how Korea is extending its outdoor culture. There are various campgrounds all over the nation. Auto camping and festivals, where guests may enjoy both entertainment and camping, are also popular. The craze of outdoor activities expands the consumption of baby products, thereby boosting market growth.
The immune system of infants and toddlers is quite unable to effectively fight infections, which makes them vulnerable to getting a foodborne disease. Therefore, among the most crucial variables affecting the decision are elements like high-quality items and their safety. Additionally, the growth of the baby products market is being boosted by the availability of gluten-free variants of baby food items. Baby goods that are available on the market and offer nutritional advantages are likewise in high demand. With the use of such goods, the nutritional needs of new-borns are also addressed. In addition to offering the baby's skin excellent protection, they also lower the risk of getting any ailments.
Due to high internet connectivity, increased smartphone usage, and improved e-commerce services, the online segment is gaining traction in the country. Offline retail channels such as supermarkets, hypermarkets, and convenience stores, among others are quite popular as they provide customers variety of brands and products to choose from. During the COVID-19 pandemic outbreak, the market was temporarily yet severely affected not just in South Korea but worldwide. However, it has steadily revived and is continuously growing gradually.
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Nestlé S.A- Nestle S.A. (Nestle) is a food and beverage manufacturer and marketer. Baby foods, cereals, bottled water, coffee, chocolates and confectionary, culinary items, ice cream, chilled and frozen meals, dairy products, pet products and nutritional products are among the company's product offerings. It is available in 187 nations worldwide. The headquarter of Nestle S.A. is established in Vevey, Switzerland.
Neopharm Co. Ltd- Neopharm Co.,Ltd. is a skin care product manufacturer and distributor. The business sells daily moisturisers in addition to sensitive skin care items. Under the trade names "ATOPALM," "DERMA-B," "ZEROID," and "Mission Athletecare," Neopharm Co.,Ltd. distributes its goods. The corporation has its headquarters in Daejeon, South Korea, and a global network that extends to markets in Europe, Vietnam, Kazakhstan, Jordan, Russia, Kuwait, the United Arab Emirates, China, Pakistan, Hong Kong, Thailand, Malaysia, Mexico, Singapore, Indonesia, Australia, and the United States. Neopharm Co.,Ltd. was established in the year 2000.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product Type||
|Breakup by End User||
|Breakup by Distribution Channel||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 South Korea Baby Products Market Overview
8.1 Key Industry Highlights
8.2 South Korea Baby Products Market (2018-2022)
8.3 South Korea Baby Products Market Forecast (2023-2028)
9 South Korea Baby Products Market by Product Type
9.1 Baby Cosmetics and Toiletries
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.1.4 Breakup by Type
22.214.171.124 Skin Care
126.96.36.199 Hair Care
188.8.131.52 Bath Products
9.2 Baby Food
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
9.2.4 Breakup by Type
184.108.40.206 Milk Formula
220.127.116.11 Dried Food
18.104.22.168 Prepared Food
9.3 Baby Safety and Convenience
9.3.1 Market Share
9.3.2 Historical Trend (2018-2022)
9.3.3 Forecast Trend (2023-2028)
9.3.4 Breakup by Type
22.214.171.124 Car Seats
10 South Korea Baby Products Market by End User
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
11 South Korea Baby Products Market by Distribution Channel
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
12 Market Dynamics
12.1 SWOT Analysis
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Mother K Co., Ltd.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.2 AONE Co., Ltd
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.3 Nestlé S.A.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.4 Kimberly-Clark Corporation
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.5 Maeil Co.Ltd
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.6 Namyang Dairy Products Co., Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.7 Neopharm Co. Ltd
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Baby Products Market: Key Industry Highlights, 2018 and 2028
2. South Korea Baby Products Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. South Korea Baby Products Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. South Korea Baby Products Historical Market: Breakup by End User (USD Million), 2018-2022
5. South Korea Baby Products Market Forecast: Breakup by End User (USD Million), 2023-2028
6. South Korea Baby Products Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. South Korea Baby Products Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. South Korea Baby Products Market Structure
The market is projected to grow at a CAGR of 6.2% between 2023 and 2028.
Increased consumer awareness, increasing disposable income, the emergence of premium baby products, and improved e-commerce services are the major drivers of the South Korea baby products market.
Dependability on baby products, the increase in dual-income households, and the growing preference for organic products are the key trends in the market.
The dominant type of baby products in the industry are baby cosmetics and toiletries, baby food, and baby safety and convenience, among others.
The leading distribution channels in the market are online and offline.
The major players in the industry 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.
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