Maternity & Personal Care Market to Reach $106.5 Billion, Globally, by 2031 at 6.5% CAGR: Allied Market Research

News provided by

Mar 02, 2023, 10:45 ET

The increase in the prevalence of health related and personal care issues among people, and the growing number of working women and their increasing demand for comfortable maternity apparel and personal care items drive the global maternity & personal care market.

PORTLAND, Ore., March 2, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Maternity & Personal Care Market by Product Category (Skin Care, Hair Care, Oral Care, Cosmetics, Others), by End user (Male, Female, Children and Infants), by Maternal Apparel (Day Wear, Night Wear, Innerwear), by Personal Care (Stretch Marks Minimizer, Body Restructuring Gels, Itching Prevention Creams, Skin Toning Creams, Others), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031" According to the report, the global maternity & personal care industry was valued at $58.1 billion in 2021 and is estimated to generate $106.5 billion by 2031, witnessing a CAGR of 6.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/31834

Drivers, Restraints, and Opportunities

The increase in the prevalence of health related and personal care issues among people, such as hair loss, skin allergies, oral disorders, and others and the growing number of working women and their growing demand for comfortable maternity apparel and personal care items such as vitamins, creams, oils, and lotions drive the maternity & personal care market. However, a lack of awareness among many consumers regarding their skin and body type and high cost of organic personal care products are likely to hinder the market growth in the forecast period. On the other hand, a rise in disposable income of consumers and their zeal to try new products in the complete body care sector will present new growth opportunities for the global maternity & personal care market in the coming years.

Covid-19 Scenario:

The outbreak of the COVID-19 pandemic had a negative impact on the maternity & personal care market, owing to the disrupted supply chain management of raw materials.
The pandemic-induced regulations and lockdown made people unable to purchase personal care products from the market, thereby suppressing the market growth.
In addition, the unavailability of raw materials and labor shortage severely disrupted the manufacturing capability of companies in the market. The companies had to put their R&D activities on hold amid the rising cases of COVID-19 worldwide.

The day wear segment to dominate the market during the forecast period

Based on maternal apparel, the day wear segment contributed to the largest share of more than half of the global maternity & personal care market in 2021 and is expected to maintain its dominance during the forecast period. The same segment is projected to witness the fastest CAGR of 6.8% from 2022 to 2031. This is due to the rising disposable income of consumers, their increasing spending capacity on fashion apparel, and their growing demand for comfortable outfits.

Procure Complete Report (380 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/76a7809a3d4d20390e15e99de6b855b8

The stretch marks minimizer segment to grab the lion's share during the forecast period

Based on personal care, the stretch marks minimizer segment grabbed the highest share of more than one-fourth of the maternity & personal care market in 2021 and is expected to dominate the market in 2031. The same segment would witness the fastest CAGR of 7.0% from 2022 to 2031. This is due to the growing demand for boosting skin elasticity and fair complexion among females. Moreover, the rise in spending on skin care products by the female population is fueling the market growth.

The skin care segment to maintain its leadership during the forecast period

Based on product category, the skin care segment grabbed the highest share of nearly one-third of the overall maternity & personal care market in 2021 and is expected to dominate the market during the forecast period. The same segment is projected to witness the fastest CAGR of 7.0% from 2022 to 2031. This is because millennials and GenZ population tend to spend more on beauty and skincare essentials. Also, the growing e-commerce, social media platforms, and blogs to promote new skincare brands are together responsible for the market growth.

Asia-Pacific to achieve the largest revenue by 2031

Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than two-fifths of the global maternity & personal care market and is likely to maintain its dominance during the forecast timeframe. This is owing to the rising consumer spending on beauty and personal care products and an increase in the penetration of beauty products in this region. However, the market in North America is likely to show the fastest CAGR of 7.2% during the forecast period. This is due to the increasing product penetration, an increase in marketing initiatives, and rising per capita expenditure in the region.

Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/31834

Leading Market Players:

Edgewell Personal Care
Jubiliant Ingrevea
Kaya Ltd.
Unilever plc
Proctor & Gamble Co.
Johnson & Johnson
Amoralia
Mama Mio Inc.
Seraphine
Destination Maternity Corporation

The report analyzes these key players of the global maternity & personal care market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

Trending Reports in Consumer Goods Industry (Book Now with 10% Discount):

Maternity Activewear Market Opportunity Analysis and Industry Forecast 2021-2030
Maternity Wear Market Opportunity Analysis and Industry Forecast 2023-2030
Pregnancy Pillow Market Opportunity Analysis and Industry Forecast 2021-2030
Period Care Market Opportunity Analysis and Industry Forecast 2021-2031
Period Panties Market Opportunity Analysis and Industry Forecast 2023-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/consumer-goods
Follow Us on Blog: https://www.dailyreportsworld.com