E-commerce Toys And Baby Products Market To Grow At 8.1
The global e-commerce toys and baby products market size is expected to reach USD 375.7 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 8.1% from 2021 to 2028. The market growth can be attributed to the growing demand for baby care products from developed and emerging economies. The industry is escalating as a result of various causes, including the resurgence of conventional toys, parents' augmented interest in green toys, and rising awareness regarding the intellectual benefits of building toys. Additionally, manufacturers of these products are dynamically shifting their product offerings by retailing products through e-commerce platforms, such as eBay, Walmart Online, and Amazon, coupled with the introduction of e-stores.
The global e-commerce toys and baby products market size is expected to reach USD 375.7 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 8.1% from 2021 to 2028. The market growth can be attributed to the growing demand for baby care products from developed and emerging economies. The industry is escalating as a result of various causes, including the resurgence of conventional toys, parents' augmented interest in green toys, and rising awareness regarding the intellectual benefits of building toys. Additionally, manufacturers of these products are dynamically shifting their product offerings by retailing products through e-commerce platforms, such as eBay, Walmart Online, and Amazon, coupled with the introduction of e-stores.
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offerings by retailing products through e-commerce platforms, such as eBay, Walmart Online, and Amazon,
coupled with the introduction of e-stores.
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Moreover, online platforms are developed as a cost-effective and viable alternative to physical sales and marketing,
which is positively contributing to the market growth. Change in lifestyle and rising per capita income in the
emerging nations are resulting in an up surge in the demand for these baby items on e-commerce platforms.
Additionally, pioneering toys and activities have become the newest method to pass the time as children occupy
extra time indoors at home. All these factors are expected to drive the market in the coming years.
The strollers type segment is projected to witness decent growth over the forecast period. This growth is credited
to the accumulative demand for these products in developed nations such as the U.K. and the U.S. Besides,
stringent government regulations on the safety standards of these strollers have gained eminence amongst
customers. Europe is anticipated to witness lucrative growth during the forecast period. The reduced rates of these
baby products on e-commerce platforms are appealing to shoppers to choose them over in-store purchases in this
region. The toys and products for infants segment sales contribute more to this market growth in Europe.
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E-commerce Toys & Baby Products Market Report Highlights
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