The market for baby car seats is expected to expand by 4.96% by 2020. Baby strollers and prams, on the other hand, will witness a 5% CAGR by 2020.
Mothers who have nurtured their babies can know better what products and accessory will best suit the baby care segment, which was earlier ruled by big players, now is open for those who can make a business out of this niche sector.
The market for baby car seats is expected to expand by 4.96% by 2020. Baby strollers and prams, on the other hand, will witness a 5% CAGR by 2020. The increasing income in households and the increasing need for baby products due to high birth rates are fueling the growth of the baby care market in India every day.
Here are 5 best business ideas for mompreneurs to try their business skills in:
The global Educational Baby Toys market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025.
There lies a huge scope for mompreneurs who can make a lot of business out of this wealthy market.
According to market estimates, the organized baby wear market in India is estimated at around Rs 35,000-40,000 crore.
There are not many options in kids wear category when one looks at the Indian market, which makes it one of the least concentrated market.
According to India Baby Food Market Overview, the Indian baby food market is anticipated to represent a CAGR of more than 15% during forecast period.
Due to constant cases of adulteration and food safety issues, there is huge scope for organic baby food segment, which has not been touched yet.
Baby Care Products:
The chemically infused products are not only harmful to baby skin but for every skin type, which is why mompreneurs would know better how to take care of the tender baby skin.
This sector has been mainly dominated by big players and no one can question their quality, to make the herbal or organic product that suits baby skin, mompreneurs can try their skills in nurturing coming generations.
This is the age of beautifying and decorating self, how can babies be left behind. The growing culture of baby photoshoots, smartphones, social media craze has made way for a segment to grow parallel and that is baby accessories.
The material choice and safe for baby skin can only be taken care of by a mother, which is why mompreneurs can also try their business skills in developing this segment.