$184.8bn
$XX.Xbn
524k
18,946
$XX.Xbn
The Baby Product Manufacturing industry in China produces a range of products, such as baby food, clothing, toys and skincare products. The industry has grown steadily over the past five years. Industry revenue is expected to increase at a CAGR of 0.8% over the five years through 2023, to $184.8 billion, increasing by 3.7% from 2022. China's one child policy, which was relaxed in November 2013. China's Two-child and Third-child policy was implemented comprehensively in 2015 and 2021. This has encouraged parents to spend as much as they can on baby rearing. Additionally, China's growing economy has stimulated demand for baby products. In particular, higher living standards have created a stable foundation for medium and high-end baby products. The post-85s and post-90s have entered the birth peak period. These young mothers are more dependent on online information and consumption, which has promoted the development of the industry. However, the slower birth rate has lowered down the growth rate of the industry. Affected by the rising production costs from raw materials and safe manufacturing, industry profitability is expected to decrease to 6.5% in 2023.Many foreign brands have entered the growing Chinese market and established branches and distribution networks. The majority of people, especially those in first- and second-tier cities, prefer foreign brands as they are regarded as safer and of higher quality. Regulated and encouraged by the state, the quality of domestic goods has got constant improvement, gradually replacing some of the imported products. Imports are expected to decrease at a CAGR of 3.3% in the five years to 2023. In 2023, imports are expected to account for 3.9% of domestic demand.Over the next five years through 2028, industry revenue is forecast to grow at a CAGR of 4.4% to $229.2 billion. The Chinese government has been placing more focus on the domestic market and industries such as baby product manufacturing. The government is encouraging companies to produce higher quality goods to receive more government assistance. As one of the largest product segments in the industry, baby food, especially milk powder, is likely to be increasingly regulated. Additionally, advanced technology will be applied in baby products to support the comprehensive development and the sound growth of infants.
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $184.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
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There are no companies that hold a large enough market share in the Baby Product Manufacturing in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Baby nutrition and food, Baby clothes and Baby toys. Baby nutrition and food is the largest segment of the Baby Product Manufacturing in China.
Baby nutrition and food are the largest product segment
This industry manufactures a range of products, including food, clothing, diapers, cots and toys used by babies from birth to three years old. Products that specifically target new mothers are not included in the industry.
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Income increases and concept transformation stimulate industry development. Residents’ rising income and child-rearing concept transformation drive greater demand for high-en...
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Baby nutrition and food are the largest product segment. Nutrition is extremely important, and baby nutrition and food account for 35.1% of industry revenue.
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This industry mainly concentrated in prosperous regions. High levels of economic development and large populations contribute to the business layout.
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Safety guarantee help enterprises to stand out. Safety is the foremost factor guiding purchases of baby products.
Learn about the performance of the top companies in the industry.
Competitiveness of domestic enterprises have increased. Some domestic enterprises like China Feihe Limited, Hangzhou Babycare Industrial Co., Ltd. and Winner Medical Co., Ltd...
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The capital intensity level will increase. More automated equipment will be applied in the industry, and the investment on technologies and new product R&D will increase.
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Profit margins have decreased. The rising raw materials prices and intensifying competition narrowed down profit margins of the industry.
Including values and annual change:
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Key data sources in China include:
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These sources include:
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The market size of the Baby Product Manufacturing industry in China is $184.8bn in 2024.
There are 18,946 businesses in the Baby Product Manufacturing industry in China, which has grown at a CAGR of 2.2 % between 2019 and 2024.
The market size of the Baby Product Manufacturing industry in China has been growing at a CAGR of 0.8 % between 2019 and 2024.
Over the next five years, the Baby Product Manufacturing industry in China is expected to grow.
Baby nutrition and food and Baby clothing are part of the Baby Product Manufacturing industry.
The level of competition is moderate and increasing in the Baby Product Manufacturing industry in China.