Baby fashion is considered as a cultural and social practice among every parent over the years in order to depict differences in richness, social class, ethnicity or gender. Thus this has resulted in rise in the demand for baby fashion accessories among the consumers. Proper dresses and accessories represent social distinction among the people. Previously baby fashion was considered as a distinctive feature among the social classes. Changing lifestyle and rising per capita income among the consumers has boosted the growth of the global baby fashion accessories market.
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Baby fashion is exploited by the rich classes in order to display power wealth and richness. Thus product innovation in order to develop new products according to the consumer preferences among the manufacturer has resulted in key success over the years. Rising number of women working population in the developed regions such as Europe and North America has triggered the growth rate of the global baby fashion accessories market. The increase in the day care facilities like creches has resulted in rising social pressure upon proper dressing and presentation.
The global baby fashion accessories have been segmented on the basis of different product types and distribution channel. By product type, the market has been segmented into baby clothing accessories, baby winter wear, jewelry, baby hair accessories hats, baby bags, baby hosiery and others. Clothing accessories are popular among the consumers due to continuous peer pressure and way of presentation socially.
Comfort from proper clothing also plays a vital role for the babies. The market has been further segmented on the basis of the distribution channel namely online distribution channel and offline distribution channel. Offline distribution channel has been further segmented into supermarkets, hypermarkets and independent retail stores. The online distribution channel is anticipated to show the fastest growth rate due to its easy convenience and availability. Rising penetration of internet facilities and presence of a large number of brands are creating different options for purchase among the population.
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The global baby fashion accessories market is mainly driven by the increasing women working population and rising organized retail in the developing countries. Rising women working population are inclined towards keeping their child in creches and places with day care facilities. Thus this are resulting in rise in social pressure among the parents in order to present their child properly. However, rising number of counterfeit products due to the significant rise in the unorganized sectors are restraining the global baby fashion accessories market. Additionally, baby fashion shows held in several social events coupled with shifting parents focus towards the proper presentation of their babies are generating opportunities among the manufacturers in order to develop new products.