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As stated by China National Bureau of Statistics, Chinese parents are spending 30% of their household income on their children. In 2020, the increase in expenditure made China’s Baby Food & Drink Market worth US$ 30.1 billion. A lot of this spending is focused on typical baby feeding and food for small kids. The baby formula…
The baby products market in China is one of the most competitive, and its future looks bright. Chinese parents spend large amounts even before the baby arrives. The demand for innovation in this market isn’t slowing down any time soon. With a fast growth rate, baby products in China are anticipated to expand at a 14.5%…
China: Diaper Market Giant Diaper market giant China has generated US$9,805.00m alone in 2022. The biggest revenu globally! In 2020, the market penetration rate of infant diapers was at 77.1 percent. Increased rapidly from 51.6 percent in 2015. That year, the baby diaper market in China scaled at around 48.6 billion yuan. China’s history with…
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