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Indian Baby Care Market Expected to Grow into 2015
Posted: April 26, 2013
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Joji George, managing director of UBM India said, "The Indian baby care industry is emerging as one of the most lucrative market and has been witnessing phenomenal growth in comparison to the other emerging markets. The market, hitherto considered as a niche segment in the Indian perspective, is now ready for the metamorphism; into a highly potential & fully fledged industry."
Shushmul Maheshwari, chief executive of RNCOS added, "As per our analysis, high birth rate in India, rapidly growing Indian economy and the resultant increase in disposable income, along with the changing socio-economic status of women are the key factors driving growth in the Indian baby care market. Along with this trend, various other strong fundamental drivers discussed and analyzed in the report will enable this industry to sustain its upward growth trend in the coming years."
The research report also mentions that the baby and children care products market is growing fast in line with the retail industry, while it is also expected that large number of companies from the United States and Europe will target India to expand their operations and capture the untapped market.