In 2023, the market size for baby garments and accessories made of cotton in China reached USD 4.6647 billion. Notably, this represents a 1.32% increase from 2022. Over the past decade, the market has seen varying growth rates, with a significant surge of 18.79% in 2015, followed by periods of decline and modest recovery. The 5-year CAGR before 2024 has improved slightly, showing a deceleration in the rate of decline, averaging -0.15% per year.
Looking ahead, forecasts suggest a gradually stabilizing market, with a projected 5-year CAGR of 0.97% from 2024 to 2028, achieving an estimated market size of USD 4.9542 billion by 2028.
Future trends to watch for:
- Sustainability initiatives and increased demand for organic cotton.
- Technological advancements in production and supply chain efficiency.
- Shifts in consumer preferences towards premium quality and branded products.
- Impact of government policies on the textile industry and child welfare.
- Potential disruptions due to economic fluctuations and global trade dynamics.
