#Online #Baby #Products #Retailing #Market #Size #projected
New York, United States, Oct. 20, 2022 (GLOBE NEWSWIRE) — The yearly birth rate in India is around 20 million, which highlights the country’s demographic explosion. As a consequence, the demand for baby care products is ever-increasing in the region aided by the increasing disposable income among consumers who are readily buying baby products.
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Unpenetrated Regions Represent the Grand Opportunity Space for the Market
Developing countries delineate an immense potential for any market. Speaking about the online baby products retailing market, developing countries with their established populations, middle-class families, and substantial demand for baby products is forethought to lay plentiful opportunities for the market. However, the huge unfilled gap between adoption rate and its subsequent implementation exists due to limited efforts in exploiting the untapped regions.
An Online Survey Conducted by Red Point in 2018 Suggests that 30% of Consumers Have Bought a Fake Baby Item of Some Sort
E-commerce allow businesses to expand their footprints across the globe. But, malevolent minds find ways to spread filth. The counterfeiters are evident on the e-commerce platforms as they are visibly infiltratating supply chains wanting to list as genuine products on trusted sites. They advertise their counterfeit products on platforms such as eBay, Amazon, or AliExpress, using the stolen original product image. Therefore, the presence of such counterfeit products is impeding the market growth.
The world’s five billion users engage with their phones 76 times a day on average, spending up to 145 minutes online and touching phones for 2,617 times; therefore, companies are shifting to a mobile-first sales strategy to exploit the shopping behavior…
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