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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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.
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In the region wise study, the global baby fashion accessories market has been segmented into North America, Europe, Asia Pacific Middle East, Africa and Latin America. Asia Pacific region which includes China, India, Japan, and Australia among the other regions is anticipated to experience the fastest growth during the forecast period due to the rising number of birth rates and changing lifestyle among the population.
Moreover rising living standards with the increase in income, rise in the women working population are expected to boost the growth of the global baby fashion accessories market in the Asia Pacific region. Europe which includes France, Germany, and Italy among the other regions is expected to capture a significant market share due to rising consciousness regarding proper presentation socially among the population. Additionally, North America among the other regions is also anticipated to capture a significant market share due to increased media penetration and inclination towards innovative designs and patterns.