by The diaper bag has evolved from a basic nappy holder to a convenient carryall for parents on the go. Diaper bags now come equipped with insulated bottle pockets, changing pad holders, extra pockets for toys and snacks, as well as straps long enough to be worn across the body like a messenger bag. They are designed to be lightweight, easy to clean, and space-efficient to accommodate all the essential baby care and entertainment items needed throughout the day. Parents appreciate the hassle-free organization that diaper bags provide when travelling between home, daycare, grocery stores, parks, and wherever else life with a little one may lead.
The global diaper bag market is estimated to be valued at US$ 705.97 Mn in 2024 and is expected to exhibit a CAGR of 2.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Insulated compartments and removable changing pads are two key trends gaining traction in the diaper bag market. As parents spend more time on the go with infants and toddlers, the need for temperature-controlled bottle and snack storage is rising. Diaper bags are addressing this through the use of insulated interior pockets. Removable changing pads are also being incorporated to provide a clean, contactless surface anywhere changes are needed. Reusable, machine-washable changing pads help reduce waste and promote more sustainable bag designs. Along with convenience features, consumers also demand stylish and durable materials, contributing to innovation among diaper bag brands.
Porter’s Analysis
Threat of new entrants: Low barriers to entry. Established brands have strong brand loyalty and market share.
Bargaining power of buyers: High number of substitutes and bargaining power. Buyers can choose from various options at different price points.
Bargaining power of suppliers: Many suppliers exist for raw materials. Suppliers have lower bargaining power.
Threat of new substitutes: High threat from other baby bags and alternatives that are cheaper or more innovative.
Competitive rivalry: Intense competition among existing major players to capture more market share.
Key Takeaways
The global diaper bag market is expected to witness high growth. The market size for 2024 is projected to reach US$ 705.97 Mn, indicating steady expansion.
Regional analysis: North America currently dominates the global diaper bag market, accounting for over 30% revenue share in 2023. This is attributed to high awareness levels and increased spending on baby care products in the region. Asia Pacific is expected to grow at a CAGR of around 3% during the forecast period, led by China, India and other developing nations.
Key players: Key players operating in the diaper bag market are Carter’s, Inc., Sanrio Co., Ltd., Graco, J.J Cole Collections, SUNVENO, Trend Lab, LLC, OiOi, Arctic Zone & California Innovations Inc., Petunia Pickle Bottom, Storksak, Ju-Ju-Be, and Amy Michelle. Major players are focusing on new product launches and strengthening their distribution channels to increase market share.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
