Is selling children’s clothes profitable?
According to a recent report from market research firm Mintel, baby clothing has a market share of 16.1%, with the infant apparel segment being the third largest in terms of penetration.
Moreover, the global baby clothing market size is estimated to reach $200 billion by 2025.
The baby clothing market in the United States has experienced steady growth over the past few years, with an estimated 11.7% market share in 2020.
According to a Statista report, the baby clothing market share in Australia was estimated to be 5.1% of the overall apparel market in 2020.
This market share has grown steadily over the past few years and is expected to remain strong as parents continue to prioritize purchasing quality clothing for their children.
Revenue in the Baby Clothes segment amounts to US$42.51bn in 2023. The market is expected to grow annually by 2.62% (CAGR 2023-2027). In relation to total population figures, per person revenues of US$5.53 are generated in 2023.
Can you make money making baby clothes?
Market share for baby clothing is further complicated by the presence of a wide variety of brands, retailers, online stores, specialty boutiques, and other outlets that sell these items.
In addition to this complexity, market share can also vary greatly depending on the season, region, and other factors. Nevertheless, some of the major players in the baby clothing market include Carter’s, Disney Baby, The Children’s Place, and Gerber.
The future of the baby clothing market looks bright as more people are having children and there is growing demand for comfortable yet stylish clothes for these young one skey players that are making an impact in this space.
With the right combination of products, pricing, and marketing strategies, businesses can tap into a lucrative segment of the apparel industry.