Baby and child-specific products will be the best performing beauty and personal care product over the forecast period. It will register healthy constant value growth, as parents will be loath to cut back on quality of products for their children, even in times of rises prices.
The falling birth rate in Latvia, and the lack of serious action by the authorities to address this demographic trend, is predicted to limit the growth potential over the forecast period. Various unfavourable social and economic factors are set to continue to discourage young adults in Latvia from having babies and starting families, including harsh economic conditions for low-income households and the high rate of emigration among young adults, especially graduates.
Consumers are increasingly concerned about climate change and protecting the environment. This also ties into protecting their children’s health.
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Understand the latest market trends and future growth opportunities for the Baby and Child-specific Products industry in Latvia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Baby and Child-specific Products industry in Latvia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Baby and Child-specific Products
Includes products for babies and toddlers aged 0-3 years and products for children under 11 years of age. Adult products with a secondary claim such as ‘suitable for children and sensitive skins’, are not included.See All of Our Definitions
This report originates from Passport, our Baby and Child-specific Products research and analysis database.
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