国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Policies

Mom, baby products rise in lower-tier cities across the country

By FAN FEIFEI | China Daily | Updated: 2020-05-11 09:28
Share
Share - WeChat
A mother plays with her child outside in Nanjing, Jiangsu province. [Photo/Sipa]

The country's maternal and infant products market is expected to grow steadily over the next decade due to rising demand from young parents pursuing high-end lifestyles, particularly in lower-tier cities.

Data from Chinese e-commerce giant JD showed people born in the 1990s, who account for 70 percent of consumers of maternal and baby products on the platform, have become a major force in the category. They are willing to buy trendy products and are less price-sensitive.

They also prefer to watch livestreamed content and short videos. In the maternal and infant products segment, the viewing time for livestreamed programs and short videos increased 135 percent year-on-year in the first quarter on JD. First-quarter sales driven by livestreams increased 417 percent year-on-year.

Market sources said demand for baby products during the COVID-19 pandemic has been high. Sales of daily necessities for babies, such as infant formula and diapers, increased 10 times on a yearly basis on JD. First-quarter sales of health-related baby products increased 600 percent year-on-year.

JD has become one of the largest retailers of many maternal and baby brands such as Wyeth, Kao, Unicharm, Frisco, Nestle, Abbott, Danone and Pigeon. Sales of more than 50 mother and baby brands surpassed 100 million yuan ($14.1 million) in 2018.

Feng Yi, vice-president of JD and president of consumer goods department under JD Retail, said the company will continue to help brands develop consumer-to-manufacturer or C2M products that can better meet the specific demands of consumers.

JD will also develop omnichannel solutions, leverage its smart supply chain and attract new customers in lowertier markets.

According to a report from Chinese research firm CBNData and Tmall Baby, the consumption growth from third-to fifth-tier cities is higher than that from first-and second-tier cities.

The per-consumer transactions of maternity dresses, toys and baby strollers in lower-tier cities are improving significantly amid consumption upgrade.

Sales revenue from the maternal and infant products market in China is expected to reach 3 trillion yuan this year, according to data of Beijing-based internet-based consultancy Analysys.

The whole industry will likely maintain a 20-to 30-percent annual growth rate in the next 10 years.

The size of China's mom and baby products industry continues to grow, in part because the family planning policy of the 1979-2015 period that allowed married couples to have only one child, has been replaced by a two-child policy in 2016, said Brady Ni, vice-president of Nielsen China.

"With the rise of New Retail, or the integration of online and offline sales platforms, it is foreseeable that retail competition will intensify. As markets turn fiercely competitive where discerning consumers abound, brands will seek to distinguish themselves by improving product quality, burnishing their reputation, and building awareness," Ni said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
汉寿县| 西藏| 沙洋县| 岳阳市| 屏南县| 瓦房店市| 兰溪市| 宽城| 安龙县| 武汉市| 克东县| 吉木乃县| 南木林县| 仙桃市| 陈巴尔虎旗| 仙游县| 涞源县| 耒阳市| 红桥区| 古丈县| 南开区| 湘潭市| 东丽区| 定南县| 贺兰县| 七台河市| 千阳县| 新巴尔虎左旗| 台湾省| 闵行区| 廉江市| 临泽县| 涟水县| 贺州市| 和硕县| 阿巴嘎旗| 开封市| 兴文县| 霍城县| 河东区| 嫩江县|