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How Babies Became Luxury’s New Aspirational Category

Parents may be having fewer kids, but they’re not skimping on them. As traditional luxury loses its lustre, premium strollers, carriers and other baby gear are the latest markers of wealth and taste.
A baby and boy wearing Misha & Puff.
Around the world, birth rates have fallen to historic lows but the baby care market is booming, swelling to $23.4 billion in retail value worldwide last year, up from $18.9 billion in 2020. (Misha & Puff)

Key insights

  • Despite declining global birth rates, the baby and maternity market is experiencing a significant shift from volume to value, driving substantial growth in the premium category.
  • Today's parents tend to be older and have more disposable income, and tend to be unwilling to trade down on products geared toward babies and motherhood even amid widespread inflationary pressures.
  • As a result, carriers, strollers and other parenthood accessories are emerging as a new luxury status symbol among affluent parents, potentially redirecting spending from traditional luxury fashion and accessories.

Further Reading

How Indie Brands Are Redefining Maternal Beauty

Once overlooked, pregnancy and perinatal care is becoming an increasingly innovative category. Emerging founders are building global beauty brands rooted in safety, science and emotional connection, proving that “mama care” can be both elevated and enduring.

About the author
Cathaleen Chen
Cathaleen Chen

Cathaleen Chen is Retail Editor at The Business of Fashion. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors.

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