Business
Trimax Corporation and Saavy Naturals Inc. Announce Plans to Introduce Its New 100% All-Natural Baby Care Product Line ‘Saavy Baby’ in the First Quarter of 2018
Trimax Corporation and Saavy Naturals Inc. Announce Plans to Introduce Its New 100% All-Natural Baby Care Product Line ‘Saavy Baby’ in the First Quarter of 2018.
About this update from Trimax Corp.
[{"type":"text","content":"\n\n Company Also Reports Continued Record Sales For Its Saavy Naturals Hemp Body Care Line \n Chatsworth, CA, Dec. 27, 2017 (GLOBE NEWSWIRE) -- Trimax Corporation, Inc. (OTC PINK: TMXN) (the “Company”) and its wholly owned subsidiary Saavy Naturals Inc., is pleased to announce plans to introduce its new 100% all-natural baby care product line “Saavy Baby” in the first quarter of 2018. The Company considers the current growth trend in the baby care market along with increased attention and demand for all-natural products for babies, to be perfect timing for the release of the Saavy Baby’s 100% all-natural, vegan, cruelty free, Non-GMO, soy free, palm free, luxurious product line in 2018. The global baby personal care market was valued at around $56 billion (USD) and is expected to grow at an annual CAGR of approximately 7% from 2017 to 2024. The increasing awareness among consumers regarding child hygiene and the growth of the organized retail sector are some of the primary factors driving the increase of the baby personal care market, according to Grandview Research. The baby care personal products market is largely driven by increasing births in developing countries and also due to increasing awareness of consumers about child hygiene. This is further supported by increasing disposable income and the changing lifestyle of consumers in developing countries. Furthermore, couples married and parenting while in their mid-thirties to mid-forties are considered to be more financially stable, thus resulting in higher spending capacity for baby care products. Additionally, increase in number of working mothers globally is also driving the market. This growth is attributed to increased purchasing power and hence, substantially higher spending on baby care products. Among all segments of the baby personal care products market, the baby skin care products and toiletries segments collectively contributed the highest share in terms of revenues. Furthermore, these two segments are expected to witness double-digit growth in terms of revenue in 2017 with a continuation of further growth through 2024. Baby personal care products comprising organic ingredients is also expected to contribute to growth of the baby personal care products market during the forecast period, according to FMI Research. The move toward nat...