Press release
Luxury Bath And Body Products Market Report 2024: Strategies And Recent Developments
The Business Research Company offers in-depth market insights through Luxury Bath And Body Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The luxury bath and body products market size has grown rapidly in recent years. It will grow from $16.7 billion in 2023 to $18.51 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to beauty and personal care industry growth, premium ingredients, influence of spa culture, product innovation, gifting culture, retail environment.
The luxury bath and body products market size is expected to see rapid growth in the next few years. It will grow to $28.12 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to focus on natural and organic ingredients, globalization and access to brands, rise of beauty subscription boxes, e-commerce boom, niche and specialty brands. Major trends in the forecast period include digital engagement, spa and resort collaborations, innovative packaging design, sustainable and eco-friendly products, digital influencer marketing.
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Market Segmentation:
The luxury bath and body products market covered in this report is segmented -
1) By Product: Body Oil, Body Lotions & Creams, Body Washes, Other Products
2) By Distribution Channel: Online, Offline
Major Driver - Surging Demand For Luxury Products Fuels Growth In The Luxury Bath And Body Products Market
The rising demand for luxury products such as lotions, shower gels, and body wash is propelling the growth of the luxury bath and body products market. The luxury products refer to the lather well, smell wonderful and look lovely by the bath. The market is being driven by rising self-care trends and rising demand for luxury products such as lotions, shower gels, and body wash. For instance, according to the luxury report 2021 by Bain & Co., the demand for luxury products grew by 13% to 15% to EUR 1.14 trillion ($1.34 trillion) in 2021. Thus, the increasing demand for luxury products is expected to boost demand for luxury bath and body products during the forecast period.
Competitive Landscape:
Major companies operating in the luxury bath and body products market report are The Estée Lauder Companies Inc., Chanel Limited, Kao Corporation, Tiffany & Co, Burberry Group plc, Hugo Boss AG, Lancaster Group S.A., Marc Jacobs International LLC, Davidoff & Cie. Fine Tobacco AG, Calvin Klein Inc., Chloé SAS, Escada AG, Roberto Cavalli SpA, Philosophy (skincare brand), Bamford Watch Department Limited, Tata Harper Beauty LLC, Aromatherapy Associates Ltd., Augustinus Bader Ltd, Chantecaille (UK) Ltd., Diptyque Parfums, Jil Sander GmbH, Joop! Parfumerie GmbH, Kylie Cosmetics LLC, Lacoste S.A., Massey Medicinals LLC, Miu Miu SpA, SKKN by Kim Kardashian, This Works Products Limited, Bathing Culture Inc., Onsen Secret Inc.
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Top Trend - Premium Body Care Products Reshaping The Luxury Bath And Body Products Market
Major companies operating in the luxury bath and body products market are developing advanced products such as premium body care products to gain a competitive edge in the market. Body care products refer to a category of personal care items designed to enhance the health, hygiene, and appearance of the skin and body. For instance, in April 2021, Olay, a brand of Procter & Gamble Company (P&G), a US-based consumer goods company, launched three new premium collections, showcasing advancements in body care science. The collections include the Cleansing and Renewing Body Care Duo with Retinol, the Premium Exfoliating Body Wash Collection, and the Dermatologist Designed Collection, offering solutions for various skin concerns. Infused with proprietary ingredients such as retinol, deep-sea minerals, and dermatologist-recommended moisturizers, these curated collections aim to deeply hydrate and renew the skin, providing visible transformation from head to toe. The range caters to different skin types and concerns, from dry and stressed skin to itchy, rough, or eczema-prone skin, contributing to Olay's mission of offering curated solutions for fearless and healthy skin.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Luxury Bath And Body Products Market Characteristics
3. Luxury Bath And Body Products Market Trends And Strategies
4. Luxury Bath And Body Products Market - Macro Economic Scenario
5. Luxury Bath And Body Products Market Size And Growth
…..
27. Luxury Bath And Body Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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