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Luxury Bath And Body Products Market Rising Trends, Key Leading Players, Trends Analysis, Industry Share And Forecast To 2033
Luxury Bath And Body Products Market
Luxury Bath And Body Products Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $28.12 billion In 2028 At A CAGR Of 11.0% :
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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Luxury Bath And Body Products Market Major Segments
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
Key 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.
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Prominent Trend - Biotechnical Innovations Transforming Luxury Bath And Body Products Market
The integration of biotechnical innovations with bath products is a key trend in the luxury bath and body products market. Biotechnology is a biology-based technology that uses cellular and biomolecular processes to create technologies and products that improve the lives and the health of the planet. The companies operating luxury bath and body products are focusing on developing innovative products with greater efficacy and effectiveness. For instance, in October 2021, Everist, a single-use plastic-free beauty products manufacturer launched an innovative waterless body wash concentrate. The plant-based, vegan, cruelty-free formula included the goodness of many natural oils and nutrients. The body wash concentrate is water-activated by water with a simple paste-to-lather gesture. Consumers just need to lather the paste on their hands and start cleansing the skin.
Luxury Bath And Body Products Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the luxury bath and body products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury bath and body products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Luxury Bath And Body Products Market Report Structure
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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