Global Bath Bomb Market Growth Prospects, Future Industry Landscape 2033

"The Business Research Company recently released a comprehensive report on the Global Bath Bomb Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The bath bomb market size has grown strongly in recent years. It will grow from $1.45 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to the rising popularity of home spa experiences, increasing consumer interest in luxury personal care products, growing awareness of natural and organic ingredients, the influence of social media and beauty influencers, and the introduction of innovative and diverse bath bomb formulations.

The bath bomb market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing demand for customized and personalized bath products, the expansion of e-commerce platforms, rising consumer preference for eco-friendly and sustainable products, the growth of wellness and self-care trends, and increasing disposable income. Major trends in the forecast period include the adoption of eco-friendly and biodegradable packaging, development in personalized and customized bath bomb formulations, integration of wellness-focused ingredients, expansion into new and innovative scent and color combinations, and heightened focus on vegan and cruelty-free product offerings.

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Market Drivers and Trends:

The growth in the personal care sector is expected to propel the growth of the bath bomb market going forward. The personal care sector provides a diverse range of products and services to improve and maintain an individual's look and personal cleanliness. The growth in the personal care sector is in light due to consumer preferences, e-commerce growth, aging populations, and health and wellness awareness. Bath bombs improve the bathing experience by releasing calming aromas and healthy chemicals, which promote relaxation and stress alleviation. They frequently contain moisturizing ingredients, essential oils, and vitamins, providing multipurpose skincare advantages for those promoting wellness and self-care. For instance, in July 2024, according to a report published by the British Beauty Council, a UK-based organization, in 2023, the personal care sector contributed £27.2 billion ($30.44 billion) to the GDP, marking an 11% rise compared to 2022. This growth is attributed to a 10% increase in household spending on personal care products and services in the UK. Therefore, the growth in the personal care sector is driving the growth of the bath bomb market.

Major companies operating in the bath bomb market are focused on developing advanced products, such as the innovative post-workout bath bomb, to enhance the bathing experience and cater to specific consumer needs, such as muscle recovery and relaxation. An innovative post-workout bath bomb is a specialized bath product designed to aid muscle recovery and relaxation, often formulated for cold water use to soothe soreness after exercise. For instance, in May 2024, Lush, a UK-based provider of beauty products launched 29 new bath bombs, including a post-workout bomb tailored for cold water recovery and a baby-friendly bath bomb featuring a solid shampoo bar. The collection includes an innovative post-workout bath bomb designed for cold water bathing and an adorable baby-friendly option with a mini solid shampoo bar tucked inside.

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Major Key Players of the Market:

Bath & Body Works, Lush, Rituals Cosmetics Enterprise B.V., Crabtree & Evelyn, Kiehl's, Nubian Heritage, Bomb Cosmetics, Herbivore Botanicals LLC, Pacha Soap Co., Dr. Teal's, Bubbles & Balms, Lola Soap, Moon Valley Organics, Charmed Aroma, Cocoon Apothecary, LifeAround2Angels, MION Artisan Soap Co., Soap & Glory, Hugo Naturals, Fizz Fairy Krazycolours Inc., Blackbird Grove, SALUS

Bath Bomb Market 2024 Key Insights:

• The bath bomb market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• Personal Care Sector Growth Fuels Expansion Of The Bath Bomb Market
• Innovation and Sustainability Drive Growth in the Bath Bomb Market
• North America was the largest region in the bath bomb market in 2023

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