Press release
Luxury Bath And Body Products Market Size Forecasted To Achieve $31.2 Billion By 2029 With Steady Growth
Luxury Bath And Body Products
What Is the Expected Luxury Bath And Body Products Market Size During the Forecast Period?
The market size for luxury bath and body products has been increasing swiftly in the past few years. The growth is expected to continue, with market values anticipated to rise from $18.16 billion in 2024 to $20.02 billion in 2025, marking a compound annual growth rate (CAGR) of 10.2%. The historic growth has been driven by factors such as the overall expansion of the beauty and personal care industry, use of premium ingredients, the impact of spa culture, product innovation, the trend of gifting, and the retail environment.
In the coming years, the market for luxury bath and body products is set for significant expansion, predicted to reach a worth of $31.2 billion in 2029. This showcases a compound annual growth rate (CAGR) of 11.7%. Numerous factors contribute to this expected growth, including emphasis on organic and natural ingredients, widespread globalization and increased brand accessibility, the emergence of beauty subscription boxes, a boom in e-commerce, and the prominence of niche and specialty brands. Key trends for this period are anticipated to include digital customer interaction, partnerships with spas and resorts, inventive packaging design, promotion of sustainable and eco-friendly products, and marketing through digital influencers.
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What Are the High-Growth Segments in the Luxury Bath And Body Products Market?
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
Subsegments:
1) By Body Oil: Aromatherapy Body Oils, Hydrating Body Oils
2) By Body Lotions & Creams: Moisturizing Body Lotions, Anti-Aging Body Creams, Whipped Body Butters
3) By Body Washes: Gel Body Washes, Creamy Body Washes, Exfoliating Body Washes
4) By Other Products: Bath Salts and Soaks, Body Scrubs, Hand and Foot Care Products
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What Key Drivers Are Expected to Influence Future Luxury Bath And Body Products Market Growth?
There is a growing need for high-end products like lotions, shower gels, and body wash, which is fueling the expansion of the luxury bath and body products sector. These luxurious items are highly valued for their delightful scent, luxurious lather, and aesthetically pleasing appearance in the bathroom. The sector is being bolstered by the rising trend of self-care and the growing appetite for luxurious items such as lotions, shower gels, and body washes. ZipDo, a media firm based in Germany, projected that the luxury fashion industry would reach a market volume of $429,762 million by 2025, in July 2023. In 2022, online sales of personal luxury goods are expected to account for 30% of global sales. Additionally, BMW (Bayerische Motoren Werke AG), a luxury car manufacturer, reported a rise in premium luxury car sales of 8.4%, bringing the total to 2,213,795 units - an increase of 9.1% compared to 2021. As such, the rise in luxury product demand is set to enhance the demand for luxury bath and body products in the projected timeframe.
Which Companies Hold the Largest Share Across Different Luxury Bath And Body Products Market Segments?
Major companies operating in the luxury bath and body products market include The Estée Lauder Companies Inc., Chanel Limited, Kao Corporation, Burberry Group plc, Hugo Boss AG, Lancaster Group S.A., Marc Jacobs International LLC, Calvin Klein Inc., Chloé SAS, Escada AG, Roberto Cavalli SpA, Philosophy (skincare brand), Tata Harper Beauty LLC, Aromatherapy Associates Ltd., Augustinus Bader Ltd, Chantecaille (UK) Ltd., Diptyque Parfums, Jil Sander GmbH, Joop! Parfumerie GmbH, Lacoste S.A., Miu Miu SpA, SKKN by Kim Kardashian, This Works Products Limited, Bathing Culture Inc., Onsen Secret Inc.
What Trends Are Driving Growth in The Luxury Bath And Body Products Market?
Leading firms in the high-end bath and body products industry are forming strategic alliances to broaden their range of products, increase brand recognition, and attract new consumer demographics. Luxury foaming body washes are premium personal care items that cleanse and moisturize the skin, while providing a luxuriously frothy lather. As an example, Bryan & Candy Pvt Ltd, a company based in India, teamed up with Indian celebrity Mouni Roy in September 2022 and introduced a Luxury foaming body wash, Bath & Shower Gels, pH 5.5 Bathing Bars, and Fragrant Candles. These products utilize advanced components such as Pentavitin, known for its intense hydration advantages, and Provitamin B5, which intensifies skin moisture and suppleness. Also, the pH 5.5 formula works to maintain the skin's natural equilibrium, encouraging a luminous, healthy complexion. This partnership is aimed at reaching a wider audience in various cities and towns across India, appealing particularly to customers who appreciate luxury and personal care.
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What Are the Emerging Geographies for The Luxury Bath And Body Products Market Growth?
North America was the largest region in the luxury bath and body products market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Luxury Bath And Body Products Market?
2. What is the CAGR expected in the Luxury Bath And Body Products Market?
3. What Are the Key Innovations Transforming the Luxury Bath And Body Products Industry?
4. Which Region Is Leading the Luxury Bath And Body Products Market?
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