The global bath and shower products market size was valued at USD 48.83 billion in 2023 and is projected to grow to USD 70.88 billion by 2030, exhibiting a CAGR of 5.47% during the forecast period.
In maintaining personal health and hygiene, bath products have evolved from simple scrubbing soaps to novel bath salts and gels. Aromatherapy is gaining momentum among consumers supporting the adoption of fragranced bathroom products due to the rising concerns regarding body odor.
This information is provided by Fortune Business Insights™ in its research report titled “Bath and Shower Products Market, 2024-2030.”
Information Source: https://www.fortunebusinessinsights.com/bath-and-shower-products-market-103302
List of Key Players Profiled in the Bath and Shower Products Market Report:
- Unilever (U.K.)
- Colgate Palmolive Co. (U.S.)
- Beiersdorf AG (Germany)
- Henkel AG & Co. KG aA (Germany)
- Natura & Co. Holding S.A. (Brazil)
- Procter & Gamble (U.S.)
- L’Occitane International S.A (Switzerland)
- Lion Corporation (Japan)
- Johnson & Johnson Services, Inc. (U.S.)
- Reckitt Benckiser Group plc (U.K.)
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Drivers and Restraints:
Growing Demand for Baby Products and In-Shower Product Range to Propel Growth
The global demand for baby care products is on the rise as parents prioritize their baby's well-being. Manufacturers are responding by formulating safer products with gentle ingredients to prevent skin irritation. The in-shower products segment is gaining popularity due to its dual functionality, offering both sun protection and moisturization in a single product. However, concerns arise over the presence of harmful substances like 1,4-dioxane or formaldehyde in certain bath products, potentially posing challenges to market growth.
COVID-19 Impact:
Rising Focus on Personal Hygiene during COVID-19 to Drive the Market Growth
The SARS-CoV-2 pandemic skyrocketed the demand for personal cleansing products globally. As the strict lockdown regulations were imposed on the people’s movement during COVID-19, people started stock-pilling everyday consumer goods, which resulted in a shortage of hygiene products in most retail stores.
Segmentation:
Bath Soaps to Hold the Maximum Share Owing to Widespread Availability
Bath soaps, being more affordable compared to other types, are a key driver of market growth. Their lower cost makes them a preferred choice in many developing nations like India, Mexico, and various African countries.
Solid Segment to Dominate the Market Owing to the Huge Range of Products
End-users categorize the market into men and women segments. The women's segment is expected to maintain its position in the market during the projected period due to factors such as the rising number of working women and increasing awareness regarding feminine hygiene.
Supermarket/Hypermarket Segment to Dominate Owing to Easy Purchase
As per distribution, the market is divided into online channels, hypermarkets/supermarkets, convenience stores, and others. The supermarkets/hypermarkets are best for buying household products in bulk, as they offer discounts on the big pouches of shower gel refills and bar soaps.
Regional Insights:
Asia Pacific to Dominate the Market Due to Warmer Climate Condition to Drive the Market Growth
Asia Pacific held the largest share in 2022 and is anticipated to dominate the global bath and shower products market during the projected period. This dominance is credited to growing hygiene awareness and high temperature. The Asian population pays for higher demand for these products. North America is mostly driven by the adoption of shower gel products and the high-cost body was owing to high-income groups in the U.S. and Canada.
Competitive Landscape:
Key Players to Adopt Growth Strategies to Gain a Competitive Advantage
Key players such as Natura, Unilever, Henkel, and Natura & Co., among other key players, adopt key strategies to gain momentum in the market growth. Moreover, the growing popularity among consumers towards vegan and organic bath and shower products offered delivered in recyclable packaging supports its sustainability.
Key Industry Development:
- July 2022: CLEANO2 announced the launch of body bar soap. The launch will help the company in growing its product line and revenue of the company.
