USD 44.78 billion
Report ID:
SQMIG30L2207 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
120
|Figures:
77
Bath And Shower Products Market size was valued at USD 44.78 billion in 2019 and is poised to grow from USD 47.02 billion in 2023 to USD 72.94 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).
The bath and shower segment has grown tremendously and the US accounts for the highest revenue of more than US$ 9 billion in the year 2021. The bath and shower products have witnessed tremendous growth of 10% over the past couple of years. Bathing products such as soup and bathing gels are a fundamental part of all human beings and have developed a lot over the past. Increasing concerns about body odor are increasing the demand for fragrance bathing products. These body baths and soap are added with essential oils, moisturizers, and glycerin that are essential for keeping the skin hydrated and healthy while providing a wonderful experience to the user. The bath and shower segment of 40gm soap has witnessed a handsome growth as compared to large bathing products. Ease to use and mobility of small soaps are major reasons for this growth and increasing unhygienic conditions and pollution will propel the growth of the bath and shower product market during the analysis period.
US Bath And Shower Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 44.78 billion
Largest Segment
Bath Soaps
Fastest Growth
Bath Soaps
Growth Rate
5% CAGR
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Global bath and shower products market is segmented on the basis of type, distribution channel, form,end use, and region. Based on type, the Bath and Shower Products Market is segmented into Bath Soaps, Body Wash, Shower Gel, Bath Additives, and Other Soaps. Based on distribution channels, the Bath and Shower Products Market is segmented into Hypermarkets, Supermarkets, Convenience Stores, Online Stores, and Other Distribution channels. Based on end user, the Bath and Shower Products Market is segmented into men and women. Based on form, the Bath and Shower Products Market is segmented into Solid, Gels & Jellies, Liquids, and others. Based on region, the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Bath and Shower Products Market Analysis by Type
The bath and shower product market is divided into bath soaps, body wash, shower gel, bath additives, and other soaps. The bath soaps held the largest market share of around 39.70% of the global bath and shower product market in the year 2021 and are expected to retain the same through the analysis period. Better usability with low cost and affordability is the key factor for the dominance of the bathing soap segment in the developing economies and other small regions globally. Solid bathing soap is the most sold product in the segment and dominates the market.
The shower gel and body wash segment are expected to show significant growth in the future as the awareness among youth and the upcoming generation is growing regarding better skincare products. These are gentler to the skin and provide a luxurious experience. All these will push the growth of the bath and shower products market during the analysis period.
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In 2021, the Asia Pacific region accounted for more than 30% of the global bath and shower product market and is expected to dominate through the analysis period. The growing populace in emerging economies like China and India along with increasing awareness regarding hygiene and warm climates are the major reason for this dominance. Rising interests in bathing additives and novel bathing products with herbal formulations including turmeric, aloe Vera, and other essential oil are the major driver of the bath and shower product market in the region.
North America is expected to show tremendous growth in the coming time with increasing demand for luxurious skin care and hygiene essential bathing gel and soaps in the region. The US and Canada are the driving factors with high per capita income and better standard f leaving are some of the major reasons for the rising demand for premium bath and shower products market in the region.
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Bath and Shower Products Market Driver
Increasing Baby care and shower products demand globally.
Bath and Shower Products Market Restraint
The presence of toxic and carcinogenic components and the high cost of natural products are the restraining factors.
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The bath and shower products market is relatively fragmented, with a high level of competition. Few large players, like L’Oréal, Unilever Plc., Johnson & Johnson consumer Inc., and Procter & Gamble, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Bath and Shower Products Market Top Player’s Company Profiles
Bath and Shower Products Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, bath soaps held the largest market share of around 39.70% of the global bath and shower product market in the year 2021 and are expected to retain the same through the analysis period. Better usability with low cost and affordability is the key factor for the dominance of the bathing soap segment in the developing economies and other small regions globally. In 2021, the Asia Pacific region accounted for 33.4% of the global bath and shower product market and is expected to dominate through the analysis period. The growing populace in emerging economies like China and India along with increasing awareness regarding hygiene and warm climates are the major reason for this dominance. Increasing awareness regarding the use of toxic material in bath and shower products and their side effects are encouraging users to demand toxin-free and organic bath and shower products globally.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 44.78 billion |
Market size value in 2031 | USD 72.94 billion |
Growth Rate | 5% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Bath And Shower Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bath And Shower Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bath And Shower Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bath And Shower Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2207
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