USD 2.42 billion
Report ID:
SQMIG30B2032 |
Region:
Global |
Published Date: August, 2024
Pages:
198
|Tables:
91
|Figures:
72
Global Bath Salt Market size was valued at USD 2.42 billion in 2022 and is poised to grow from USD 2.50 billion in 2023 to USD 3.30 billion by 2031, growing at a CAGR of 3.50% during the forecast period (2024-2031).
The worldwide bath salt marketplace is experiencing vast increase, propelled via numerous key elements. One of the number one drivers is the growing recognition of the therapeutic residences and related blessings of tub salts, main to a growing call for these merchandise. Consumers globally are spotting the blessings of incorporating tub salts into their self-care workouts, contributing to the marketplace's expansion. Another vital growth thing is the desire of a majority of individuals for relaxing at home rather than indulging in luxurious spa treatments at lavish resorts. This shift in customer behavior is driving sales increase on a worldwide scale, with more humans opting for convenient and value-powerful home-based relaxation experiences.
Additionally, the growing focus among consumers about maintaining a wholesome lifestyle has turned out to be a catalyst for the expanded income of bath salt products in recent years, further bolstering the market's upward trajectory.
Global Market Size
USD 2.42 billion
Largest Segment
Granular
Fastest Growth
Granular
Growth Rate
3.50% CAGR
To get more reports on the above market click here to Buy The Report
Global Bath Salt Market is segmented By Product Type, By Price Point, By Form, By End User, By Distribution Channel and Region. Based on Product type , the market can be segmented into Epsom salts, Fertilizer, Bath care, Home care, Others. Based on Price Point, the market is segmented into Premium, Medium, Economy. Based on Form, the market is segmented into Granular, Powder, Coarse, Others. Based on End User, the market is segmented into Infant, Adults. Based on Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Pharmacy/Medical Stores, E-commerce, Speciality Store. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Application
The healing phase is poised for fast sales increase at some point of the forecast duration, driven by the vast use of Epsom salt, a mineral compound renowned for its numerous packages in health and medication. Epsom salt, additionally known as magnesium sulfate, is applied for diverse therapeutic purposes. Besides its oral intake to deal with occasional constipation, it's far drastically employed as a soaking strategy to alleviate aches associated with pain, muscle aches, sprains, bruises, and different ailments.
The fertilizer phase performs a unique and important role in the bath salt market, particularly with products such as Epsom salt. Epsom salt, such as magnesium sulfate, is broadly diagnosed for its programs in agriculture. It serves as a precious supply of magnesium, a critical nutrient for plant boom and improvement. When used as a fertilizer, Epsom salt helps enhance soil nicely via addressing magnesium deficiencies, promoting nutrient absorption, and supporting ordinary planet fitness.
Analysis by Form
The granular category emerged as the dominant segment inside the marketplace in 2022, basically pushed with the aid of the growing demand for sodium mineral tracing. Granular salts play an important role in various applications, mainly within the realm of medication, wherein they're regularly hired to alleviate bodily aches, cramping, and soreness. Recognizable by means of its awesome characteristics from conventional bath salt, granular salt incorporates a variety of minerals.
The coarse segment plays a substantial role within the bath salt marketplace, imparting exclusive traits and blessings to consumers. Coarse bath salts, characterized by larger granules, are recognized for his or her enhanced exfoliating homes. These larger particles make contributions to effective pores and skin exfoliation, disposing of lifeless pores and skin cells and selling improved pores and skin texture. The coarse texture of those bath salts additionally makes them best for indulgent and therapeutic soaks, as they dissolve greater slowly in water, prolonging the showering experience.
To get detailed analysis on other segments, Request For Free Sample Report
North America holds the distinction of being the second one-biggest market percentage contributor, fueled by the expanding use of bath salts in agriculture, particularly exemplified with the aid of Epsom salts. The strong agricultural sectors in nations consisting of the USA and Canada have witnessed a surge in calls for Epsom salt, also called magnesium sulfate. This heightened call for can be attributed to the beneficial houses of Epsom salt in selling plant boom and addressing magnesium deficiencies in soils.
Asia-Pacific is expected to witness the quickest Compound Annual Growth Rate (CAGR) from 2024 to 2031. This accelerated growth may be attributed to the heightened presence of key marketplace gamers which include Bathclin Corporation, Kao Corporation, and others inside the region. The strategic marketplace presence and activities of those key players contribute drastically to the rapid expansion of the bath salt marketplace in Asia-Pacific.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Growing Skin Concerns
Restraints
Availability of Bath Salts Substitutes
Request Free Customization of this report to help us to meet your business objectives.
The competitive environment of the global Bath Salt market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. Bath salt market is anticipated to follow growth with numerous benefits associated with bath salts and endorsement by skin salt specialists and dermatologists. It is recognized that bath salts can have benefits on the skin health, comfort and prevention of skin conditions. Recommendations from dermatologists help boost consumer confidence and consumption of bath salts. Furthermore, the introduction of new fragrances and product development in bath salts plays an important role as important drivers of the market. The new fragrances and cosmetics enhance the overall customer experience, creating demand for bath salts. This trend is expected to continue and contribute to the constant growth of the bath salt market during the forecast period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.42 billion |
Market size value in 2031 | USD 3.30 billion |
Growth Rate | 3.50% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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 Salt 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 Salt 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 Salt Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bath Salt 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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG30B2032
sales@skyquestt.com
USA +1 351-333-4748