The global
bath bomb market is estimated to be valued at US$33.04 billion in 2022 and is expected to exhibit a CAGR of 4% over the forecast period of
2023-2031, as highlighted in a new report published by Coherent Market
Insights.
Market Overview:
The bath bomb market offers a variety of products that enhance the bathing
experience. Bath bombs are effervescent balls made from various ingredients
such as essential oils, fragrances, and colors. They release delightful aromas,
vibrant colors, and nourishing properties when dissolved in water, providing a
spa-like experience at home. The market for bath bombs is driven by the
increasing demand for natural and organic products, as consumers become more
conscious of their health and environmental impact. Furthermore, the trend of
self-care and relaxation rituals at home is fueling the demand for luxurious
bath products like bath bombs.
Market Key Trends:
One of the key trends in the bath bomb market is the rising demand for natural
and organic bath bombs. Consumers are increasingly seeking products that are
free from harmful chemicals and are made from natural and sustainable
ingredients. Natural bath bombs, infused with botanical extracts and essential
oils, offer various therapeutic benefits such as stress relief, skin
nourishment, and relaxation. This trend is driven by the growing awareness
about the potential harmful effects of synthetic ingredients found in
conventional bath products. As a result, bath bomb manufacturers are focusing
on developing eco-friendly and toxin-free formulations to cater to this demand
for natural products.
Segment Analysis:
The bath bomb market can be segmented based on product type, distribution
channel, and region.
In terms of product type, the bath bomb market is dominated by organic and
natural bath bombs. With the increasing awareness about the harmful effects of
chemicals in personal care products, consumers are shifting towards organic and
natural products. These bath bombs are made from natural ingredients like
essential oils, herbs, and flowers, which provide a soothing and relaxing
experience. As a result, the organic and natural bath bombs segment is expected
to witness high growth in the forecast period.
In the distribution channel segment, the e-commerce segment is dominating the
bath bomb market. The convenience and ease of purchasing bath bombs online,
coupled with various discounts and offers provided by e-commerce platforms,
have boosted the sales of bath bombs through this channel. Moreover, the
COVID-19 pandemic has further accelerated the growth of online sales, as
consumers prefer contactless shopping. Therefore, the e-commerce segment is
expected to witness significant growth in the coming years.
Key Takeaways:
The global Bath
Bombs Market Share is expected to witness high growth, exhibiting a CAGR of 4% over the forecast period of
2023-2031. The increasing consumer preference for organic and natural bath
bombs is driving the market growth. Consumers are becoming more conscious about
the ingredients used in personal care products, leading to a shift towards
organic and natural alternatives.
In terms of regional analysis, North America is the fastest-growing and
dominating region in the bath bomb market. The presence of key players, growing
consumer awareness about self-care products, and the rising trend of luxury
bathing experiences are driving the market growth in this region. Additionally,
the Asia Pacific region is also expected to witness significant growth, fueled
by the increasing disposable income, changing lifestyles, and the growing popularity
of beauty and wellness products.
Key players operating in the bath bomb market include Lush Ltd., Body Shop
International Limited, The Village Company LLC, Pearl Bath Bombs, Hugo
Naturals, Level Naturals, Swanky Sweet Pea, Heavenly Bubbles Ltd, The Natural
Soap Company, and Oliver Rocket LLC. These key players are focusing on product
innovations, strategic partnerships, and expanding their distribution networks
to maintain their market presence and gain a competitive edge.
Read More,
https://www.newsstatix.com/bath-bombs-market-size-market-share-analysis/
Comments
0 comment