Luxury Bath and Body Products Market Size Worth $28.65 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Feb. 14, 2022 /PRNewswire/ -- The global luxury bath and body products market size is expected to reach USD 28.65 billion by 2030, It is expected to expand at a CAGR of 7.9% from 2022 to 2030, according to a new report by Grand View Research Inc. The market is driven by the growing consumer preference for natural or chemical-free products. Millennials have radically reshaped the skincare market as they demand authenticity, a means of self-expression, and a reliance on social media.

Key Insights & Findings from the report:

• North America emerged as the largest regional market in 2021. The rising consumer awareness regarding health and hygiene and the increasing preference for premium sustainable products are likely to fuel the demand for luxury bath and body products in North America over the forecast period.
• By product, the body lotion and creams segment is projected to register the fastest CAGR from 2022 to 2030. Luxury body lotions and creams contain hydrating ingredients like nourishing plant oils, earth-derived butter, and humectants such as hyaluronic acid and glycerin that help in addressing skin concerns like eczema, chronic dryness, and loss of elasticity.
• The online distribution channel is expected to register the fastest growth rate during the forecast period. Online channels have been gaining popularity over the past years owing to the growing prevalence of online shopping across the globe. Consumers across the world are increasingly turning toward online shopping for luxury bath and body products due to the rising visibility of several premium brands.

Read 100-page market research report, "Luxury Bath and Body Products Market Size, Share & Trends Analysis Report by Product (Body Oil, Body Washes, Body Creams & Lotions), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Consumer preference for high-quality products has led to an increase in the willingness to spend a higher amount on luxury bath and body products. Thus, high-priced premium bath and body products are gaining traction in the market. These products contain biologically active ingredients such as ferulic acid and essential oils such as baobab oil, moringa oil, and vitamins, which claim to have a physiological effect on the skin and offer both relaxing and calming benefits to the body.

The application of luxury body washes is an emerging trend as consumers are seeking high-quality and premium products that offer the benefits of aromatherapy in everyday use. Moreover, consumers prefer to pay higher prices for luxury body washes that contain signature fragrances, essential oils, and premium aromatherapy oils, which help in uplifting one's spirits and calming the mind, offer soothing fragrance and deliver aromatic and botanical undertones. Such benefits are likely to drive the demand for luxury body washes in the upcoming years.

The online distribution channel is expected to register the fastest CAGR from 2022 to 2030. As per the data published on India Brand Equity Foundation, in February 2021, several homegrown and foreign luxury beauty brands such as Kama Ayurveda, Forest Essentials, SUGAR Cosmetics, and Kiehl's have recorded more than 50% sales through e-commerce during the pandemic, which is encouraging beauty brands to invest in their online stores. This is anticipated to boost the growth of the online segment during the forecast period. The market is consolidated with the presence of a large number of international players and a few regional players.

Luxury Bath and Body Products Market Segmentation

Grand View Research has segmented the global luxury bath and body products market on the basis of product, distribution channel, and region:

Luxury Bath & Body Product Outlook (Revenue, USD Million, 2017 - 2030)

• Body Oil
• Body Lotions & Creams
• Body Washes
• Others

Luxury Bath & Body Products Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Offline
• Online

Luxury Bath & Body Products Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

List of Key Players of Luxury Bath and Body Products Market

• The Estée Lauder Companies Inc.
• Chanel Limited
• Aromatherapy Associates
• Kao Corporation
• Diptyque
• Chantecaille (UK) Ltd.
• Susanne Kaufmann
• Omorovicza
• Augustinus Bader
• Tata Harper
• Bamford
• This Works Products Limited

Check out more studies related to ammunition types, published by Grand View Research:

• Luxury Hair Care Market - The global luxury hair care market size was valued at USD 19.95 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027. The growing e-commerce retail market is among the key factors fueling the demand for luxury hair care products. In the coming years, online selling techniques such as drop shipping and affiliate marketing are likely to gain momentum.
• Antiseptic Bathing Products Market - The global antiseptic bathing products market size was value at USD 12.55 billion in 2018 and is expected to register a CAGR of 4.5% from the year 2019 to 2025. Increasing awareness about infections such at surgical site, pathogen, nosocomial, clostridium difficile and others, is expected to drive the growth. Need for skin cleansing prior and post surgeries is expected to further drive the market.
• Organic Baby Shampoo Market - The global organic baby shampoo market size was valued at USD 489.3 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2020 to 2027. Increased involvement of women in the workforce is making them more self-sustainable and financially strong, leading to the adoption of quality healthcare products for their babies, which, in turn, is fueling the market growth.

Browse through Grand View Research's coverage of the Beauty & Personal Care Industry

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, US
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Grand View Compass | Grand View Pipeline
Follow Us: LinkedIn | Twitter

SOURCE Grand View Research, Inc.