Global Luxury Bath & Body Products Market Report 2022

New York, Oct. 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Luxury Bath And Body Products Global Market Report 2022” – https://www.reportlinker.com/p06325401/?utm_source=GNW
Kao Corporation, Susanne Kaufmann, The Honest Company, Inc., Dr Teal and Margot Elena.

The global luxury bath and body products market is expected to grow from $13.28 billion in 2021 to $14.98 billion in 2022 at a compound annual growth rate (CAGR) of 12.8%. The luxury bath and body products market is expected to reach $21.66 billion in 2026 with a CAGR of 9.7%.

The luxury bath and body products market includes sales of luxury bath and body products by entities (organizations, independent traders, partnerships) that are high quality bath and body care products. body. These products provide a feeling of relaxation and luxury due to the high quality ingredients used during manufacturing and at a generally high cost.

The main luxury bath and body products are body oil, body lotions and creams, body washes and other products. Body oil refers to lightweight, nourishing and protective moisturizers.

Body oil penetrates the upper layers of the skin to improve its quality and even out skin tone. Distribution channels for luxury bath and body products include online and offline.

North America was the largest region in the luxury bath and body market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.

Regions covered in Luxury Bath & Body Products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America , the Middle East and Africa.

The Luxury Bath & Body Products Market research report is one of a series of new reports that provide statistics on the Luxury Bath & Body Products market, including market size. Global Luxury Bath & Body Products Industry Market, Regional Shares, Competitors with Luxury Bath & Body Products Market Shares, Detailed Luxury Bath & Body Products Market Segments and the body, market trends and opportunities, and any other data you may need to thrive in the luxury bath & body products industry. This Luxury Bath & Body Products Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Rising demand for luxury products such as lotions, shower gels, and body washes is propelling the growth of luxury bath and body products market. Luxury products refer well to foam, smell good and look beautiful near the bath.

The market is driven by growing personal care trends and growing demand for luxury products such as lotions, shower gels and body washes. For example, according to Bain & Co.’s 2021 Luxury Report, demand for luxury goods grew 13% to 15% to reach 1.14 trillion euros ($1.34 trillion) in 2021. The market was still 9% to 11% lower than before. at 2019 levels, but growth has been steady. Thus, the growing demand for luxury goods is expected to drive the demand for luxury bath & body products during the forecast period.

The integration of biotechnical innovations into bath products is a key trend in the luxury bath and body market. Biotechnology is a technology based on biology that uses cellular and biomolecular processes to create technologies and products that improve the life and health of the planet.

Companies that operate luxury bath and body products focus on developing innovative products with increased efficiency and effectiveness. For example, in October 2021, Everist, a maker of plastic-free single-use beauty products, launched an innovative waterless shower gel concentrate.

The plant-based, vegan, and cruelty-free formula included the benefits of many natural oils and nutrients. The body wash concentrate is water activated with a simple swipe of foaming paste.

Consumers simply lather the paste onto their hands and begin cleansing the skin.

In July 2021, US-based NuWhirl systems corp., a manufacturer of luxury bath products, acquired a luxury bath product line of custom molded products (CMP) for an undisclosed amount. The acquisition would strengthen the company’s position as a premier provider of jet and luxury bath products. NuWhirl’s customer base and capabilities will be significantly expanded. CMP is a European manufacturer of luxury bath and body products for the recreational pool and spa industry.

Countries covered in the Luxury Bath & Body Products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia , South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06325401/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________


        

Comments are closed.