The hotel toiletries global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hotel Toiletries Market, 2024 The hotel toiletries global market report 2024
Market Size –
The hotel toiletries market size has grown rapidly in recent years. It will grow from $19.01 billion in 2023 to $21.32 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to rising disposable income, rising guest experience expectations, the continuous growth of the hotel industry, the growth of the luxury hotel segment, and an increase in business travel.
The hotel toiletries market size is expected to see rapid growth in the next few years. It will grow to $33.84 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to increasing awareness about hygiene and personal care, growing environmental consciousness, rising tourism, growth of online travel booking platforms, rise in the growth of the hospitality sector. Major trends in the forecast period include increasing demand for eco-friendly and biodegradable packaging, incorporation of locally sourced and artisanal products, adoption of smart dispensers and digital platforms, demand for personalized amenities, growing preference for high-quality, natural toiletries.
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Scope Of Hotel Toiletries Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hotel Toiletries Market Overview
Market Drivers –
The increase in international travel is anticipated to stimulate growth in the hotel toiletry market. International travel involves crossing national borders for various purposes, and its rise can be attributed to factors such as digital nomadism, cultural influences, flexible travel policies, and increasing disposable incomes. This trend boosts the number of luxury and boutique hotels that typically offer premium toiletries to meet travelers’ expectations. According to UN Tourism, a specialized agency of the United Nations, about 285 million tourists traveled internationally in the first three months of 2024, marking a 20% increase from the same period in 2023. Therefore, the rise in international travel is driving growth in the hotel toiletry market.
Market Trends –
Major companies operating in the hotel toiletries market are developing plant-based hotel amenities to cater to the growing demand for sustainable and eco-friendly options. Plant-based hotel amenities are toiletries and personal care products primarily created from natural, plant-derived materials to reduce environmental impact and appeal to the preferences of environmentally conscious tourists. For instance, in June 2023, Verden, a UK-based natural fragrance brand, launched Verden luxury guest supplies. These amenities include hand and body wash, hand and body balm, shampoo and conditioner, bath oil, reed diffusers, and candles. All products are available in the best-selling D’Orangerie fragrance, an uplifting and sophisticated blend of citrus and orange blossom that appeals to discerning luxury hotel guests. They offer products in 500-ml bottles made from 99% post-consumer plastic and 5-liter refills, with secure, lockable wall brackets for hotel and restaurant bathrooms. The amenities feature 100% natural fragrances and are 100% vegan and cruelty-free.
The hotel toiletries market covered in this report is segmented –
1) By Type: Hair Care Products, Skin Care Products, Shower Products, Dental Products, Other Types
2) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Specialty Stores, Pharmacy And Drug Stores, Online Retail, Other Distribution Channels
3) By Application: Small And Medium Hotels, Luxury Hotels
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Regional Insights –
Europe was the largest region in the hotel toiletries market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hotel toiletries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Johnson & Johnson Services Inc., Unilever PLC, L’Oreal, Reckitt Benckiser Group, Beiersdorf AG, L’Occitane, Rituals Cosmetics Enterprise B.V., Aveda, Byredo, Dr Bronner’s Magic Soaps, Molton Brown Limited, Penhaligon’s Ltd., Gilchrist & Soames, Beekman 1802, Le Labo, ADA Cosmetics, Acca Kappa, JSR Amenities Private Limited, Accent Amenities Inc., Exotika Guest Amenities, C.O. Bigelow, Pharmacopia Natural Bodycare, Prija
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