Overview and Scope
The luxury bath and body products are high-quality products intended for bathing and body care purpose. These products feel relaxing and luxurious due to high-quality ingredients used during manufacturing and generally cost high.
Sizing and Forecast
The luxury bath and body products market size has grown rapidly in recent years. It will grow from $16.7 billion in 2023 to $18.51 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to beauty and personal care industry growth, premium ingredients, influence of spa culture, product innovation, gifting culture, retail environment.
The luxury bath and body products market size is expected to see rapid growth in the next few years. It will grow to $28.12 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to focus on natural and organic ingredients, globalization and access to brands, rise of beauty subscription boxes, e-commerce boom, niche and specialty brands. Major trends in the forecast period include digital engagement, spa and resort collaborations, innovative packaging design, sustainable and eco-friendly products, digital influencer marketing.
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Segmentation & Regional Insights
The luxury bath and body products market covered in this report is segmented –
1) By Product: Body Oil, Body Lotions & Creams, Body Washes, Other Products
2) By Distribution Channel: Online, Offline
North America was the largest region in the luxury bath and body products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury bath and body products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for luxury products such as lotions, shower gels, and body wash is propelling the growth of the luxury bath and body products market. The luxury products refer to the lather well, smell wonderful and look lovely by the bath. The market is being driven by rising self-care trends and rising demand for luxury products such as lotions, shower gels, and body wash. For instance, according to the luxury report 2021 by Bain & Co., the demand for luxury products grew by 13% to 15% to EUR 1.14 trillion ($1.34 trillion) in 2021. Thus, the increasing demand for luxury products is expected to boost demand for luxury bath and body products during the forecast period.
Key Industry Players
Major companies operating in the luxury bath and body products market report are The Estée Lauder Companies Inc., Chanel Limited, Kao Corporation, Tiffany & Co, Burberry Group PLC, Hugo Boss AG, Lancaster Group S.A., Marc Jacobs International LLC, Davidoff & Cie. Fine Tobacco AG, Calvin Klein Inc., Chloé SAS, Escada AG, Roberto Cavalli SpA, Philosophy (skincare brand), Bamford Watch Department Limited, Tata Harper Beauty LLC, Aromatherapy Associates Ltd., Augustinus Bader Ltd., Chantecaille (UK) Ltd., Diptyque Parfums, Jil Sander GmbH, Joop! Parfumerie GmbH, Kylie Cosmetics LLC, Lacoste S.A., Massey Medicinals LLC, Miu Miu SpA, SKKN by Kim Kardashian, This Works Products Limited, Bathing Culture Inc., Onsen Secret Inc.
The luxury bath and body products market report table of contents includes:
1. Executive Summary
2. Luxury Bath And Body Products Market Characteristics
3. Luxury Bath And Body Products Market Trends And Strategies
4. Impact Of COVID-19
5. Luxury Bath And Body Products Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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