The global bath bombs market Growth Accelerated by Rising Demand for At-Home Spa Experience
Bath bombs are compact spherical bombs made from fizzing
ingredients that dissolve to release essential oils, fragrances and colorants
when dropped in water. Bath bombs are widely used for relaxation and to ease
joint pain. They help relieve stress and tension after a long and tiring day.
The global bath bombs market is estimated to be valued at
US$ 138.36 billion in 2023 and is expected to exhibit a CAGR of 4.0% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The growing demand for at-home spa experiences amid the COVID-19 pandemic has
accelerated the growth of the bath bombs market over the recent past. Lockdowns
and social distancing measures imposed during the pandemic restricted people's
movement and led to closure of spas and wellness centers. This prompted many
consumers to recreate the spa experience at home using bath and body products
such as bath bombs. Innovative offerings such as scented bath bombs that
produce soothing aromas have become increasingly popular for at-home self-care
rituals. Leading bath bomb brands have expanded their product lines focusing on
unique fragrances and therapeutic ingredients to capitalize on the rising
demand.
Segment Analysis
The global bath bombs market is segmented by product type, pack material,
distribution channel, and geography. Based on product type, the bath bombs
market is segmented into herbal, non-herbal. The herbal segment dominates the
market as herbal bath bombs provide several skincare benefits such as
moisturizing, anti-inflammatory, and cleansing due to the presence of essential
oils.
The global bath bombs market is expected to witness high growth over the forecast period owing to the rising trend of self-care among consumers globally. The global bath bombs market is estimated to be valued at US$ 138.36 billion in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030.
Regional analysis: North America dominates the bath bombs market and is expected to maintain its dominance during the forecast period. The market growth in North America can be attributed to high consumer spending on personal care and bathing products in countries like the US and Canada. Moreover, a highly innovative and competitive market landscape has ensured an easy availability of a wide range of bath bomb products in North America.
Key players: Key players operating in the bath bombs market are 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. Lush Ltd. is one of the leading players in
bath bombs market and offers a wide variety of herbal as well as non-herbal
bath bombs made from natural oils, butters, and essential oils at affordable
prices. Body Shop International Limited also has a strong presence in bath
bombs market and focuses on innovative products with natural ingredients for
skincare benefits.
Comments
Post a Comment