Luxury Bath And Body Products Market (By Product: Body Oil, Body Lotions & Creams, Body Washes; By Distribution Channel: Online, Offline) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20222030

The global luxury bath and body products market size was valued at USD 13.46 billion in 2021, and is predicted to be worth around USD 30.65 billion by 2030, registering a CAGR of 7.8% during the forecast period 2022 to 2030.

Growth Factors

Increased self-care trends and rising demand for luxury products such as lotions, shower gels, and body wash are driving the market. Furthermore, the increasing number of product launches in the premium category of lotions and creams is projected to attract millennials and youngsters.

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.With a growing focus on luxury and essential body and bath products, an increasing number of companies have been offering a wide range of products in different markets. For instance, in July 2020, Amorepacific Group expanded the offerings of premium body care brand Sulwhasoo in India exclusively with Nykaa. Such product offerings also prompt consumers to buy luxury skincare products, which has been a prominent factor driving the market in the forecast period.

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.

Report Coverage

By Product Analysis

Body lotions and creams held the largest revenue share of over 35.0% in 2021 and are expected to maintain their lead over the forecast period. An increasing number of millennials and Gen Z are willing to pay a premium price for body lotions and creams that contain complexion-improving niacinamide that benefits the skin, offer 24-hour nourishment and hydration, contain essential vitamins like A, C, and E, and restore smooth texture and firmness.

The body oil segment is projected to register the second-fastest growth rate of 8.0% from 2022 to 2030. Aromatherapy is gaining popularity as a medical replacement to relieve symptoms such as pain, anxiety, and insomnia.

By Distribution Channel Analysis

The offline distribution channel held the largest revenue share of over 70.0% in 2021. The increased focus on self-care has driven consumers’ interest in luxury bath products, which has led major offline retailers, including prominent supermarket chains such as Walmart and Costco Wholesale Corporation, that stock and sell a range of luxury products to witness a surge in the sale, which is driving the offline segment.

The online distribution channel is projected to register the fastest CAGR of 10.0% from 2022 to 2030. Online channels have been gaining popularity over the past years owing to the growing prevalence of online shopping across the globe. 

By Regional Analysis

North America held the largest revenue share of over 25.0% in 2021. Manufacturers of luxury skincare products such as Tata Harper and Onsen Secret are focusing on developing sustainable body lotions and butter made of organic ingredients to cater to the changing consumer preferences.

Asia Pacific is expected to register the fastest CAGR of 8.7% from 2022 to 2030. An increasing number of consumers are seeking luxury products for bathing and personal use owing to the spa-style and aromatherapy indulgence that they offer. 

Europe is expected to witness significant growth from 2022 to 2030. The growing trend of natural and organically manufactured products has fueled the consumer demand for luxury bath and body products. 

Key Players

• 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 

Market Segmentation

• By Product

  • Body Oil

  • Body Lotions & Creams

  • Body Washes

  • Others

• By Distribution Channel

  • Online

  • Offline

• Regional

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

The luxury bath and body products market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of luxury bath and body products market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global luxury bath and body products market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the luxury bath and body products market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted luxury bath and body products market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the luxury bath and body products capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of luxury bath and body products by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global luxury bath and body products market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major luxury bath and body products market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of luxury bath and body products market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the luxury bath and body products industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

luxury bath and body products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to luxury bath and body products market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of luxury bath and body products market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new luxury bath and body products market. These factors have benefited the growth of the global market for luxury bath and body products. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for luxury bath and body products. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of luxury bath and body products are as follows:

• History Year: 2019-2021

• Base Year: 2022

• Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.