Luxury Bath And Body Products Market Analysis of Industry Size and Economic Growth By 2030
Luxury Bath And Body Products Industry Overview The global luxury bath and body products market size was valued at USD 14.46 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2022 to 2030. 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 COVID-19 pandemic is likely to slow down the growth of the market in the near term as most of the brick-and-mortar stores were shut down for many weeks. Since many consumers could not have access to the store and the right products of their choice, DIY procedures and home remedies comprising all-natural household ingredients gained popularity, especially in countries such as India, where herbal and Ayurvedic products are already popular. Gather more insights about the ...