Research And Markets announced a report on the global bath and shower market, saying that a new milestone has been reached in 2022 with the market size at US$ 47.6 Billion. By 2028, that market size is predicted to reach US$ 63.4 Billion, with a CAGR of 4.7% during this growth period.
According to the report, the global bath and shower products market achieved a significant milestone in 2022, with a market size of US$ 47.6 Billion. The market is expected to expand to US$ 63.4 Billion by 2028, reflecting a commendable Compound Annual Growth Rate (CAGR) of 4.7% during the period 2023-2028.
Within the bath and shower market, products range from cleaners to exfoliators, all providing personal hygienic care, according to a PR Newswire article. These products help moisturize the body, reduce muscle stress, and leave skin feeling clean and vigorous. These types of products are made with a multitude of ingredients and can come in many forms. For example, there are "gels, bars, oils, creams, sprays, powders, and lotions."
The key driving factors for the bath and shower market include an increased desire and focus towards individual hygienic care influenced by rising income levels and personal awareness, higher demand for natural and organic hygiene products, and the spread of the COVID-19 pandemic. During lockdowns and quarantines, prevention of COVID was and is a high-priority factor, driving the demand for hygienic products, especially those that are made organically or naturally. Likewise, online distributors have supplemented the increase in this market, according to PR Newswire.
Research and Markets, the world’s largest market research store, provided the report on the global bath and shower market. They offer data and insight for over 450 clients and 800 different industries and markets. Research and Markets was founded in 2002, and it is headquartered next to the Guinness Brewery in Dublin, Ireland. They cover multitudes of industries, from "Automotive to Telecommunications to Zoology and (almost) everything in between!"