The global medicated bath additive market is on the brink of a remarkable surge, projected to grow at an unprecedented rate of 6.6% during the forecast period, according to recent industry analysis. This surge marks a significant leap from its projected value of USD 29.8 billion in 2024, with the market value expected to soar to a staggering USD 56.7 billion by 2034.
The industry demonstrated substantial growth in 2023, reaching a valuation of USD 28.0 billion, laying a robust foundation for a significant upward trajectory in demand and market expansion. This substantial growth underscores a promising future for the medicated bath additive sector, highlighting its potential for dramatic expansion in the years ahead.
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With consumers increasingly prioritizing wellness and self-care, the demand for medicated bath additives is witnessing a surge, driven by their therapeutic benefits and holistic approach to health and well-being. Furthermore, advancements in product formulations and increased awareness about the benefits of medicated baths are expected to fuel market growth exponentially.
Growing demand for therapeutic products that can effectively treat various skin-related ailments and provide multiple benefits, such as stress relief, relaxation, and improved skin health, is driving significant growth in the medicated bath Additive market.
Key Takeaways:
- Herbal bath soaps are popular in the personal care industry, accounting for a 33.2% share of the market value in 2024. This trend can be attributed to the increasing consumer preference for natural and herbal products readily available as bathing Additive.
- Liquid bathing Additive, with a market share of 34.0%, dominate the global market. This trend is expected to continue in the upcoming years due to the extended shelf life of the products and their ability to provide a smooth texture to the skin.
- The bathing Additive market is expected to be led by the bacterial infection segment, which is anticipated to hold a market value share of around 38.9% by 2024. Given the daily increase in bacterial infections, bathing Additive are crucial to safeguard the body against such infections.
- The female bathing Additive market is expected to develop at a compound annual growth rate of 7.4% and reach a 51.1% market value share by 2024. This results from the large corporations involved in the bathing Additive industry with these items.
- As a distribution channel, general store websites dominate the worldwide market for bathing Additive. They are anticipated to persist with a projected CAGR of 6.5% throughout the forecast years, holding a market share of 30.0% in 2024.
For the refinement of skin tone and to tackle skin problems, individuals need consistent care and access to daily-use skincare products. Since the outbreak of COVID-19, people have become increasingly concerned about hygiene. This has led to a significant driving force for the global medicated bath Additive market growth.
Many individuals encounter hormonal imbalance issues due to their luxurious lifestyle. These problems can lead to hair fall, alopecia, and acne on the face. As a result, the market presents a promising opportunity. Hospitals, hotels, and men’s and women’s salons are introducing bathing bars, shower gels, shampoos, conditioners, and other products, which indicate a highly profitable growth potential in the projected period.
“Rising acne, skin-related disease, and hair fall issues due to pollution, hormonal imbalance, chemical contains bathing Additive is set to propel the sales of bathing Additive across the globe,” says an analyst of Future Market Insights.
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Market competition:
The market for medicated bath Additive is highly fragmented, with a wide range of players, varying from regional to established ones. Top players have introduced diverse marketing campaigns to promote the skin-friendly benefits of bath Additive.
The market for medicated bath Additive is growing due to an upsurge in skin-related clinical conditions, female health issues, and pollution rates. Key competitors are introducing a range of new bathing Additive with innovative features to capture customers’ engagement.
- A new Valentine’s Day collection from Lush, including shower jelly (including strawberry shower jelly in the shape of a heart) and bath bombs, was released on January 10, 2023.
- In July 2021, Wipro Consumer Care and Lighting introduced a broad line of shower gels under all its brands. To meet various consumer needs and provide great bathing experiences, the company introduced body wash under the brands Hygienix, Santoor, Yardley, and Aramusk.
Key Companies in the Medicated Bath Additive Market:
- L’Occitane en Provence
- Soothing Touch
- Shanghai Jahwa United Co., Ltd
- Kneipp
- Westlab ltd
- THE MOHER SOAP CO.
- Borghese Inc
- PrettyValley
- Unilever
- Reckitt Benckiser
- L’Oreal Paris
- Himalaya Wellness Company
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Key Market Segments Covered in Medicated Bath Additive Industry Research:
By Product:
- Bath Bombs
- Bath Soaps
- Shower gel
- Shampoo
- Conditioner
- Accessories
By Form:
- Solid
- Gels & Jellies
- Liquid
- Others
By Indication:
- Bacterial Infection
- Fungal Infection
- Parasitic Infection
- Others
By Gender:
- Male
- Female
By Distribution Channel:
- Retail Pharmacies
- Supermarket/Hypermarket
- Online Sales
- General Stores
- Cosmetic Stores
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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