The Asia Pacific Luxury Bath And Body Products Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
Luxury bath and body products also have various other advantages. People who work in tough conditions use body lotion on a daily basis or even more frequently. Regular cosmetics can be difficult to address damaged or dried skin caused by wind, cold, or heat. Skin sensitivity is a problem for a majority of people. Their skin can easily become dry and inflamed, irrespective of the type of climate they reside in. After each bath or shower, a good body lotion can help to lock moisture deep in the skin, keeping it nourished and smooth. Even if the consumer has oily or normal skin, they may have rough places on their body, such as around the elbows or knees, which could be benefitted leveraging skin lotion after a bath or before bed. A replenishing lotion may soften rough skin and make it smoother.
Higher demand for luxury bath and body products is aided by the region's growing young population. Novelty items, like fragranced bath products and additives, such as shower gels, are usually more appealing to this age range. In addition, the growing popularity of herbal goods containing aloe Vera, turmeric oil, or extracts of classical Japanese and Chinese medicinal herbs is expected to stimulate demand for bath and shower products in the region. Moreover, the increasing geriatric population of the country is also playing a major role in the increased demand for luxury bath and body products. Higher celebrity endorsement across the region is gaining the traction of a majority of the millennial population. The high influence of the social media networks and increasing endorsement by the companies on these platforms would create demand for such high-quality products.
The China market dominated the Asia Pacific Luxury Bath And Body Products Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,784.7 Million by 2027. The Japan market is exhibiting a CAGR of 7.2% during (2021 - 2027). Additionally, The India market would experience a CAGR of 8.5% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Body Lotions & Creams, Body Oil, Body Washes, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Luxury Bath and Body Products Market is Projected to reach USD 22 Billion by 2027, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Estée Lauder Companies, Inc., Chanel S.A., Aromatherapy Associates (Walgreens Boots Alliance group), Kao Corporation, Diptyque (Manzanita Capital Ltd.), Chantecaille Beauté (Beiersdorf AG), Susanne Kaufmann Kosmetik GmbH, Bamford Ltd., ASC Regenity, Inc. (Augustinus Bader), and Tata's Natural Alchemy, LLC.
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