BATH AND SHOWER PRODUCTS MARKET ANALYSIS

Bath And Shower Products MarketSize and Trends

Market Trend Analysis

Frequent product launches in the field of bath and shower products is one of the key factors boosting growth of this market. Sweat, dirt, and oil is rising concern, especially among the younger population. Therefore, demand for shower gels is increasing. Shower gels are considered as a suitable alternative to bar soaps and they are highly preferred among the young population. Further, the availability of shower gels has become widespread as they find equal presence in supermarkets and hypermarkets alongside with bar soaps. According to Coherent Market Insights, Radox, a brand of shower products owned by Unilever Plc recorded sales of over US$ 70 million in 2014 in the U.K., followed by Imperial Leather, which recorded sales of US$ 50 million in the same year.

Furthermore, demand for soap is also expected to increase over the forecast period. According to the same source, in the soap category Dove accounted for a market share of over 20% in 2016, followed by Dial, which accounted for a share of 16%, and Olay, which held a share of less than 5% in the same year. Demand for soaps is still very high among consumers in the emerging economies, although its market share is expected to witness a decline in the near future on account of rising availability of substitute products such as shower gels and shower creams, among others.

Market Introduction

The global bath and shower products market has witnessed a steady growth over the past few years. This is owing to rising purchasing power of the consumers and increasing product launches by several manufacturers in this industry. Furthermore, several manufacturers are adopting an omni-channel distribution approach for their products, in order to broaden their consumer base. This has also shown a positive growth trajectory for demand for such products. Countries in emerging economies such as India, China, Japan, Brazil, and Mexico are expected to exhibit high demand for bath and shower products on account of rising demand for bath and shower products with multiple benefits such as skin nourishment, skin repair, and moisture therapy among others coupled with improvement in the standard of living of the consumers. Moreover, high competition in this industry has led to adoption of several strategies by market players, such as frequent product launches and lucrative promotional offers, in order to expand customer base and to gain a competitive edge in the market. This has provided customer with varied options, thereby fuelling growth of the bath and shower products market.