Bath bombs are fizzy products that dissolve in water to produce colour and scent. When added to bathwater, bath bombs effervesce and release aromatic essential oils and moisturizing ingredients such as milk, honey, and shea butter that soften and nourish the skin. Bath bombs are widely used for relaxation, stress relief, and aromatherapy. The rising awareness about health benefits of natural ingredients is driving the demand for natural and organic personal care products including bath bombs.
The global bath bombs market is estimated to be valued at US$ 138.36 Bn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of the bath bombs market is the rising demand for natural and organic personal care products. Consumers are increasingly preferring natural ingredients in personal care products due to growing health concerns associated with use of chemicals in cosmetics. Bath bombs contain natural ingredients such as essential oils, milk, honey, salt, and clay that not only soften and hydrate the skin but also impart therapeutic benefits. The rising awareness about health advantages of natural ingredients is fueling the demand for natural bath bombs. Further, innovative flavors and attractive shapes and colors of bath bombs attract younger consumers. Manufacturers are differentiating their products by launching innovative product varieties. However, availability of substitutes such as aromatherapy oils may hamper the market growth.
SWOT Analysis
Strength: Bath Bombs are easy to use and offer a relaxing bath experience. They produce soothing aromas and vibrant colors when dropped into warm water. Their ingredients such as essential oils and herbal extracts have calming properties that help reduce stress and anxiety. Bath Bombs also act as moisturizers that leave the skin feeling soft.
Weakness: Certain ingredients used in Bath Bombs like fragrance oils and dyes can potentially cause skin irritation in sensitive individuals. The ingredients list on some Bath Bombs is vague and does not clearly specify the exact amounts of each component. Chemicals used to achieve bright colors could be harmful if extensive safety testing is not conducted.
Opportunity: There is a growing demand for natural personal care products made with high quality, beneficial ingredients. By formulating Bath Bombs using therapeutic organic and wildcrafted herbs, essential oils, and plant butters, brands can capitalize on consumer interest in wellness and self-care. Developing Bath Bombs with different seasonal scents can drive repeat purchases throughout the year.
Threats: Stricter regulations pertaining to the sale of cosmetic products may require Bath Bomb makers to invest more in ingredients sourcing, product testing, and packaging. Low-cost competitors offering similar bath products can capture market share. Environmental risks like plastic pollution from non-biodegradable or poorly labeled packaging may negatively impact some companies.
Key Takeaways
The global Bath Bombs market is expected to witness high growth. The market was valued at US$ 138.36 Bn in 2023 and is projected to reach US$ 154.36 Bn by 2030, expanding at a CAGR of 4.0% during the forecast period.
Regional analysis: North America currently dominates the global Bath Bombs market, accounting for a share of 35% in 2023. This can be attributed to the high disposable income of consumers and growing preference for self-care products in the region. Asia Pacific is expected to be the fastest growing market, expanding at a CAGR of 5.5% between 2023-2030. Rising incomes, urbanization, and expanding millennial population are key factors driving demand in the Asia Pacific region.
Key players: Key players operating in the Bath Bombs market are Lush Ltd., Body Shop International Limited, The Village Company LLC, Pearl Bath Bombs, Hugo Naturals, Level Naturals, Swanky Sweet Pea, Heavenly Bubbles Ltd, The Natural Soap Company, and Oliver Rocket LLC. Lush Ltd. holds the leading market position owing to its wide range of innovative Bath Bomb products inspired by natural ingredients. Body Shop also has a strong market presence globally thanks to its ethical sourcing and eco-friendly formulations. The Village Company LLC is another major player recognized for high quality bath and body care products in the United States.