The Latest Most Hydrating Body Wash Explained
The body wash & shower gel market size was valued at $18.9 billion in 2020.
The statistic that the body wash and shower gel market size was valued at $18.9 billion in 2020 represents the total monetary value of all sales in this market for that particular year. This figure indicates the significant economic importance and consumer demand for body wash and shower gel products. It reflects the collective spending of consumers on these personal care items, highlighting the size and potential growth of the industry. Such statistics are crucial for businesses operating in this market, providing valuable insights for decision-making, market analysis, and strategic planning to capitalize on opportunities and optimize performance in the competitive landscape of the body wash and shower gel industry.
The global body wash & shower gel market is expected to grow at a CAGR of 7.6% from 2021 to 2028.
This statistic indicates that the global body wash & shower gel market is forecasted to experience a Compound Annual Growth Rate (CAGR) of 7.6% over the period from 2021 to 2028. This growth rate represents the average annual growth rate of the market during this time frame. A CAGR is often used to provide a more accurate representation of growth compared to simple annual growth rates, as it considers the cumulative effect of growth over multiple years. Therefore, this forecast suggests a significant and consistent expansion in the body wash & shower gel market over the next seven years, reflecting increasing demand and market opportunities within the industry.
The organic segment of body wash & bath shower market held 30% of the global share in 2020.
This statistic indicates that the organic segment of the body wash and bath shower market had a significant presence, holding a 30% share of the global market in 2020. This suggests a growing preference among consumers for organic and natural products within the body care industry. The data highlights the increasing demand for cleaner and environmentally friendly personal care products, as more consumers prioritize health and wellness concerns in their purchasing decisions. Companies operating in this market may benefit from focusing on developing and promoting organic offerings to capture a larger share of this market segment.
By 2027 the global body wash market size is expected to reach more than $25 billion.
The statistic stated predicts that by the year 2027, the total size of the global body wash market is anticipated to surpass $25 billion. This projection suggests a significant growth in the market over the coming years, indicating increasing consumer demand for body wash products worldwide. Factors such as rising disposable incomes, evolving beauty and hygiene trends, aggressive marketing strategies, and product innovations are likely to drive this market expansion. Businesses operating in the body wash industry could benefit from this forecast by investing in research and development, effectively marketing their products, and expanding their market reach to capitalize on the projected growth opportunities in the global body wash market.
About 70% of women use a body wash instead of soap in the U.S as of 2017.
The statistic “about 70% of women use a body wash instead of soap in the U.S. as of 2017” indicates that the majority of women in the United States preferred using body wash over traditional bar soap for personal hygiene at that time. This data suggests a significant shift in consumer behavior towards liquid body wash products as opposed to the more traditional soap bars. The trend could be attributed to factors such as convenience, perceived effectiveness, fragrance options, and marketing strategies by companies promoting body wash products. This statistic provides insight into changing preferences and habits in personal care routines among women in the U.S. as of 2017.
References
0. – https://www.www.globenewswire.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.statista.com
