PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1357998
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1357998
The U.K. bath bomb cold pressed soaps market is expected to surpass US$ 137.7 million by the end of 2030 and exhibit a CAGR of 5.4% during the forecast period (2023 to 2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 90.1 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.40% | 2030 Value Projection: | US$ 137.7 Mn |
Rising preference of customers to apply essential oils as part of their routine, and benefits associated with essential oils is expected to drastically influence the market growth of bath bomb and cold pressed soaps over the forecast years. Bath bomb and cold pressed soaps hydrate and nourish the skin due to presence of essential oils, which is drastically influencing the demand for bath bombs amongst women. Essential oils present in bath bombs such as peppermint essential oil helps to soothe tired muscle; eucalyptus essential oil provides relief from flu, cold, and sinusitis; and citrus oil gives an energizing feeling
Major ingredients used in bath bombs include a bicarbonate base and a weak acid, which are unreactive in its dry state, but when dissolved in water, they react vigorously and produce its characteristic fizzing in a few minutes. Other ingredients in bath bombs vary considerably but mostly include scented ingredients along with dye to impart color and a pleasant fragrance to bathwater. The increasing population of working women and their preference for aromatherapy and cosmetics for relaxation are expected to be the major drivers of U.K. Bath Bomb and Cold Pressed Soaps Market over the forecast period. For instance, as per the statistics of the Ministry of Labor of the U.K. in the U.K., 15.49 million women aged 16+ were in employment in October-December 2020, down 117,000 from 2019. The female employment rate was 71.8%, down from a record high of 72.4% a year earlier. The male employment in U.K. rate was 80.6%. About 9.61 million women were working full-time, while 5.88 million were working part-time.
The high cost of bath bombs and cold-pressed soaps is expected to restrain the U.K. Bath Bomb and Cold Pressed Soaps Market growth. Bath bombs and cold-pressed soaps are made from organic and natural ingredients, enriched with essential oils and other natural products, which leads to higher prices for bath bombs and cold-pressed soaps than bubble bath liquid soaps and conventional soaps. Thus, the high cost of bath bombs may hamper its adoption and, hence, the growth of the U.K. Bath Bomb and Cold Pressed Soaps Market . Lack of universal directives pertaining to applications of bath bomb and cold-pressed soaps in the U.K. is expected to restrain market growth. Every state in the U.K. has different directives and legislation pertaining to applications of bath bombs and cold-pressed soaps, which in turn discourages investment in the market, thereby restraining U.K. Bath Bomb and Cold Pressed Soaps Market growth.