The Global Bath Soaps Market is projected to grow at a significant rate of 5.1% from 2019 to 2024 to reach a market value of $24.8 billion by the end of 2024. The consumer demand for different types of bath soaps and other bath products are offering lucrative business opportunities to market players, thereby encouraging innovative product launches.
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.
Agarwood essential oil, also, has high medicinal value and is extensively used by Ayurvedic practitioners which is one of the key drivers of agarwood essential oil market growth and expansion. Among all the other species, aquilaria species is the most popular one with a significant contribution towards accelerated revenue generation.