Hotel Toiletries Market Is Estimated To Witness High Growth Owing To Rising Tourism Industry

The hotel toiletries market is estimated to be valued at US$ 23.55 Bn in 2024 and is expected to exhibit a CAGR of 10.2% over the forecast period 2024- 2031, as highlighted in a new report published by Coherent Market Insights.

According to the United Nations World Tourism Organization (UNWTO), the number of international tourists increased by 4% in 2021, reaching 1 billion, and is expected to continue increasing in the coming years. The growth of the hotel toiletries market is driven by the growing tourism industry across the world.

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Key Market Trends:

• Trend of shrinking hotel toiletries packaging: To meet increasing demand from frequent business travellers and Millennial hotel operators are therefore focusing on offering small travel toiletries. The lightweight packaging makes it easy for travellers to carry essential toiletries while traveling. This trend is gaining widespread attention among hotel operators.

• Sustainable and eco-friendly hotel toiletries: Consumers are increasingly opting for natural, chemical-free products. Make hotels Offering sustainable, eco-friendly toiletries made from organic and vegan ingredients. Leading hotels offer plastic-free amenities to reduce carbon emissions.

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Hotel Toiletries Market Opportunities and Takeaways

• By product type:

Shampoo and conditioner section – Shampoo and conditioner segment will hold the largest market share, reaching 30% by 2024. Growing tourism industry and increasing business travel. This has increased the demand for quality hair products from both hotels. Luxury hotels offer premium quality shampoos and conditioners to attract customers and enhance their experience.

• For use:

Soap and shower gel group – The bath soap and gel segment is expected to grow significantly during the forecast period. The increasing focus on personal hygiene and hygiene among populations around the world has led to an increase in demand for soap and toiletries in two hotels. The hotel provides organic herbal soaps and bath water to meet customer demand for natural products.

Key Market Takeaways

• The global hotel toiletries market is expected to register a CAGR of 10.2% during the forecast period 2024-2031 due to the growing hospitality industry across the world.
• The shampoo and conditioner segment is expected to occupy a dominant position due to high demand from tourists and business travelers across product categories.
• Depends on usage these hotels are expected to form an important part of the business hotel segment as they host a large number of business events and conferences. When considering the region North America is expected to hold a dominant position during the forecast period. With a major hotel chain and the busiest airport in the region.

Key players operating in the hotel toiletries market include:

Unilever PLC., Accor S.A., Hyatt Hotels Corporation, Marriott International Inc., Hilton Worldwide Holdings Inc., etc. These players focus on providing organic, herbal and eco-friendly products. To capitalize on growing consumer demand for sustainable products.

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