Bath and body products are part of everyone’s daily routine for a lot of reasons: hygiene, benefits such as the effects of various ingredients, and even for topical health concerns. They are essential as they allow people to be the best version of themselves and gives a boost in confidence – not only in women but also in men. They help prepare everyone with their physical appearance, and that takes on another level to their overall presentation of themselves.
A surprising aspect of bath and body products is their importance and impact to the economy. Since people are so used to these products as a daily part of their lives, it can be easy to forget and fail to realize this, but one study found out that bath, body and beauty products (as a group) control about $20 trillion in annual consumer spending globally.
But this is just the beginning. Experts predict that, within the next five years, it will rise to as high as $28 trillion, and this isn’t exclusive to one part of the world. In fact, this is the same scenario in any part of the world where bath, body and beauty products are seen in abundance.
Read more on this surprising find with this infographic: