According to a new report, published by KBV research, The Global Hotel Toiletries Market size is expected to reach $35.3 billion by 2029, rising at a market growth of 9.8% CAGR during the forecast period.
The Small & Medium Hotels segment is showcasing a CAGR of 10.6% during (2023 - 2029). Small and medium-sized hotels offer affordable, basic services to their visitors. For travelers who are on limited funds, these hotels are a great choice. Leading hotel chains in this segment supply essentials like toiletries because they are concentrating on growth approaches to remain competitive with their rivals.
The Single-use Toiletries segment is leading the Global Hotel Toiletries Market by Type in 2022 thereby, achieving a market value of $21.6 billion by 2029. Single-use toiletries are the most popular product category. Single-use toiletries are increasingly popular due to factors including mobility and easy storage. The hotel industry extensively uses liquid hand soap dispensers and single-use products. Due to its advantages, including increased hygiene & protection from many sorts of contamination, these are employed in high-end hotels, restaurants, and hostels.
The Europe market dominated the Global Hotel Toiletries Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $11.9 billion by 2029. The Asia Pacific market is poised to grow at a CAGR of 10.4% during (2023 - 2029). Additionally, The North America market would witness a CAGR of 9.6% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/hotel-toiletries-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Accent Amenities, Inc., Exotika Guest Amenities, Hancey Cosmetics Co., Ltd., Hara Naturals, Kimirica Hunter International LLP, Pieper Biokosmetik Manufaktur GmbH, SKW Poshline Sdn Bhd, SR Herbal Care, StyleVision Hotel Supplies GmbH, and World Amenities, Inc.
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