Statistics says that an average person spends a year and a half in the bathroom throughout his/her life, and goes there for an average of six times a day. For this reason, we can say that an average person also spends significantly from using a lot of bath and body products throughout his/her existence, which brings us to the main point of this post: toiletries are one of the biggest contributors to our global economy.
For sure, many, if not all of us cannot even last day without going to the toilet to pamper ourselves and get rid of the of any dirt and human waste in our body. To be able to execute these routines, we often use bath and body products -such as soap, shampoos, exfoliants, as well as lotions, makeups, and sunscreens. All in all, these items will not only help make ourselves clean but also to makes us more neat and presentable to other people as well.
That said, there can be no doubt that these types of the product provide unmatched value to our hygiene and health. However, many of us do not know that the bath and body products have an immense impact on the overall economy. In fact, one study revealed that bath, body and beauty products contribute $20 trillion in annual consumer spending globally. It is also predicted that this amount will continue to rise, reaching as high as $28 trillion in the next five years.
According to a research, this increase in the economic growth of this product niche is influenced by the shifting demographics in the US, which in part also boosted the sales of multicultural and multi-ethnic products, especially in hair products and fragrances.
To sum up, here are the key takeaways from the infographic below which reveals the top bath and body products that not only help us make our body clean and more presentable but also boosts the economy as well.
- The top bath products that give the economy the biggest boost are: Shampoo, conditioners, bath soaps and scrubs, body wash, and toothbrushes and toothpaste
- The top beauty products (skin care and makeup) that contribute the biggest in the economy are Facial washes, toners, serums, masks, face creams, lotions, foundations, lipsticks, mascara and eye shadow palettes.
To learn more, check out the infographic below from Sign Within.