The United States hotel toiletries market size was USD 4.58 billion in 2021 and is anticipated to reach USD 11.41 billion by 2029, exhibiting a CAGR of 12.45% over the forecast period. The rise can be attributed to the growing product demand owing to its ability to influence guest experience in hotels.
Report Coverage:
The report gives a comprehensive analysis of the major trends that are set to drive the business scenario across various regions. It further provides an insight into the key factors influencing the market expansion over the forthcoming years. The additional elements of the report include vital steps taken by major industry participants for consolidating their market position.
Drivers and Restraints:
Growing Product Adoption Due to Increasing Consumer Awareness Regarding Health & Hygiene
Recent years have recorded an escalating awareness regarding health and hygiene. This is mainly being driven by changing lifestyles, surging health risks, and increasing awareness regarding the need for personal care. The increasing hygiene consciousness is expected to surge the demand for various products, impelling the U.S. hotel toiletries market growth.
However, huge quantities of plastic are generated due to hotel toiletries. Liquid soaps, conditioners, shampoos, and other products packaged in plastic bottles can become waste after usage and pose a threat to the environment. These factors are likely to hamper industry growth to a certain extent.
Segments:
Single-use Toiletries to Gain Traction Due to Convenient Storage and Portability
Based on type, the market is segregated into dispensers and single-use toiletries. Of these, the single-use toiletries segment is anticipated to register commendable expansion over the forecast period. The surge can be credited to an array of factors, including convenient storage and portability. On the basis of region, the market is segmented into South U.S., Northeast U.S., West U.S., and Middle West U.S.
Ordinary Hotels Segment to Record Lucrative Growth Owing to the Availability of Basic Services in Economical Price Range
By application, the market is subdivided into ordinary hotels and luxury hotels. The ordinary hotels segment held the largest share in 2021 and is expected to record substantial expansion over the forecast period. This is attributed to the fact that ordinary hotels offer basic services to their clientele in an economical price range. Hotels are an ideal option for travelers who are budget-conscious.
Rеаѕоnѕ to Get thіѕ Rероrt:
- A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
- Data on market value for each section and sub-segment
- Indicates the region and market segment that is likely to expand the fastest and dominate the market.
- The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
- The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
Regional Insights:
West U.S. to Emerge as Prime Region Driven by Growth in the Tourism Sector
The West U.S. hotel toiletries market share is set to register a commendable surge through the analysis period. The surge is mainly being impelled by the growth in the tourism and hospitality industry, particularly across the U.S. states, including Washington, Idaho, Hawaii, Montana, Utah, and California.
Some of the other contributors to market growth comprise the Northeast U.S., Middle West U.S., and South U.S. The industry growth in the South U.S. can be attributed to escalating government investments in the tourism sector.
Competitive Landscape:
Market Players Launch New Products to Sustain Industry Position
Key hotel toiletries companies in the U.S. are focusing on the adoption of a series of strategic initiatives such as mergers, acquisitions, and partnership agreements. These moves are being undertaken for the consolidation of their industry position. Some other steps include growing participation in trade conferences and increasing interest in research activities.
