‘Rainbow Bath Bombs’ Could be as Big as ‘Rainbows’ in a Year
More Bath Bath Bombs could be on the horizon as soon as 2018, according to some experts who predict the world could see an explosion in the number of bath bombs sold.
“We’ve been saying that we think we’re at the peak of a bubble,” said Steve Gorman, an analyst with Wedbush Securities.
“The market is at a point where it’s like, what the hell are we doing?”
The problem, he said, is that people have grown accustomed to buying bath bombs at a premium.
“They have to be worth $50,000,” he said.
“That’s how much they’re going to sell for.
The bath bombs aren’t going to be $100,000.”
Gorman said the bubble has been burst.
“There are a lot of bath bomb buyers who are still holding out on bath bombs.
They’re just waiting to see if they’ll be able to get a discount on the bath bomb they are selling for,” he told CNNMoney.
“I think it’s going to take a while for the market to recover.”
Groran said the rise of bath bombing has already had a ripple effect on other markets.
The New York Stock Exchange has lost almost half its market value in the past year, according To The Wall St Journal.
And in recent months, bath bomb sales have spiked in Europe.
A surge in popularity in Russia, for example, has led to an influx of bathbomb makers there.
In Japan, the number is now more than 50% higher than last year, with bath bombs now sold at an average price of $4,000, Gorman added.
And while many countries are trying to stamp out bath bomb use, the world is not the only place the phenomenon is taking hold.
In Russia, which has seen an explosion of bath-bomb use, a recent survey found that two-thirds of bathtubs have been used.
“It’s definitely a global phenomenon,” said Igor Ponomarev, head of research at Moscow-based Russian bath and body shops.
“Some people think that bath bombs are something for rich people.
We’re talking about normal people.”
Some of those people might be paying a premium to get their hands on bath bomb supplies.
In August, a luxury bath bomb company in the United States called D&G International said it was planning to make bath bombs in bulk.
“Bath bombs are not cheap,” D&GR President Jim McInerney told CNN.
“But they’re really good.
They make a difference in your mood.
They don’t make you sleepy.”
The company said the company would be selling up to 10 million bath bombs per day by October.
The new bath bomb makers are not the first to use bath bombs to boost sales.
Bath bombs have been around for years, but the new products may give bath bomb fans more options in a market where demand for the products has been sluggish.
According to The Wall Stratton Group, the bath bombs market will likely grow at a much faster rate than that.
It said bath bomb consumption is expected to hit a five-year high in 2018, and could reach 20 million by 2020.