The hair shampoos market in Singapore is projected to show a steady increase in value per capita from 2024 to 2028, beginning at $14.79 in 2024 and reaching $15.17 by 2028. The year-on-year growth rates for the forecasted years demonstrate marginal but consistent increases. Compared to 2023, the market indicated observable growth, showcasing a positive trend.
Key variations:
- 2023 to 2024: +0.68%
- 2024 to 2025: +0.68%
- 2025 to 2026: +0.60%
- 2026 to 2027: +0.67%
- 2027 to 2028: +0.60%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 0.65%, indicating stable, moderate market growth over the five-year period.
Future trends to watch for include innovations in shampoo formulations, increasing consumer preference for organic and sustainable products, and the potential impact of demographic changes and urbanization on consumption patterns.