The Personal Deodorants and Antiperspirants market in Chile was valued at $266.96M in 2023, showing a YoY growth of 0.21% compared to 2022. From 2013 to 2023, the market has seen fluctuating trends, with significant decreases in 2019 and 2020 followed by a sharp recovery in 2021. The CAGR over the last 5 years has been -0.31%, highlighting the market's overall stagnation but a slight recovery trend going forward. Forecasts predict a stable increase, with a 5-year CAGR projected at 0.17% and an overall 5-year growth rate of 0.86% by 2028.
Looking ahead, watch for:
- Consumer shifts towards natural and organic products.
- Technological advancements in product formulations.
- Increasing demand for sustainable and eco-friendly packaging.
- Potential impacts of economic changes on consumer spending.