The personal deodorants and antiperspirants market in Belgium showed notable growth from 2012 to 2014, with values rising from $178.6 million to $203.25 million. However, the market saw a significant decline in 2015 by 8.18% and continued to struggle through 2016 with a 13.62% drop. Despite minor rebounds in 2017 and 2018, the trend remained negative overall. The market experienced fluctuations further, with a notable decrease during 2019-2020 possibly due to external factors affecting consumer behavior. The compound annual growth rate (CAGR) over the last five years showed an overall decline of 0.69%, indicating a gradual contraction of the market.
Future trends to watch for include:
- Increasing consumer preference for natural and organic products.
- Technological advancements in formulation for better efficacy and skin-friendliness.
- Heightened consumer awareness and demand for eco-friendly, sustainable packaging.
- Potential market recovery post-pandemic as normalcy returns to consumer routines.
How does Belgium rank in Personal Deodorants and Antiperspirants Market Size Value?
| # | 59 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,091,500,000 | 2023 | +0.93% | +0.98% | View data |
| 2 | 2 United Kingdom | 1,026,800,000 | 2023 | +1.06% | -1.85% | View data |
| 3 | 3 Germany | 779,790,000 | 2023 | -0.32% | -0.98% | View data |
| 4 | 4 France | 675,390,000 | 2023 | -0.52% | -1.07% | View data |
| 5 | 5 Spain | 454,760,000 | 2023 | +1.84% | -1.19% | View data |
| 15 | 15 Australia | 195,060,000 | 2023 | -2.29% | -2.77% | View data |
| 16 | 16 Romania | 185,260,000 | 2023 | +1.86% | +0.94% | View data |
| 17 | 17 Belgium | 158,950,000 | 2023 | +0.2% | -1.77% | |
| 18 | 18 Peru | 144,950,000 | 2023 | +0.77% | +1.14% | View data |
| 19 | 19 Guatemala | 140,580,000 | 2023 | +2.51% | +0.32% | View data |
