From 2013 to 2023, the sold production of soap and detergents in Belgium experienced fluctuations, standing at 931.84 million kilograms as of 2023. Notably, the period saw significant variations, with a major spike in 2019 and continued growth in subsequent years. The average year-on-year growth for the last two years is 1.28%, with a compound annual growth rate (CAGR) of 8.18% over the past five years, peaking with the sharp increase in 2019.
Looking forward, from 2024 onwards, the forecast predicts a steady upward trend, culminating in 988.15 million kilograms by 2028. The forecasted annual average growth rate for the next five years is 0.93%, reflecting a stabilized yet positive growth trajectory.
Future trends to watch for include:
- Potential market saturation and its impact on growth rates.
- Technological advancements leading to more concentrated or effective products.
- The influence of regulatory changes on production levels.
- Shifts in consumer preferences towards more eco-friendly and sustainable products.