In 2023, the solid soap market in Iceland, for toilet use, reached a size of 5.7459 million USD. The market has shown moderate growth over a decade with fluctuations in year-on-year values. Despite minor declines in certain years, the market exhibited an overall upward trend, highlighted by a 1.78% increase from the previous year. Over the last five years, the market's compound annual growth rate (CAGR) stood at 1.99%.
Future trends to watch for:
- Increasing consumer preference for eco-friendly and organic products.
- Innovations in product formulations focusing on natural ingredients.
- Potential market fluctuations due to economic factors and consumer trends.
