The Lithuanian hair care market reached a value of 14.762 million Euros in 2023, following a decade of fluctuations. The market experienced significant declines from 2013 to 2016, with a notable recovery from 2018 onwards. Despite minor setbacks in subsequent years, the hair care market has shown resilience, with a modest year-on-year growth of 0.49% in 2023. The compound annual growth rate (CAGR) over the past five years stands at 2.85%, indicating a positive trend.
Future trends to watch for:
- Increased demand for organic and natural hair care products as consumers prioritize health and sustainability.
- Growth in e-commerce and online retail channels impacting sales dynamics.
- Potential influence of global economic changes on consumer spending within the hair care sector.
How does Lithuania rank in Hair Care Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 484,240,000 | 2023 | -2.12% | +1.12% | View data |
| 2 | 2 Spain | 364,700,000 | 2023 | -2.31% | +2.77% | View data |
| 3 | 3 France | 283,320,000 | 2023 | -2.75% | -3.08% | View data |
| 4 | 4 Poland | 97,318,000 | 2023 | -1.59% | -1.59% | View data |
| 5 | 5 Greece | 94,283,000 | 2023 | -2% | +0.99% | View data |
| 9 | 9 Croatia | 25,585,000 | 2023 | +0.068% | +0.94% | View data |
| 10 | 10 Bulgaria | 25,063,000 | 2023 | +0.58% | +1.86% | View data |
| 11 | 11 Lithuania | 14,762,000 | 2023 | +0.49% | +2.85% | |
| 12 | 12 Latvia | 9,833,100 | 2023 | +3.01% | +2.79% | View data |
