The Hair Care Market in Bulgaria reached a value of 25.063 million Euros in 2023. From 2013 to 2023, the market exhibited fluctuations with both increases and decreases, indicating a somewhat volatile yet resilient market. Notable year-on-year variations included a significant increase in 2015 by nearly 16% and a minor decrease in 2021 by over 3%. The Compound Annual Growth Rate (CAGR) over the last five years stood at 1.86%, reflecting a modest growth trajectory. Recently, the market maintained a slight upward trend, with marginal increases in 2022 and 2023.
Future trends to watch for in the Bulgarian Hair Care Market include:
- The impact of increasing consumer interest in sustainable and organic products.
- The influence of digitalization on marketing strategies and consumer interaction.
- Potential shifts due to economic factors or regulatory changes affecting product formulation.
How does Bulgaria 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 |
| 8 | 8 Slovakia | 33,108,000 | 2023 | +4.61% | +3.43% | 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% | |
| 11 | 11 Lithuania | 14,762,000 | 2023 | +0.49% | +2.85% | View data |
| 12 | 12 Latvia | 9,833,100 | 2023 | +3.01% | +2.79% | View data |
