From 2013 to 2023, Belgium's soap market size value per capita declined from $15.13 to $10.41, reflecting a steady downward trend. Between 2022 and 2023, there was a modest decrease of around 2.16%. Over the last two years (2021-2023), the market experienced a slight 1.70% decline. The compound annual growth rate (CAGR) over the last five years (2018-2023) shows an average decline of approximately 1.86% per year, highlighting a continuous decrease in per capita spending on soap.
Future trends to watch for include:
- Potential shifts toward natural and eco-friendly products, which could reverse the decline or create new growth avenues.
- Innovations in product formulations and packaging attracting consumer interest.
- Economic conditions impacting consumer purchasing power and, consequently, per capita spending on toiletries.
| # | 52 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 36.59 | 2023 | View data | ||
| 2 | 2 Norway | 30.26 | 2023 | View data | ||
| 3 | 3 Canada | 28.93 | 2023 | View data | ||
| 4 | 4 Guatemala | 26.94 | 2023 | View data | ||
| 5 | 5 Netherlands | 21.39 | 2023 | View data | ||
| 23 | 23 Sweden | 11.06 | 2023 | View data | ||
| 24 | 24 Lithuania | 10.71 | 2023 | View data | ||
| 25 | 25 Belgium | 10.41 | 2023 | |||
| 26 | 26 Peru | 9.76 | 2023 | View data | ||
| 27 | 27 Bulgaria | 9.66 | 2023 | View data | ||
