From 2013 to 2023, Madagascar's per capita market size for pre-shave, shaving, and aftershave preparations saw slight fluctuations. Starting at $0.013 in 2013, it showed minor changes, with a low of $0.0095 in 2020. By 2023, the value stabilized at $0.01. The past five years have seen stability, yielding a flat compound annual growth rate (CAGR) of approximately 0%. The past two years also presented no significant changes, maintaining consistency from 2022 to 2023.
Looking forward, the market may experience gradual growth due to increasing urbanization and a rising middle class. Innovations and sustainability trends in personal care might drive market expansion if adequately addressed in product development.
