The Latvian hair shampoo market demonstrated fluctuations over the past decade, with the market size valued at 21.115 million US dollars in 2023. Noteworthy changes include a sharp decline in 2014 and 2015, followed by recovery until 2019, which was interrupted by a dip in 2020. From 2021 to 2023, growth stabilized, yielding modest increases. The Compound Annual Growth Rate (CAGR) across the last five years was 0.53%, indicating slow but steady growth.
Future trends to watch include the increasing consumer preference for natural and organic products, potential impacts from eco-friendly packaging initiatives, and evolving e-commerce dynamics offering expansive growth opportunities.
How does Latvia rank in Hair Shampoos Market Size Value?
| # | 61 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 173,650,000,000 | 2023 | +48.25% | +385.32% | View data |
| 2 | 2 United States | 4,244,800,000 | 2023 | +2.55% | +2.58% | View data |
| 3 | 3 Japan | 1,234,400,000 | 2023 | +0.048% | -0.38% | View data |
| 4 | 4 United Kingdom | 1,211,600,000 | 2023 | +1.44% | +1.51% | View data |
| 5 | 5 France | 989,840,000 | 2023 | -0.21% | +1.7% | View data |
| 48 | 48 Dominican Republic | 33,550,000 | 2023 | +1.56% | +1.42% | View data |
| 49 | 49 Bosnia and Herzegovina | 25,336,000 | 2023 | -2.12% | -2.68% | View data |
| 50 | 50 Latvia | 21,115,000 | 2023 | +0.73% | +0.53% | |
| 51 | 51 Slovenia | 19,997,000 | 2023 | -2.83% | -2.62% | View data |
| 52 | 52 Estonia | 19,496,000 | 2023 | +1.82% | +1.97% | View data |
