Analyzing the market size of polishes and creams for footwear or leather in Croatia, the value per capita has continuously decreased from $0.92 in 2013 to $0.65 in 2023. Notable declines were observed in recent years, with a value reduction from $0.68 in 2021 to $0.65 in 2023. The Compound Annual Growth Rate (CAGR) over the past five years is negative, reflecting an average annual decrease, indicative of a contracting market.
Looking ahead, potential trends include:
- Growth in sustainable and eco-friendly leather care products, driven by consumer environmental awareness.
- Expansion of digital channels and e-commerce for leather care product distribution.
- Innovations in product formulations for multi-functional purposes.
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