The Soap (Except Solid Soap) Market in Cyprus saw fluctuating dynamics over the recent decade, where the market size decreased steadily. In 2023, the market was valued at $2.3565 million, marking a significant decline in the recent years. The year-on-year comparison shows a -3.34% change. Over the past five years, the compound annual growth rate stands at -2.8%, indicating consistent pressure on market value.
Future trends to watch for include potential shifts in consumer preferences toward eco-friendly and natural soap products, which may spur innovation and drive market growth. The impact of sustainable practices on production and supply chains might also open new opportunities for expansion.
