The hair shampoo market in Malaysia has experienced various fluctuations between 2012 and 2022, with a market value standing at $148.86 million USD in 2022. The early years saw consistent growth with year-on-year increases between 4.28% and 4.68% until 2014 but then encountered a sharp decline of -10.67% in 2015. The market recovered with a notable increase of 11.46% in 2016 and continued to experience volatility, including dips in 2017 and 2019.
The market rebounded significantly in 2018 with a 12.58% increase, only to contract again by 4.15% in 2020, possibly due to the pandemic's impact. From 2021 onwards, the market showed a gradual recovery with modest growth rates reaching 0.85% in 2022. Over the last two years, the market showed relative stability with a steady increase in 2021 and a slight rise in 2022. The CAGR over the last five years (2018-2022) stands at 2.56%, suggesting an overall upward trend, albeit with occasional downturns.
Looking forward, key trends to watch include the increasing consumer demand for organic and natural shampoos, the rise of e-commerce as a dominant sales platform, and the growing focus on sustainability by both consumers and manufacturers. Additionally, emerging consumer interest in specialized shampoos targeting specific hair concerns and demographics could shape market dynamics in the coming years.
How does Malaysia 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 |
| 25 | 25 Kazakhstan | 168,340,000 | 2023 | +0.88% | +0.65% | View data |
| 26 | 26 Austria | 164,960,000 | 2023 | +0.76% | +1.64% | View data |
| 27 | 27 Malaysia | 150,080,000 | 2023 | +0.82% | +0.32% | |
| 28 | 28 Norway | 144,090,000 | 2023 | +0.43% | +0.51% | View data |
| 29 | 29 Morocco | 143,160,000 | 2023 | +1.82% | +1.64% | View data |