From 2013 to 2023, Latvia's personal deodorants and antiperspirants market has fluctuated, peaking in 2018 before stabilizing around $15 million USD by 2023. The period was marked by significant shifts, including notable growth in 2017 and 2020, followed by declines, yielding a negative average annual growth rate over the last five years. In 2023, the market is valued at $15.044 million USD, registering a minor 0.11% growth year-on-year, indicating relative stagnation.
Future trends to watch for:
- Increasing consumer preference for natural and eco-friendly products.
- Potential market recovery driven by demographic changes or economic improvements.
- Influence of online retail trends changing how deodorants are marketed and sold.
How does Latvia rank in Personal Deodorants and Antiperspirants Market Size Value?
| # | 59 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,091,500,000 | 2023 | +0.93% | +0.98% | View data |
| 2 | 2 United Kingdom | 1,026,800,000 | 2023 | +1.06% | -1.85% | View data |
| 3 | 3 Germany | 779,790,000 | 2023 | -0.32% | -0.98% | View data |
| 4 | 4 France | 675,390,000 | 2023 | -0.52% | -1.07% | View data |
| 5 | 5 Spain | 454,760,000 | 2023 | +1.84% | -1.19% | View data |
| 48 | 48 Slovenia | 21,024,000 | 2023 | -4.35% | -3.89% | View data |
| 49 | 49 Estonia | 17,656,000 | 2023 | +2.07% | +0.65% | View data |
| 50 | 50 Latvia | 15,044,000 | 2023 | +0.11% | -2.04% | |
| 51 | 51 Moldova | 11,942,000 | 2023 | +0.94% | +3.02% | View data |
| 52 | 52 Armenia | 10,194,000 | 2023 | -2.16% | -3.69% | View data |
