The hair shampoo market in Iceland saw steady growth between 2013 and 2023, peaking at 11.558 million USD in 2023. Although there was a decline in 2020, the market showed resilience, with a positive year-on-year growth since then. The compound annual growth rate (CAGR) over the past five years was 1.8%, indicating moderate market expansion.
Future trends to watch for include:
- Increasing interest in eco-friendly and natural products, potentially boosting niche market segments.
- Technological advances in product formulation that could drive consumer interest and market growth.
- Potential impacts of economic shifts on consumer spending power possibly affecting demand.
How does Iceland 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 |
| 54 | 54 Cyprus | 17,194,000 | 2023 | -1.64% | -1.51% | View data |
| 55 | 55 Mauritius | 14,237,000 | 2023 | +1.22% | +1.83% | View data |
| 56 | 56 Iceland | 11,558,000 | 2023 | +1.64% | +1.8% | |
| 57 | 57 Namibia | 7,527,200 | 2023 | -0.071% | +0.12% | View data |
| 58 | 58 Montenegro | 7,108,300 | 2023 | -0.98% | -0.44% | View data |
