In Belgium, the solid soap market (not for toilet use) experienced a consistent decline in value from 2013 to 2023, dropping from 39.448 million USD to 30.434 million USD. The most recent data from 2023 reflects a slight year-on-year decrease of 1.53%. Despite a marginal uptick in 2021, the compound annual growth rate (CAGR) over the past five years indicates a 1.98% annual decline. This persistent downtrend highlights a shift in consumer preferences or potential market saturation.
Future trends to watch for include:
- Emergence of eco-friendly and organic solid soap products aligning with sustainability trends.
- Impact of increased digital marketing strategies on consumer awareness and sale patterns.
- Potential market shifts due to regulatory changes in the beauty and personal care industry.