From 2013 to 2023, Luxembourg's per capita dentifrice market value has consistently decreased from $10.9 to $3.18. Over the past two years, there's been a notable year-on-year decline, with 2022 witnessing an approximate 14.3% drop and 2023 a further 14.3% fall compared to the previous year. The compound annual growth rate (CAGR) over the last five years shows an average annual decrease of about 10%. In 2023, the per capita value stands at $3.18.
Future trends to watch for:
- Potential market stabilization or growth through innovation or shifts in consumer preferences.
- Increasing awareness around dental health could drive valuations upward.
- Monitor economic or demographic changes influencing purchasing power and habits in Luxembourg.
