The hair shampoos market in Singapore has shown fluctuations over the past decade, with the market value standing at $84.793 million USD in 2023. Historical data reveals significant growth between 2013 and 2015, followed by a period of stabilization and minor declines. The market experienced a negative growth trend from 2018 to 2020, yet rebounded slightly post-2021, displaying modest growth up to 2023. The forecast indicates a steady growth up to $89.156 million USD by 2028, with a 5-year CAGR of 0.79% and an overall growth rate of 4.02%.
Future trends to watch for include:
- Increased demand for natural and organic shampoos.
- Emerging trends in personalized hair care products.
- Potential impact of technological advancements in hair care formulations.
- Market implications of consumer preferences shifting towards eco-friendly packaging.
- The influence of digital and social media marketing on consumer purchasing behaviors.