The hair care market in Latvia reached a value of 9.8331 Million Euros in 2023. The market showed fluctuations from 2013 to 2023, with a notable rebound starting in 2021. Year-on-year growth was 3.01% in 2023, while the five-year CAGR was 2.79%. This indicates a modest, yet positive, growth trend in recent years.
Future trends to watch for include:
- Consumer preferences shifting towards sustainable and organic hair care products.
- Increasing demand for innovative products targeting specific hair concerns.
- Potential market expansion driven by digital sales channels and personalized care solutions.
How does Latvia rank in Hair Care Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 484,240,000 | 2023 | -2.12% | +1.12% | View data |
| 2 | 2 Spain | 364,700,000 | 2023 | -2.31% | +2.77% | View data |
| 3 | 3 France | 283,320,000 | 2023 | -2.75% | -3.08% | View data |
| 4 | 4 Poland | 97,318,000 | 2023 | -1.59% | -1.59% | View data |
| 5 | 5 Greece | 94,283,000 | 2023 | -2% | +0.99% | View data |
| 10 | 10 Bulgaria | 25,063,000 | 2023 | +0.58% | +1.86% | View data |
| 11 | 11 Lithuania | 14,762,000 | 2023 | +0.49% | +2.85% | View data |
| 12 | 12 Latvia | 9,833,100 | 2023 | +3.01% | +2.79% | |
