The hair shampoos market in Mexico exhibited a fluctuating and generally declining trend from 2012 to 2022. Starting at $343.76 million in 2012, the market saw modest growth through 2014, followed by consecutive years of substantial decline. The marked decrease in market value is particularly evident from 2015 onwards, where year-on-year variations became negative, with significant drops in 2015 (-22.58%) and 2016 (-15.85%). The trend continued downward with the market descending to $142.06 million by 2022. Notable changes include a consistent negative CAGR over the last five years, with the highest being -13.72% in 2019 and slowing to -7.6% by 2022.
Looking ahead, future trends to watch for in the hair shampoos market in Mexico include potential market recovery or further decline influenced by economic conditions, consumer preferences shifting towards natural and organic products, and the increasing importance of sustainable packaging. Monitoring technological innovations and marketing strategies will be crucial to understand how the market might evolve in 2024 and beyond.
How does Mexico 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 |
| 33 | 33 Portugal | 121,860,000 | 2023 | -3.21% | -4.03% | View data |
| 34 | 34 Greece | 113,650,000 | 2023 | -2.85% | -4.39% | View data |
| 35 | 35 Mexico | 107,750,000 | 2023 | -15.11% | -11.67% | |
| 36 | 36 Bolivia | 100,150,000 | 2023 | +2.53% | +2.28% | View data |
| 37 | 37 Ireland | 93,489,000 | 2023 | -2.42% | -1.11% | View data |