The Solid Soap Market in Aruba, valued at 2.1538 million USD in 2023, has demonstrated a steady growth over the past decade. With a consistent increase in market size from 2013 to 2023, the market experienced fluctuations, including a decrease in 2020. However, it has generally rebounded, reaching a year-on-year growth of 1.93% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 2.1%, indicating moderate growth.
Future trends to watch for include:
- Potential stabilization or growth in consumer demand post-2023.
- Emergence of eco-friendly and organic products influencing the market.
- Possible impacts from global economic changes and local policies.
