Sales of specialty cleaning and sanitation products in the US experienced varying levels of growth and decline between 2013 and 2023. The peak in sales was in 2014, followed by fluctuations and a notable dip in 2020. As of 2023, the sales volume stood at $5.4189 billion. Year-on-year growth over the last two years indicates a slight decrease in 2023, with a -0.14% change from the previous year, following a positive growth of 5.11% in 2022. The compound annual growth rate (CAGR) over the past five years shows a modest decline, averaging -0.15% per year.
Looking forward, the forecasted data from 2024 to 2028 suggests a continuing but slow decrease in sales, with a forecasted 5-year CAGR of -0.11% and an overall growth rate decline of -0.54% over the five-year period. Trends to watch for include the impact of emerging cleaning technologies, consumer preference shifts towards eco-friendly products, and potential regulatory changes that could affect market dynamics.
