The solid soap market in Cameroon, valued at $20.394 million in 2023, has experienced fluctuations over the past decade. Notable declines occurred from 2013 to 2015, followed by a recovery in 2016. Between 2018 and 2023, stability returned with minor year-on-year variations, highlighting a mature market. The modest 0.45% CAGR from the past five years indicates slow growth, likely due to market saturation and competition from liquid soaps.
Trends to watch:
- The gradual shift towards eco-friendly and natural products might drive niche market growth.
- Innovation and diversification in solid soap offerings could expand consumer interest.
- Economic factors and urbanization may influence future demand and distribution channels.