The Bulgarian shampoo market exhibited fluctuations from 2010 to 2020, with notable growth and declines. After a dip in 2010, the market expanded steadily until 2012, followed by minor contractions and regained momentum in 2015. A decline was observed again in 2017 and 2018, but the market recovered in 2019, ending with a strong growth in 2020. The market value stood at 24.732 million Euros in 2020, highlighted by a 12.08% year-on-year increase. The five-year CAGR until 2020 was 1.42%, indicating moderate growth.
Future trends to watch include the increasing demand for organic and environmentally-friendly products, technological advancements in shampoo formulations, and potential market expansion through online retail channels. Monitoring changes in consumer preferences and regulatory shifts will be crucial for market players.
How does Bulgaria rank in Shampoo Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 526,740,000 | 2023 | +1.35% | +1.04% | View data |
| 2 | 2 Spain | 265,250,000 | 2023 | -2.57% | -0.28% | View data |
| 3 | 3 Greece | 100,300,000 | 2023 | +2.86% | +4.24% | View data |
| 4 | 4 Poland | 80,131,000 | 2023 | -0.14% | +0.33% | View data |
| 5 | 5 Austria | 78,534,000 | 2023 | +4.45% | +3.51% | View data |
| 9 | 9 Hungary | 30,213,000 | 2023 | +5.28% | +8.37% | View data |
| 10 | 10 Slovakia | 24,278,000 | 2023 | +2.54% | +1.94% | View data |
| 11 | 11 Bulgaria | 24,124,000 | 2020 | +12.08% | +1.42% | |
| 12 | 12 Croatia | 19,593,000 | 2023 | -0.27% | -1.3% | View data |
| 13 | 13 Lithuania | 13,888,000 | 2023 | +1.64% | +2.83% | View data |
