The Lithuanian soap market reached a value of 29.353 million USD in 2023. Over the last decade, the market demonstrated fluctuations, with significant growth between 2016 to 2019, averaging a Compound Annual Growth Rate (CAGR) of 6.55%, followed by slow growth in the subsequent years. The last two years showed minimal growth rates, with slight increases of 1.85% and 1.78% in 2022 and 2023, respectively.
Future trends to watch for include:
- Increasing demand for eco-friendly and organic soap products.
- Technological advancements in the manufacturing process.
- Impact of consumer preferences shifting toward sustainable products.
- Potential effects of global economic conditions on consumer spending.
| # | 52 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 1,657,200,000 | 2023 | +4.14% | +5.44% | View data |
| 2 | 2 United Kingdom | 1,148,200,000 | 2023 | -0.26% | +0.39% | View data |
| 3 | 3 Germany | 1,113,300,000 | 2023 | +0.59% | -0.38% | View data |
| 4 | 4 France | 1,070,200,000 | 2023 | -0.84% | -1.46% | View data |
| 5 | 5 Canada | 1,029,900,000 | 2023 | -1.1% | -1.46% | View data |
| 42 | 42 Sri Lanka | 36,029,000 | 2023 | +2.02% | +2.01% | View data |
| 43 | 43 Togo | 30,607,000 | 2023 | +2.61% | +2.99% | View data |
| 44 | 44 Lithuania | 29,353,000 | 2023 | +1.78% | +2.68% | |
| 45 | 45 Bosnia and Herzegovina | 22,597,000 | 2023 | -0.44% | -1.42% | View data |
| 46 | 46 Mauritius | 19,510,000 | 2023 | -0.44% | -0.25% | View data |
