The French market for polishes, creams, and similar preparations for footwear or leather is expected to see a steady decline from 15.782 million euros in 2024 to 11.762 million euros by 2028. This represents a year-on-year decrease of approximately 6.45% from 2024 to 2025, 6.83% from 2025 to 2026, 7.28% from 2026 to 2027, and 7.77% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately -6.99%. In comparison, the value in 2023 was higher since the values were still declining.
Future trends to watch:
- Growing consumer interest in sustainable and eco-friendly products may impact demand.
- Changes in consumer spending habits due to economic factors could further influence the market.
- Innovation in material alternatives and technology might shift product preferences.