Over the past decade, Malaysia has witnessed a fluctuating trend in the personal deodorants and antiperspirants market. The market size, valued at USD 65.204 million in 2012, experienced minor growth in the subsequent year, followed by a decline in 2014 and 2015. A partial recovery occurred in 2016, but the year 2017 saw a significant drop. This was followed by inconsistent growth, with some recovery until 2022, when the market valued USD 56.893 million. The year-on-year variations have been volatile, with notable decreases in 2015 and 2017, while the last two years showed slight negative growth. The CAGR from 2016 to 2022 stands at a modest 1.4%.
Future trends to watch for include potential market stabilization as consumer preferences shift towards natural and eco-friendly products, increased online sales, and potential growth driven by lifestyle changes post-pandemic. Moreover, innovations in product formulations and targeted marketing may spur market growth ahead.
How does Malaysia rank in Personal Deodorants and Antiperspirants Market Size Value?
| # | 59 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,091,500,000 | 2023 | +0.93% | +0.98% | View data |
| 2 | 2 United Kingdom | 1,026,800,000 | 2023 | +1.06% | -1.85% | View data |
| 3 | 3 Germany | 779,790,000 | 2023 | -0.32% | -0.98% | View data |
| 4 | 4 France | 675,390,000 | 2023 | -0.52% | -1.07% | View data |
| 5 | 5 Spain | 454,760,000 | 2023 | +1.84% | -1.19% | View data |
| 36 | 36 Costa Rica | 56,552,000 | 2023 | +1.09% | +0.12% | View data |
| 37 | 37 New Zealand | 55,068,000 | 2023 | -1.25% | -1.07% | View data |
| 38 | 38 Malaysia | 53,404,000 | 2023 | -1.77% | -0.81% | |
| 39 | 39 Uruguay | 51,836,000 | 2023 | -0.19% | +0.37% | View data |
| 40 | 40 Nicaragua | 48,210,000 | 2023 | +1.86% | +1.92% | View data |
