The Solid Soap (Not for Toilet Use) market in Iceland showed a generally upward trend from 2013 to 2023. The value per capita grew from $1.41 in 2013 to $1.79 in 2023, reflecting increased consumer interest potentially driven by preferences for natural and sustainable hygiene products. Over the last two years (2022-2023), the market saw a 1.7% year-on-year increase, while the compound annual growth rate (CAGR) over the past five years was 2.45%, indicating steady growth.
Future trends to watch in the Icelandic market include a continued focus on sustainability as consumers increasingly prefer eco-friendly and organic solid soaps. Innovative product offerings and expanded distribution channels may drive further market growth. Additionally, any shifts in consumer behavior toward liquid alternatives or changes in international trade may affect market dynamics.
| # | 18 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 6.73 | 2023 | View data | ||
| 2 | 2 Norway | 6.65 | 2023 | View data | ||
| 3 | 3 Lithuania | 4.37 | 2023 | View data | ||
| 4 | 4 Japan | 4.26 | 2023 | View data | ||
| 5 | 5 Lebanon | 3.22 | 2023 | View data | ||
| 9 | 9 Bulgaria | 2.07 | 2023 | View data | ||
| 10 | 10 Estonia | 1.83 | 2023 | View data | ||
| 11 | 11 Iceland | 1.79 | 2023 | |||
| 12 | 12 Armenia | 1.18 | 2023 | View data | ||
| 13 | 13 South Africa | 1.13 | 2023 | View data | ||
