The Moroccan soap market size valued at 52.59 million USD in 2023 exhibits a slightly declining trend in recent years. The market showed varied year-on-year changes, notably a 0.18% decrease from 2022. Over the past five years, the compound annual growth rate (CAGR) was -0.051%, indicating a nearly stagnant market. Economic fluctuations and changing consumer preferences contributed to these patterns.
- Expect growth driven by urbanization, increasing hygiene awareness, and demand for eco-friendly products.
- Potential challenges include rising raw material costs and market saturation.
- Future trends might include digital marketing advances and product diversification to attract new segments.
| # | 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 |
| 36 | 36 Bulgaria | 67,134,000 | 2023 | +1.31% | +1.1% | View data |
| 37 | 37 Croatia | 53,730,000 | 2023 | +0.71% | -0.11% | View data |
| 38 | 38 Morocco | 52,590,000 | 2023 | -0.18% | -0.051% | |
| 39 | 39 Honduras | 50,342,000 | 2023 | +1.3% | +0.85% | View data |
| 40 | 40 Paraguay | 47,576,000 | 2023 | +1.26% | +1.11% | View data |
