The polishes and creams market for footwear or leather in Madagascar exhibited steady growth from 2013 to 2019, with the market size increasing from $470.4K to $568.14K. A significant decline occurred in 2020, with the market size contracting by 15.52%. However, the market rebounded impressively in 2021 with a 22.54% increase. Growth continued into 2022 and 2023, resulting in a market value of $607.34K in 2023. The compound annual growth rate (CAGR) over the last five years reflects a modest 1.72% increase.

Future trends to watch for in this market include:

Consumers' growing preference for sustainable and eco-friendly products.
Potential growth in online sales channels, expanding market access.
Rising demand for multifunctional products catering to both protection and aesthetic enhancement.