Import of personal deodorants and antiperspirants to Spain has exhibited a consistent upward trend from 2013 to 2023, with a notable fluctuation in annual growth rates. The import volume in 2023 was 22.249 million kilograms, reflecting a year-on-year increase of 2.82% compared to 2022. Over the past five years from 2018 to 2023, the compound annual growth rate (CAGR) stood at 3.11%. Future trends suggest a steady increase with a projected 5-year CAGR of 2.11% from 2024 to 2028, leading to an estimated import volume of 25.437 million kilograms by 2028, indicating a total growth rate of 10.98% over this period.
Future trends to watch for:
- Emerging consumer preferences for natural and organic ingredients in personal care products.
- Increased environmental awareness driving the demand for sustainable and eco-friendly packaging.
- Technological advancements in product formulations, enhancing efficacy and customer satisfaction.