The hair shampoo market in the Dominican Republic has shown steady growth over the past decade, reaching a market size of $33.55 million in 2023. While the year-on-year growth rate showed fluctuations with periods of both increase and slight decline, the average annual growth over the last five years (CAGR) stood at 1.42%. Notably, despite a minor contraction in 2017 and 2020, the market has consistently bounced back with positive growth in the subsequent years.
Future trends to watch for include:
- Continued adoption of specialty shampoos targeting specific hair care needs.
- Increasing demand for organic and natural shampoo products as consumers become more health-conscious.
- Potential impact of economic shifts on consumer purchasing power and market dynamics.
- Expanding influence of e-commerce on purchasing trends within the hair care sector.
How does the Dominican Republic rank in Hair Shampoos Market Size Value?
| # | 61 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 173,650,000,000 | 2023 | +48.25% | +385.32% | View data |
| 2 | 2 United States | 4,244,800,000 | 2023 | +2.55% | +2.58% | View data |
| 3 | 3 Japan | 1,234,400,000 | 2023 | +0.048% | -0.38% | View data |
| 4 | 4 United Kingdom | 1,211,600,000 | 2023 | +1.44% | +1.51% | View data |
| 5 | 5 France | 989,840,000 | 2023 | -0.21% | +1.7% | View data |
| 46 | 46 Slovakia | 47,056,000 | 2023 | +0.86% | +1.22% | View data |
| 47 | 47 Bulgaria | 34,334,000 | 2023 | -0.35% | -0.23% | View data |
| 48 | 48 Dominican Republic | 33,550,000 | 2023 | +1.56% | +1.42% | |
| 49 | 49 Bosnia and Herzegovina | 25,336,000 | 2023 | -2.12% | -2.68% | View data |
| 50 | 50 Latvia | 21,115,000 | 2023 | +0.73% | +0.53% | View data |
