The Hair Shampoos market in Armenia has witnessed a decline from a value of $8.34 per capita in 2013 to $5.69 in 2023. Over the past decade, the market has experienced fluctuations with a notable decrease since 2015. The year-on-year comparison indicates a contraction of approximately 3% in both 2022 and 2023. The compound annual growth rate (CAGR) for the past five years is negative, showing an average decline of 2.7% annually.
Future trends to watch for:
- Growth in organic and natural hair care products as consumer awareness increases.
- A potential rebound in economic conditions may influence an uptick in expenditure on personal care.
- Technological advancements leading to innovative product offerings could attract price-conscious consumers.
| # | 55 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 33.91 | 2023 | View data | ||
| 2 | 2 Iceland | 31.41 | 2023 | View data | ||
| 3 | 3 Norway | 26.42 | 2023 | View data | ||
| 4 | 4 Denmark | 24.54 | 2023 | View data | ||
| 5 | 5 Australia | 20.8 | 2023 | View data | ||
| 45 | 45 Paraguay | 6.85 | 2023 | View data | ||
| 46 | 46 Hungary | 6.78 | 2023 | View data | ||
| 47 | 47 Armenia | 5.69 | 2023 | |||
| 48 | 48 Honduras | 5.3 | 2023 | View data | ||
| 49 | 49 Bulgaria | 4.99 | 2023 | View data | ||
