The Colombian hair shampoo market has shown considerable fluctuations from 2013 to 2023, with a mix of positive and negative year-on-year variations. The market size in 2023 stands at $422.8 million, reflecting a slight increase of 1.11% compared to 2022. The last two years witnessed a moderate growth trend with a year-on-year increase of 1.15% in 2022 and 1.11% in 2023. Over the past 5 years, the compound annual growth rate (CAGR) slowed to 1.48%, indicating modest but steady growth. The most significant variations can be seen in 2017, with a sharp increase of 24.36%, and 2015, with a notable decline of 7.97%.
Future trends to watch for:
- Potential innovation in product formulations catering to niche markets like organic or specialty shampoos.
- Increased emphasis on sustainability and eco-friendly packaging.
- Consumer behavior shifts towards premium and personalized hair care products.
- Influence of economic conditions and disposable income on market growth.
How does Colombia 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 |
| 12 | 12 Australia | 544,190,000 | 2023 | +2.72% | +2.54% | View data |
| 13 | 13 Argentina | 432,710,000 | 2023 | -0.61% | +0.54% | View data |
| 14 | 14 Colombia | 422,800,000 | 2023 | +1.11% | +1.48% | |
| 15 | 15 Peru | 389,590,000 | 2023 | +1.44% | +1.68% | View data |
| 16 | 16 Poland | 384,690,000 | 2023 | +1.05% | +2.61% | View data |
