Over the period from 2012 to 2022, the Personal Deodorants and Antiperspirants market in Mexico experienced significant fluctuations. Initially, the market showed growth with a peak in 2014 at $421 million. However, from 2015 onwards, a downward trend emerged, reaching its lowest point in 2022 at $229.67 million. The largest year-on-year decline occurred in 2016 with a -19.94% change. Despite occasional upticks, such as a 10.36% increase in 2017 and a slight 1.06% rise in 2021, the compound annual growth rate for most years reflected a negative trend, notably -8.07% between 2015 and 2020 and -6.35% from 2017 to 2022.
Looking ahead to 2024 and beyond, the key trends to watch include the influence of health and wellness trends on consumer preferences, technological advancements in formulation, and the impact of environmental sustainability efforts. Additionally, the potential for recovery in economic conditions and shifts in lifestyle habits post-COVID could drive future market behavior.
How does Mexico rank in Personal Deodorants and Antiperspirants Market Size Value?
| # | 59 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,091,500,000 | 2023 | +0.93% | +0.98% | View data |
| 2 | 2 United Kingdom | 1,026,800,000 | 2023 | +1.06% | -1.85% | View data |
| 3 | 3 Germany | 779,790,000 | 2023 | -0.32% | -0.98% | View data |
| 4 | 4 France | 675,390,000 | 2023 | -0.52% | -1.07% | View data |
| 5 | 5 Spain | 454,760,000 | 2023 | +1.84% | -1.19% | View data |
| 12 | 12 Poland | 234,010,000 | 2023 | -6.09% | -4.46% | View data |
| 13 | 13 South Africa | 231,200,000 | 2023 | +1.81% | +1.56% | View data |
| 14 | 14 Mexico | 220,100,000 | 2023 | -4.16% | -3.85% | |
| 15 | 15 Australia | 195,060,000 | 2023 | -2.29% | -2.77% | View data |
| 16 | 16 Romania | 185,260,000 | 2023 | +1.86% | +0.94% | View data |
