The Armenian hair shampoos market experienced fluctuating trends from 2013 to 2023. In 2013, the market was valued at $24.169 million and grew marginally in 2014. However, it faced a substantial decline in 2015, followed by a continuous downward trend until 2018. A slight recovery was seen in 2019, but the market contracted again in subsequent years, reaching a value of $17.514 million in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) was negative, at -1.66%, indicating a general downtrend.
Future trends to watch for in the Armenian hair shampoos market include:
- Emphasis on organic and eco-friendly products as consumer awareness increases.
- Potential recovery with innovative marketing tactics and product differentiation.
- Impact of economic conditions and purchasing power on market dynamics.
How does Armenia 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 |
| 51 | 51 Slovenia | 19,997,000 | 2023 | -2.83% | -2.62% | View data |
| 52 | 52 Estonia | 19,496,000 | 2023 | +1.82% | +1.97% | View data |
| 53 | 53 Armenia | 17,514,000 | 2023 | -2.44% | -1.66% | |
| 54 | 54 Cyprus | 17,194,000 | 2023 | -1.64% | -1.51% | View data |
| 55 | 55 Mauritius | 14,237,000 | 2023 | +1.22% | +1.83% | View data |
