The solid soap market in Estonia experienced minor fluctuations from 2013 to 2023, reflecting stable demand. In 2023, the market value stood at $2.41 million. Over the last two years, the market grew modestly, with 0.76% increase in 2022 and 0.74% in 2023. The compound annual growth rate (CAGR) over the last five years was 0.8%, marking a slow upward trend year-on-year.
Future trends to watch for in the solid soap market in Estonia include:
- Shifts towards eco-friendly and sustainable alternatives could drive innovation and demand.
- Potential impact of economic factors such as inflation and changes in consumer spending patterns.
- Technological advancements in soap formulation and production methods.