The Hungarian shampoo market has shown a steady increase in market size value from 2013 to 2023, reaching 30.213 million Euros in 2023. Over the past decade, the market has experienced fluctuations, with significant growth observed in the latest years. The year-on-year growth between 2022 and 2023 was 5.28%. Notably, the compound annual growth rate (CAGR) for the last five years is 8.37%, indicating a positive trend in market recovery and expansion.
Future trends to watch for include:
- Continued growth driven by consumer demand for premium and eco-friendly products.
- Innovation in sustainability and packaging as a response to environmental concerns.
- Potential market consolidation through mergers or acquisitions among key players.
How does Hungary rank in Shampoo Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 526,740,000 | 2023 | +1.35% | +1.04% | View data |
| 2 | 2 Spain | 265,250,000 | 2023 | -2.57% | -0.28% | View data |
| 3 | 3 Greece | 100,300,000 | 2023 | +2.86% | +4.24% | View data |
| 4 | 4 Poland | 80,131,000 | 2023 | -0.14% | +0.33% | View data |
| 5 | 5 Austria | 78,534,000 | 2023 | +4.45% | +3.51% | View data |
| 7 | 7 Portugal | 53,680,000 | 2023 | +0.69% | +0.065% | View data |
| 8 | 8 Finland | 30,719,000 | 2023 | +1.61% | +1.17% | View data |
| 9 | 9 Hungary | 30,213,000 | 2023 | +5.28% | +8.37% | |
| 10 | 10 Slovakia | 24,278,000 | 2023 | +2.54% | +1.94% | View data |
| 11 | 11 Bulgaria | 24,124,000 | 2020 | +12.08% | +1.42% | View data |
