The Swiss soap market exhibited fluctuations over the past decade, peaking at $142.47 million in 2014, and experiencing notable declines, particularly from 2015 to 2017, with a minor resurgence in 2018 followed by stagnation. Recent years have shown slight volatility, with the market values remaining around $128 million from 2021 to 2022. A compound annual growth rate (CAGR) of 1.63% for the last five years suggests a subtle upward trend, but significant growth or contraction has been absent.
Future trends to watch for include:
- Increased demand for organic and eco-friendly soap products.
- The impact of global economic fluctuations on consumer spending patterns.
- Technological advancements in product formulations and packaging.
- Potential post-pandemic consumer behavior shifts impacting purchase decisions.
How does Switzerland rank in Soap Market Size Value?
| # | 52 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 1,657,200,000 | 2023 | +4.14% | +5.44% | View data |
| 2 | 2 United Kingdom | 1,148,200,000 | 2023 | -0.26% | +0.39% | View data |
| 3 | 3 Germany | 1,113,300,000 | 2023 | +0.59% | -0.38% | View data |
| 4 | 4 France | 1,070,200,000 | 2023 | -0.84% | -1.46% | View data |
| 5 | 5 Canada | 1,029,900,000 | 2023 | -1.1% | -1.46% | View data |
| 23 | 23 Kazakhstan | 144,780,000 | 2023 | -1.37% | -1.29% | View data |
| 24 | 24 Nicaragua | 131,280,000 | 2023 | +1.98% | +1.42% | View data |
| 25 | 25 Switzerland | 128,640,000 | 2023 | -0.019% | -0.17% | |
| 26 | 26 Belgium | 121,260,000 | 2023 | -1.81% | -1.49% | View data |
| 27 | 27 Ecuador | 119,410,000 | 2023 | +1.41% | +0.89% | View data |
