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The adult incontinence products market in Sri Lanka, in terms of revenue, is anticipated to progress at a CAGR of 9.1% during the forecast period, 2024-2029. As the demographic trend towards aging intensifies, the prevalence of adult incontinence issues is rising accordingly. The expanding elderly population is a key driver behind the increasing demand in… Read More
Projected to witness steady expansion, the Sri Lanka air freshener market is expected to achieve a CAGR of around 4.3% from 2024 to 2029, reflecting positive market conditions. In Sri Lanka, the air freshener market is expanding as urbanization and disposable incomes increase. Consumers in urban areas, particularly Colombo, are becoming more interested in produc… Read More
The Sri Lanka alcoholic beverages market is set to increase from USD 1,710.7 million in 2023 to USD 2,745.0 million by 2029, reflecting a CAGR of 8.2% over the 2024 to 2029 timeframe. The market for alcoholic beverages is growing, driven by rising incomes and urbanization. Beer remains the dominant alcoholic drink, though spirits like… Read More
The market for baby diapers is set for moderate growth, with projections indicating an increase of USD 17.0 million and a compound annual growth rate (CAGR) nearing 8.5% over the forecast period. Sri Lanka’s baby diapers market is expanding as urbanization and disposable income levels increase, particularly in cities like Colombo. Parents are increasingly priori… Read More
The Sri Lanka baby food market is on track for a substantial increase of USD 25.9 million, indicating a compound annual growth rate (CAGR) of roughly 8.2% during the forecast period from 2024 to 2029. Sri Lanka’s baby food market is experiencing growth due to rising disposable incomes and an increasing awareness of the import… Read More
The baby personal care products market in Sri Lanka is anticipated to increase by USD 21.7 million till 2029 at an average annual growth of 5.7 percent as per the latest market estimates. In Sri Lanka, market growth is driven by increasing consumer awareness of child health and hygiene, prompting demand for safe, natural baby Read More
The bath products market in Sri Lanka is anticipated to increase by USD 8.6 million till 2029 at an average annual growth of 1.5 percent as per the latest market estimates. In Sri Lanka, rising urbanization and an expanding middle class are key drivers of the bath products market. Increasing awareness of personal hygiene and Read More
The outlook for the Sri Lanka beauty and personal care products market indicates a modest growth of USD 115.8 million, with an expected compound annual growth rate (CAGR) of approximately 4.7% over the next five years. Sri Lanka’s beauty and personal care market is seeing gradual growth, driven by increasing urbanization and rising incomes. Consum… Read More
Marked by strong momentum, the Sri Lanka beer market is set to experience significant growth, adding USD 203.5 million by 2029 and achieving an impressive CAGR of nearly 11%. In Sri Lanka, the beer market is growing due to increasing disposable incomes and the rising popularity of beer as a casual drink among the younge… Read More
The body care market in Sri Lanka is estimated to increase at the rate of 9.4% each year in the period from 2024 to 2029. The Sri Lanka Body Care market is driven by rising disposable incomes and an increasing focus on personal grooming, particularly among younger consumers. The growing urbanization and Westernization of beauty Read More
Forecasts highlight a favorable growth outlook for the Sri Lanka bottled water market, with a projected increase of USD 19.6 million and a compound annual growth rate (CAGR) close to 6% through 2029. Sri Lanka’s bottled water market is fueled by a lack of access to reliable tap water in many areas and a growin… Read More
The Sri Lanka carbonated soft drinks market is poised for gradual expansion, anticipated to grow by USD 92.3 million with a compound annual growth rate (CAGR) of around 4.9% throughout the 2024 to 2029 forecast period. In Sri Lanka, the carbonated soft drinks market is expanding as economic growth improves disposable incomes, particularly in urban… Read More
The Sri Lanka coffee market is anticipated to witness significant growth, with an expected uptick of USD 21.3 million, equating to a compound annual growth rate (CAGR) of about 8.9% in the coming years. Sri Lanka’s coffee market is slowly developing, with increasing interest in coffee as an alternative to traditional tea. Local cultivation effort… Read More
According to the latest estimates, the color cosmetics market in Sri Lanka is set to achieve an incremental growth of USD 20.0 million, accelerating at a CAGR of almost 11.1% during the forecast period 2024-2029. In Sri Lanka, rising disposable incomes and growing beauty consciousness among women are fueling demand for color cosmetics. The increasing Read More
Anticipated trends indicate that the Sri Lanka condiments and sauces market will achieve incremental growth of USD 35.8 million, translating to a compound annual growth rate (CAGR) of around 6.9% during the forecast period of 2024 to 2029. Sri Lanka’s condiments and sauces market is driven by the popularity of bold, spicy flavors integral to… Read More
With accelerating growth dynamics, the Sri Lanka confectionery sector is anticipated to expand by USD 118.0 million, exhibiting a robust CAGR of 10.5% during the period from 2024 to 2029. Sri Lanka’s confectionery market is expanding, supported by rising disposable incomes and increasing consumer preference for packaged and branded products. The growth of modern retail… Read More