The UK Hair Lacquers market size value per capita showed a fluctuating trend from 2012 to 2022. The market peaked in 2014 at 3.98 USD before experiencing a continuous decline from 2015 through 2020. Over the last two years of the data (2021-2022), the market experienced modest stabilization with values of 2.86 USD and 2.80 USD respectively. The year-on-year variation for the last two years shows a minor decline of approximately -2.1%. Over the past five years (2017-2022), the compound annual growth rate (CAGR) signifies an average annual decrease of approximately -2.2%.
Looking ahead to 2024 and beyond, the projected data should be keenly observed to detect any potential market recovery or further decline. Predominant trends to watch include shifts in consumer preferences toward natural and organic hair products and broader economic factors influencing disposable income and spending patterns on non-essential items like hair lacquers.
