The UK Hair Lacquers market observed fluctuating trends from 2012 to 2022, beginning at $218.59 million in 2012, peaking at $256.97 million in 2014, and then experiencing a consistent decline until a minor revival in 2021. Over the last two years, the market decreased by 1.31% from 2021 to 2022. The five-year Compound Annual Growth Rate (CAGR) from 2018 to 2022 reflected a near-stagnant growth rate of 0.19%, indicating that the market has been relatively stable but with slight downwards variability.
Future trends to watch for include:
- Shifts in consumer preferences towards natural and eco-friendly hair products, which may impact traditional hair lacquer sales.
- Technological advancements in product formulations offering better hold and hair health benefits could spur market growth.
- Ongoing economic uncertainties and shifts in disposable income levels affecting consumer spending habits in the beauty and personal care sector.