The household expenditure on personal care in Denmark is projected to show a consistent upward trend from 2024 to 2028. In 2023, the expenditure stood at 3.66 billion Euros. The forecast data indicates increases from 3.8 billion Euros in 2024 to 4.42 billion Euros by 2028. Year-on-year variations are as follows:
- 2024-2025: 4.21% increase
- 2025-2026: 4.04% increase
- 2026-2027: 3.64% increase
- 2027-2028: 3.51% increase
Over the last five years (2024-2028), the compound annual growth rate (CAGR) is 3.94%.
Future trends to watch for include innovations in personal care products, shifts in consumer preferences towards sustainable and eco-friendly products, and the impact of economic factors such as inflation and disposable income on consumer spending in the personal care sector.
