In 2023, the household expenditure on personal care in the Netherlands stood at 10.70 billion Euros. The forecasted data shows a positive trend from 2024 to 2028. Specifically, in 2024 it is expected to reach 11.15 billion Euros, increasing by 4.21% from the previous year. This upward trend continues with year-on-year increases of 4.13%, 3.93%, 3.73%, and 3.60% in the years 2025, 2026, 2027, and 2028 respectively. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is projected to be 4.12%.
The forecast indicates a steady growth in household expenditure on personal care. Several factors could influence future trends:
- Emerging consumer preferences for organic and natural personal care products.
- Technological advancements in personal care products increasing demand.
- The impact of economic conditions on disposable income and expenditure habits.
