The sold production of shampoos in the UK has experienced fluctuating trends throughout the past decade, with notable variations year-on-year. From 2013 to 2023, production values have generally displayed a downward trajectory, declining from 209.78 million euros in 2013 to 154.8 million euros in 2023. The trend between 2013 and 2019 shows significant volatility, with the highest value seen in 2013 and a sharp dip followed by some recovery in 2019. However, post-2019, production has steadily decreased.
Key variations are observed over the last two years, with a 3.25% decline in 2022, followed by a further 3.3% decline in 2023. The compound annual growth rate (CAGR) for the last five years stands at -0.48%, indicating an average annual decrease. The forecast for the future illustrates a continued decline, with CAGRs and growth rates suggesting a consistent reduction in production values towards 2028.
Future trends to watch for include potential shifts in consumer behavior towards more sustainable and natural products, which could either positively or negatively impact conventional shampoo production. Additionally, market adaptation to post-pandemic preferences, evolving retail landscapes, and technological advancements in hair care will be crucial in shaping future production volumes.
