The import of hair lacquers into the US is projected to grow from 12.94 million kilograms in 2024 to 14.755 million kilograms in 2028, indicating a steady upward trend. From 2023 to 2024, the market saw a notable increase, and this trend is expected to continue. Between 2024 and 2025, the growth rate is forecasted at approximately 3.6%, with similar year-on-year growth percentages anticipated over the subsequent years. The compound annual growth rate (CAGR) is expected to be 3.3% from 2024 to 2028.
Future trends to watch for include:
- Consumer demand shifts towards eco-friendly and sustainable products, which might affect import preferences.
- Impact of regulatory changes on chemical composition and packaging of hair lacquers, potentially influencing import volumes.
- Technological advancements in hair care formulation might spur innovation and diversify import sources.