From 2013 to 2023, the sold production of hair lacquers in the UK exhibited significant fluctuations. The produced value peaked in 2013 at 34.72 million euros but sharply declined by 2014, followed by fluctuations in subsequent years. For instance, the value saw a drastic drop of 63.97% in 2014 and a notable increase of 65.09% in 2016. Recently, the year-on-year variations for 2022 and 2023 were -3.24% and -3.28%, respectively. The CAGR over the last five years was 1.25%, showing minor growth. The value in 2023 stood at 23.796 million euros.
Future forecasts from 2024 to 2028 predict a continuous decline, with a forecasted average annual decrease (CAGR) of -3.09%, translating to a projected decline of approximately 14.54% over the five-year period. By 2028, the value is expected to drop to 19.578 million euros.
Future trends to watch for include potential changes in consumer behavior, advancements in product formulations, and the influence of eco-friendly and sustainable beauty products, which may affect market dynamics significantly.
