The hair lacquers market in Spain is expected to see a decline in value per capita from 2024 to 2028. The forecasted value per capita decreases from $0.91 in 2024 to $0.74 in 2028. The year-on-year variations indicate a consistent negative trend, with a decline averaging around 4.9% annually over these years, showing a clear downward trajectory.
A closer look at the trends from 2023 to 2024 reveals a slight contraction in the market, reflecting a broader consumer shift towards alternative hair styling products or preferences. Over a longer period, the Compound Annual Growth Rate (CAGR) provides an average annual reduction which suggests a market gradually shrinking in value per capita.
Looking ahead, future trends to watch for in the hair lacquers market include the impact of evolving consumer preferences towards natural and less chemically-intensive products, the rise of multifunctional hair care products, and potential economic factors influencing consumer spending patterns on non-essential grooming products.
