The Hair Lacquers market in Austria experienced significant fluctuations between 2012 and 2022. The market size peaked at $45.369 million in 2012, but then declined sharply in 2013 (-14.56%) and continued to trend downwards until 2015. A moderate recovery occurred from 2016 onwards, with notable growth in 2017 (17.19%). However, the market faced some stagnation and minor declines, recording a slight decrease in 2019 (-1.6%) and again in 2020 (-5.76%). The market showed signs of a slow recovery in 2021 (+4.43%) but slightly dipped again in 2022 (-0.79%). The recent 5-year Compound Annual Growth Rate (CAGR) stands at -1.52%.
Future Trends:
Future trends to watch for include potential market stabilization and minor growth opportunities, driven by rising consumer interest in specialty and eco-friendly hair products. Key drivers will likely be innovations in product formulations along with an increasing trend in premium personal care expenditures.