In 2023, the average expenditure per household on personal care in Canada was 1.45 Thousand Canadian Dollars. This value is set to increase in 2024 to 1.47, reflecting a year-on-year increase of approximately 1.38%. From 2024 to 2028, the forecasted values demonstrate a consistent upward trend, reaching 1.56 Thousand Canadian Dollars by 2028. Over this period, the compound annual growth rate (CAGR) stands at 1.51%, indicating a steady rise in personal care expenditure.
Future trends to watch for include:
• Increased consumer awareness and spending on sustainable and organic personal care products.
• The impact of technological advancements on personal care products and services.
• The influence of demographic changes, such as the aging population, on expenditure patterns.
