The household expenditure on personal care in the UK is projected to rise steadily from 2024 to 2028, moving from 582.57 to 621.75 euros per capita. Notable increases are expected year-on-year: 1.74% from 2024 to 2025, 1.67% from 2025 to 2026, 1.61% from 2026 to 2027, and 1.55% from 2027 to 2028. The compound annual growth rate (CAGR) reflects an overall average annual growth of approximately 1.64% across the five-year span.
Future trends to watch for include:
- Shifts in consumer preferences towards sustainable and organic products, likely driving premium pricing.
- Technological advancements in personal care products possibly influencing spending patterns.
- Economic factors impacting disposable income, which could alter forecasted per capita spending.