In 2023, household expenditure on personal care in the UK stood at approximately £31.54 billion. The forecasted data from 2024 to 2028 shows a steady increase in expenditure, starting at £32.22 billion in 2024 and reaching £34.94 billion by 2028. Year-on-year variations indicate a consistent growth with the following approximate percentages: 2.14% in 2025, 2.10% in 2026, 1.99% in 2027, and 1.96% in 2028. The Compound Annual Growth Rate (CAGR) over these five years is about 2.11%.
Future trends to watch for include potential impacts of inflation on consumer spending, shifts in consumer preferences toward sustainable and organic products, and advancements in personal care technology. Monitoring these factors will be crucial for understanding the evolving personal care market in the UK.
