The hair care market in Spain exhibited a declining trend from 2013 through 2016, with significant year-on-year decreases. However, from 2017 onwards, the market showed a slight recovery and stabilization, especially marked by a notable increase in 2021. Despite this, the market value is forecasted to continue its downward trend from 2023 to 2028, with a projected negative CAGR of -1.94% over the next five years. The market stood at 364.7 Million Euros in 2023, indicating a year-on-year decrease of -2.31%.
Future Trends to Watch For:
- Innovations in sustainable and natural hair care products
- Growth in online sales and digital marketing strategies
- Impact of economic factors and consumer spending behavior
- Potential regulatory changes affecting product formulations
