Norway’s hair lacquer market size value per capita has seen a significant decline from 2012 to 2022, decreasing from 5.92 to 3.63. The market had a relatively steady drop, with the largest drop occurring between 2012 and 2014. The Compound Annual Growth Rate (CAGR) over the past five years (2017-2022) is approximately -5.0%, signifying an average annual decline in market value. Year-on-year variation shows a slight increase from 2020 to 2021 by 1.1%, followed by a decrease in 2022 by -4.0%.
In 2023, the market is approximated to hold steady. Trends to watch for include an increase in organic and eco-friendly products as consumer preferences shift towards sustainability.
