Despite supply chain disruptions, labor shortages, and high inflation, the household and personal products industry has rebounded thanks to rising consumer spending. Moreover, as most retailers in this space have increased their online presence, their products have become much more accessible to a broader range of consumers.
The COVID-19 pandemic has also led to an increasing number of customers opting for personal care products, driving the industry’s sales. According to a Technavio report, the personal care market is expected to grow at a CAGR of 5.7% by 2025.
