Market Size of United Kingdom Cosmetics Products Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2018 - 2022 |
| CAGR (2024 - 2029) | 4.12 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Cosmetics Market Analysis
The United Kingdom Cosmetics Products Market is expected to register a CAGR of 4.12% during the forecast period.
The United Kingdom cosmetics products market is expected to experience solid value growth during the forecast period, despite economic uncertainties and Brexit. The growth of the United Kingdom cosmetics market reflects the augmentation of the overall European market, characterized by a growing focus on quality, premiumization, and the increased presence of regional players. The gap between premium and mass products continued to widen, with a greater interest shown in premium products in the country, thereby benefiting the market.
The COVID-19 pandemic put pressure on the demand and supply chains of beauty and cosmetics products in the United Kingdom. However, post-COVID, the market regained normalcy as the restrictions were lifted by the government. For instance, according to the Office for National Statistics, in Great Britain, retail sales of pharmaceutical, medical, cosmetic, and toilet goods increased by 10.2% in 2022 compared to 2021. Furthermore, following the COVID, the United Kingdom saw an increase in demand for hygiene products. However, the demand for cosmetic anti-aging products is rising due to an increase in the senior population in the country, and the launch of new innovative products coupled with eco-friendly packaging designs is boosting the market's growth in the country.
UK Cosmetics Industry Segmentation
Cosmetics are mixtures of chemical compounds derived from either natural or synthetic sources. Cosmetics have various purposes. For example, those designed for personal care and skincare can be used to cleanse or protect the body or skin. The United Kingdom cosmetics market is segmented by product type, category, and distribution channel. Based on the product type, the market is segmented into Color Cosmetics and Hair Styling & Coloring Products. The color cosmetics segment is further sub-segmented into Facial Makeup Products, Eye Makeup Products, And Lip and Nails Makeup Products. Similarly, the hair styling and coloring products segment are sub-segmented into Hair Colors and Hair Styling Products. By category, the market is segmented into Mass and Premium. These products are distributed in Hypermarkets/Supermarkets, Specialty Stores, Pharmacy & Drug Stores, Convenience Stores, Online Retail Stores, and Other Distribution Channels. The report offers market size and forecasts based on value (USD million) for the above segments.
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United Kingdom Cosmetics Products Market Size Summary
The United Kingdom cosmetics industry is poised for steady growth, driven by a focus on premiumization and the increasing presence of regional players. Despite economic uncertainties and the impacts of Brexit, the market is expected to expand, reflecting broader trends in the European cosmetics sector. The demand for premium products is on the rise, creating a widening gap between premium and mass-market offerings. The post-COVID recovery has seen a resurgence in demand, particularly for hygiene and anti-aging products, fueled by an aging population and innovative, eco-friendly product launches. The UK's rich biodiversity contributes to the popularity of natural and organic cosmetics, as consumers increasingly favor products with plant-based ingredients over synthetic alternatives.
The rapid growth of e-commerce has significantly transformed the UK cosmetics market, with online shopping becoming a dominant channel for beauty product sales. High internet penetration and consumer preference for the convenience of online shopping have driven this trend, with platforms offering a wide range of products, competitive pricing, and personalized shopping experiences. The market is highly fragmented, with both local and international players like L'Oreal, Estée Lauder, and Oriflame leading the charge. These companies are expanding their online presence and acquiring smaller firms to strengthen their market positions. Recent developments, such as the launch of new brands and the acquisition of online retailers, underscore the dynamic nature of the industry.
United Kingdom Cosmetics Products Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Color Cosmetics
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2.1.1.1 Facial Makeup Products
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2.1.1.2 Eye Makeup Products
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2.1.1.3 Lip and Nail Makeup Products
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2.1.2 Hair Styling and Coloring Products
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2.1.2.1 Hair Colors
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2.1.2.2 Hair Styling Products
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2.2 By Category
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2.2.1 Mass
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2.2.2 Premium
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2.3 By Distribution Channel
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2.3.1 Hypermarkets/Supermarkets
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2.3.2 Specialty Stores
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2.3.3 Pharmacy and Drug Stores
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2.3.4 Online Retail Stores
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2.3.5 Convenience Stores
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2.3.6 Other Distribution Channels
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United Kingdom Cosmetics Products Market Size FAQs
What is the current United Kingdom Cosmetics Products Market size?
The United Kingdom Cosmetics Products Market is projected to register a CAGR of 4.12% during the forecast period (2024-2029)
Who are the key players in United Kingdom Cosmetics Products Market?
Oriflame Cosmetics Global SA, Kao Corporation, Kosé Corporation, L'Oréal SA and Estée Lauder Inc. are the major companies operating in the United Kingdom Cosmetics Products Market.
