Summary

Since 2020, the cosmetics and personal care sector in the UK has seen significant changes due to the Russian-Ukrainian conflict, with a 13.8% increase in consumer prices and an 8.9% rise in production costs between January 2022 and December 2023. Despite market fluctuations, the UK's trade position as a net importer or exporter of cosmetics has been relatively stable, with exports decreasing by 6.8% and imports contracting by 5.6% between 2018 and 2022. Consumer spending on cosmetics dropped sharply by 20% from 2020 to 2022, with average monthly household expenditures declining from £14 to £11.2. Market structure analysis reveals a 33.6% growth in active enterprises in the perfume and toiletries manufacturing sector from 2019 to 2023, and wholesale and retail sectors also showed growth, although retail saw a slight contraction of 5.3% between 2022 and 2023. Notably, trends point towards increased demand for "Clean Beauty" products, with the global market valued at $5.89 billion in 2023 and an expected compound annual growth rate (CAGR) of 44.9% through 2028. Major manufacturers in the UK include Avon Cosmetics Limited and Revolution Beauty Limited, among others, while leading retailers are Boots Uk Limited and Superdrug Store PLC..Emerging Trends and Dynamics in the UK Cosmetics Market The UK cosmetics market has been subject to a myriad of influences, with trends and dynamics shaped by both internal and external forces. One of the driving factors in recent times has been the Russian-Ukrainian conflict, which has had ripple effects on the UK's economy, affecting numerous sectors including cosmetics and personal care. Inflation has been notable, with a significant increase of between 10 and 15 percent in the consumer price index for personal care products from early 2022 to late 2023. Furthermore, the escalation of production costs, evidenced by an approximate 5 to 10 percent increase in the producer price index for perfume and toiletry articles during the same period, has compounded these pressures. This economic climate has undoubtedly influenced trade, consumer behavior, market structure, and even advertising narratives in the industry. Trade flows have oscillated, indicating a shift in the UK's position as both an importer and exporter of cosmetic goods. Over the years leading up to 2022, the value of imports experienced a decrease of about 5 to 10 percent, suggesting a potential contraction in foreign supply or a shift towards local sourcing. Among the UK's key trading partners, France and China stand out as primary sources for imports, while countries like Belgium and the United States are top destinations for exports. Consumer dynamics show an even more intriguing trend. Household spending on cosmetics saw a dramatic decline of approximately 15 to 20 percent between 2018 and 2022, hinting at a potentially reduced discretionary income or a changing priority in household expenditure. Despite this overall reduction, the distribution of spending across product categories remained relatively stable, with toiletries commanding over 50 percent of the sales value. This points to a strong, sustained need for everyday personal care items, even in economically strained times. Income and age have been pivotal in the shaping of demand patterns. Interestingly, there is a strong correlation between higher income brackets and increased spending on cosmetics and hair care products, with households earning upwards of 1,300 pounds per week, spending between 20 and 30 pounds a month on these products. Age-wise, the middle-aged demographic, particularly those between 30 and 64 years old, outspend other age groups, allocating between 15 and 20 pounds per month for cosmetic and hair care purchases. Geographical distribution of demand further refines the market landscape. England leads the spending, with households allocating an average of up to 20 pounds per month, followed closely by Northern Ireland and.### Key Retail Titans in the UK Cosmetics and Beauty Landscape The UK cosmetics and beauty market is not only diverse but also boasts some of the most iconic and trusted names in retail. These dominant players have carved out prominent positions in the hearts of consumers and on the high streets of the nation through their expansive range of health and beauty offerings. #### Boots UK Limited: The Quintessential British Pharmacy A mainstay in British retail since its inception in 1849, Boots UK Limited has evolved from a family-run herbal medicine shop to become one of the largest chains of pharmacies and health and beauty stores in the UK. With a staggering network of approximately 2,200 stores, Boots stands as a beacon of wellness and beauty, providing a comprehensive selection of pharmaceuticals, wellness products, and beauty essentials that cater to a broad demographic. #### Superdrug Stores PLC: The Accessible Beauty and Health Hub Founded in 1964 by the Goldstein siblings, Superdrug has cemented its status as a popular destination for affordable health and beauty products. Today, with close to 800 stores across the UK, Superdrug continues its legacy of bringing beauty to the masses. Its shelves are lined with a vast assortment of cosmetics, skincare, and personal care items, making it a one-stop-shop for consumers seeking quality and value. #### Savers Health and Beauty Limited: The Economical Emporium Savers Health and Beauty Limited began its journey in 1988 and rapidly expanded under the wings of the A.S. Watson Group. With more than 500 stores to date, Savers has become the go-to place for discount health and beauty products. The chain offers an eclectic mix of household items, medicines, fragrances, and beauty products at bargain prices, living up to its mission of delivering savings to its customers. #### Space NK Limited: The Curator of Cult Beauty Space NK was established in 1991 and has since become a cult favorite for beauty connoisseurs. With 75 stores predominantly located in England as of December 2023, Space NK curates a luxurious and eclectic selection of over 130 brands ranging from skincare to makeup, featuring both well-known players and niche labels. Its bespoke approach to beauty retail has created a loyal clientele seeking high-quality and exclusive products. #### Lush Retail Limited: The Handmade Cosmetics Crusader Founded in 1995, Lush Retail Limited has developed a strong following with its philosophy rooted in ethical sourcing, vegetarian recipes, and environmental stewardship. Known for vibrant bath bombs, cruelty

The cosmetics market - United Kingdom

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Number of pages : 30 pages
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Last update : 29/01/2024

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Summary and extracts

1 Synthèse du marché

1.1 Introduction

A cosmetic is defined as any substance or preparation intended to be applied to the various parts of the human body (epidermis, hair system and hair, nails, lips, external genital organs) or to the teeth and mucous membranes of the mouth, for the sole purpose of cleaning, perfuming, changing their appearance and/or correcting body odors and/or protecting or maintaining them in good condition. The main types of cosmetic products available on the market include:

Skin care products: creams, lotions, masks.
Makeup: foundations, mascaras, lipsticks, eye shadows.
Hair care products: shampoos, conditioners, specific treatments.
Perfumes and fragrances: eau de toilette, eau de parfum.
Nail care products: nail polishes, strengtheners.
Personal hygiene products: soaps, shower gels, deodorants.

The global cosmetics market has reached a total value of 343.37 billion dollars in 2023. For the period 2024-2032 a compound annual growth rate (CAGR) of 5.4 percent under which the world market could reach at the end of the period a valueof approximately541.89 billion dollars.

This study focuses on the cosmetics market in the United Kingdom. For information on other markets in the United Kingdom, please refer to the specific studies available in the Businesscoot catalog.

2 Analyse de la demande

3 Structure du marché

4 Analyse de l'offre

5 Règlementation

6 Positionnement des acteurs

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Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

Avon Cosmetics Limited

Revolution Beauty Limited

Elemis Limited

Clarins Uk Limited

Royal Sanders UK Limited

Boots Uk Limited

Superdrug Store PLC

Savers Helth and Beauty Limited

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