UK Cosmetics Products Market Outlook 2031:
The UK cosmetics products market size was valued at USD 7.54 Billion in 2022 and is projected to reach USD 10.92 Billion by 2031, expanding at a CAGR of 4.2% during the forecast period 2023 - 2031. The growth of the market is attributed to the change in the lifestyle of the people, increasing usage & demand for the natural cosmetic products, and growing consumer attraction for appearance & grooming.
Cosmetics products are manufactured from the natural ingredients along with the help of various chemical substances. Cosmetic products are used by people who help them to beautify and improve as well as improve the complexions of hairs, nails, skins, and various body parts.
Cosmetics are made up of different compounds such as inorganic and organic compounds. There is wide variety of products available for purifying and cleaning skin that includes cleansers, toners, serums, moisturizers, and balms.
The cosmetic products provide variety of benefits to the skin and body as it reduces the body odors effectively, decreases the bacteria & acne from the skin, and also protect the body from getting damaged by pollution & sun. Inorganic compounds have various minerals in it such as talc, iron oxides, and zinc oxides. Whereas, organic compounds have different natural oils & fats that include petro chemical in it from various agents.
Cosmetics Products Market Trends, Drivers, Restraints, and Opportunities
- Increasing consciousness of looks and appearance among consumers is estimated to propel the market expansion during the forecast period.
- Rapid growth of the cosmetics industry is main factor spurring the market growth.
- High cost of the cosmetic products is anticipated to restrict the market expansion in the coming years.
- Health hazards and diseases caused due to high usage of the chemical based cosmetic products acts as major challenge that can hinder the market growth.
- R&D investment and technological advancement in cosmetic products are expected to offer significant opportunities for the market players.
Scope of the Cosmetics Products Market Report
The report on the UK cosmetics products market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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UK Cosmetics Products Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2031
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Forecast Period
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2023–2031
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Segmentation
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by Product Types (Color Cosmetics [Eye Make-Up Products, Facial Make-Up Products, and Lip & Nail Make-Up Products] and Hair Styling & Coloring Products [Hair Styling Products and Hair Colors]), Categories (Premium and Mass), Distribution Channels (Specialty Stores, Online Retail Stores, Hypermarkets/Supermarkets, Pharmacy & Drug Stores, Convenience Stores, and Others)
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Country
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United Kingdom
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Kao Corporation; Kose Corporation; Oriflame Cosmetics Global SA; L’Oreal S.A.; and Estee Lauder Inc.
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Cosmetics Products Market Segment Insights:
Lip & nail make-up products segment is projected to account for a large market share
Based on product types, the UK cosmetics products market is divided into color cosmetics and hair styling & coloring products. The color cosmetics segment is further categorized as eye make-up products, facial make-up products, and lip & nail make-up products. The hair styling & coloring products is further segregated into hair styling products and hair colors.
The lip & nail make-up products segment is expected to constitute a key share of the market during the forecast period owing to growing disposable income of people and their increasing consciousness about their skin and appearance. However, the hair styling products segment is anticipated to expand at a rapid pace during the forecast period due to people are focusing more and more on their personality as well as looks.
Premium segment is projected to hold a key market share
On the basis of categories, the market is segmented into premium and mass. The premium segment is expected to represent a key share of the market in the coming years due to rising demand for beauty, wellness, and cosmetics products.
The premium products help to recognize the brand along with the social media is anticipated to fuel the market. On the other hand, the mass segment is anticipated to expand at a rapid pace during the forecast period owing to different product categories available and cost effective.
Supermarkets/hypermarkets segment is projected to constitute a major market share
In terms of distribution channels, the UK cosmetics products market is segregated into specialty stores, online retail stores, hypermarkets/supermarkets, pharmacy & drug stores, convenience stores, and others.
The supermarkets/hypermarkets segment is expected to account for a key share of the market during the forecast period owing to various types of consumer goods and products available at one place at anytime and also wide discounts available at the stores. However, the online retail stores segment is anticipated to expand at a rapid pace during the forecast period due to growing e-commerce trend in the society.
Segments
The UK cosmetics products market has been segmented on the basis of
Product Types
- Color Cosmetics
- Eye Make-Up Products
- Facial Make-Up Products
- Lip & Nail Make-Up Products
- Hair Styling & Coloring Products
- Hair Styling Products
- Hair Colors
Categories
Distribution Channels
- Specialty Stores
- Online Retail Stores
- Hypermarkets/Supermarkets
- Pharmacy & Drug Stores
- Convenience Stores
- Others
Country
Key Players
Competitive Landscape
Key players competing in the UK cosmetics products market include Kao Corporation; Kose Corporation; Oriflame Cosmetics Global SA; L’Oreal S.A.; and Estee Lauder Inc.
Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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