The UK skincare market size was valued at USD 17.98 Billion in 2022 and is anticipated to reach USD 28.37 Billion by 2031, expanding at a CAGR of 5.2% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing attention to quality products and the presence of major players in the region.
The UK cosmetics market is expanding as elite, premium market, driven by male metrosexual counterparts, young female professionals, as well as an aging population.
In the country, the growing popularity of products containing natural ingredients such as plant extracts & herbs, aromatherapies, and fruit extracts is driving the adoption of organic and natural personal care products. As a result, the country's skincare product market has been expanded. Beauty products such as color cosmetics (including eyebrow liners, lipsticks, and foundation creams) have seen strong growth in sales as a result of fashion industry innovations.
The trend toward a more minimal makeup look, combined with high-profile product launches, consumers place a greater emphasis on organic face cosmetics. Domestic consumers are becoming more aware about their skin's properties and the side effects of various treatments.
Skin Care Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand from young female professionals is projected to drive the market.
- Changing consumer preference towards organic products has fueled the market.
- Non organic products at low cost are estimated to hinder the market growth.
- Development of natural care products is anticipated to create immense opportunities for the market players.
Scope of Skin Care Market Report
The report on the UK skincare market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Skincare Market - United Kingdom 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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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Facial Care, Body Care, and Others), Distribution (Supermarkets/Hypermarkets, Conveniences Stores, Specialist Stores, and Online Retail Stores)
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Country Scope
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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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Clarins, Unilever, L’Oreal S.A., Allergan and Procter & Gamble
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Skin Care Market Segment Insights
The facial care segment is projected to hold a major market share
Based on types, the UK skincare market is fragmented into facial care, body care, and others. The facial segment is expected to expand at a high CAGR during the forecast period. Peel-off or wash-off mask usage increased from 25% in 2019 to 32% in 2020, while sheet leave-on mask usage increased from 15% to 22%. These masks have piqued the interest of young 16–24-year-olds, with nearly two-thirds (62%) of them enjoying the luxury of a peel-off or wash-off mask in 2020.
Middle-aged women and empty nesters have been the primary focus of this market because they spend more time on personal care than other groups. According to a recent survey conducted by spa creators, medical and health club spas account for 4% and 27% of the overall spa market, respectively.
The online retail stores segment is anticipated to expand at a rapid pace
On the basis of distribution, the UK skincare market is segregated into supermarkets/hypermarkets, conveniences stores, specialist stores, and online retail stores. The advancement of the retail sector, e-commerce is expected to have the fastest growing CAGR due to the easy accessibility, convenient alternatives, and reasonable discounts provided by shopping websites.
The online retail segment has become an essential component of organic cosmetic products. The addition of appealing features such as free returns and a wide range of delivery options is propelling segment. In recent years, well-known brands have taken a variety of steps to improve their online presence, such as launching apps, redesigning websites, advertising, and introducing special offers to entice customers. Consumers in the United Kingdom are showing a strong interest in purchasing cosmetic products through online channels that supplement point-of-sale sales.
Segments
The UK skincare market is segmented on the basis of
Types
- Facial care
- Body care
- Others
Distribution
- Supermarkets/Hypermarkets
- Conveniences stores
- Specialist stores
- Online retail stores
Country
Key Players
Competitive Landscape
Major players competing in the UK skincare market include Clarins, Unilever, L'Oréal S.A., and Procter & Gamble. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years. Prada and L'Oréal signed a long-term license agreement, adding Prada to the list of iconic brands represented by L'Oréal Luxe. Prada fragrances provide a wide range of olfactory creations to explore and express the various facets of each individual's identity.
