United Kingdom Cosmetic Products Market Growth Analysis - Forecast Trends, Market Size, Share and Outlook (2024-2032)

United Kingdom Cosmetic Products Market Size

The United Kingdom cosmetic products market size reached approximately USD 7.86 billion in 2023. The market is further expected to grow at a CAGR of 4.1% between 2024 and 2032, reaching a value of nearly USD 11.31 billion by 2032.

Key Trends in the Market

Cosmetics are chemical compounds that are either naturally sourced or synthetically created and these products are meant to be applied on the face, hair, or body for enhancing appearance, improving body odour, promoting hygiene, protecting skin, and conditioning hair, among others. Cosmetic products include various skincare, makeup, and personal hygiene products, like serums, sunscreen, and perfumes.

• The growing popularity of social media influencers promoting self-care, grooming, and hygiene has led to more consumers investing in cosmetics and personal care products in the UK, acting as a crucial United Kingdom cosmetic products market trend. The ever-increasing concerns regarding body and well-being due to busy schedules, unhealthy eating habits, and distorted sleep cycles encourage the masses to use these products, helping the skin and body look healthier and more attractive.

• Increasing consumer awareness regarding the long-term harmful impacts of using artificial or synthetically formulated products on the skin is likely to encourage people to shift to products containing natural ingredients, owing to their safe and non-toxic nature. Furthermore, with the growing vegan population in the United Kingdom, the sales of cosmetic products containing no animal by-products or animal-derived ingredients is expected to surge.

• Due to the rising concerns regarding skin ageing, people are increasingly adopting skin care products, enhancing the UK cosmetic products market revenue. Additionally, growing awareness regarding the harmful effects of prolonged UV exposure on the skin has resulted in a surge in demand for sun protection products, including creams and lotions with high SPF or broad-spectrum.

• The expansion of the e-commerce sector, selling a wide range of cosmetics from different brands with unique selling points and advantages is supporting the United Kingdom cosmetic products market growth. E-commerce platforms provide easy home-delivery and return options, enhancing the customer experience and resulting in increased preference for online shopping. Additionally, the lucrative discounts and creative marketing strategies employed by these platforms to increase sales through their websites are projected to support the market in the United Kingdom.

Market Analysis

Based on product, the market is segmented into skin care, hair care, makeup, and fragrance, among others. On the basis of type, the market can be bifurcated into natural/organic and conventional. Based on gender, the market is divided into men, women, and unisex. On the basis of category, the market is segregated into mass and premium. Based on distribution channel, the United Kingdom cosmetic products market segmentation includes supermarkets and hypermarkets, convenience stores, pharmacy and drug stores, speciality stores, and online, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom cosmetic products market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• L’Oréal Group

• Estée Lauder Cosmetics Limited

• Coty Inc.

• Charlotte Tilbury Beauty Limited

• Illamasqua

• Elemis Ltd.

• Liz Earle Beauty Co. Limited

• Molton Brown Limited

• Pixi Beauty Inc.

• Barry M Cosmetics Ltd.

• Others

Market Share by Product

According to the United Kingdom cosmetic products market analysis, skin care is expected to be the leading product category over the forecast period, owing to the growing trend of skin care regimes and treatments that require premium cosmetic products. Moreover, the growing popularity of personalised skin care solutions in developed economies like the United Kingdom further supports the market growth. The introduction of skin care products like creams, serums, and lotions with active ingredients offering healing and nurturing properties has been aiding the market expansion. Meanwhile, the hair care segment is also expected to witness a healthy growth over the forecast period due to the growing trend of colouring and dying the hair.

Market Share by Gender

Women are the primary consumers of cosmetic products, accounting for the majority of United Kingdom cosmetic products market share. The trend is expected to continue over the forecast period, as cosmetic products are more commonly utilised by women and have a significant impact on consumers, enhancing their appearance and instilling a sense of confidence. The younger generation and working women constantly seek new and improved beauty care solutions. Beauty product advancements and changing lifestyles further support the segment's growth.

On the other hand, the men segment is expected to witness a significant growth over the forecast period, owing to the growing use of cosmetic products by men due to rising consciousness regarding skincare and personal grooming. Furthermore, an increase in male celebrities endorsing cosmetics brands has encouraged men to start using beauty care products, favouring the United Kingdom cosmetic products market demand.

Competitive Landscape of UK Cosmetic Products Industry

L’Oréal Group is a French personal care company founded in 1909, headquartered in Clichy, Hauts-de-Seine. L’Oréal sells various cosmetic products, including skin care, sun protection, makeup, perfume, and hair care. L’Oréal began its operation in the United Kingdom in 1932 and has become one of the leading cosmetic and personal care products manufacturing companies in the region.

Estée Lauder Cosmetics Limited is an American multinational cosmetic company headquartered in Manhattan, New York City. Estée Lauder began its operation in 1946 and deals in all kinds of makeup, skincare, hair care, and perfume and fragrances. The company extended its operations to the United Kingdom in 1960 with the central office in Harrods, London, to expand its market share.

Coty Inc. is a French-American multinational company that was founded in 1904. Coty owns over 77 cosmetics brands and deals in manufacturing, marketing, and distribution of fragrances, cosmetics, skincare, nail care, and hair care products.

Other key players included in the UK cosmetic products market report are Charlotte Tilbury Beauty Limited, Illamasqua, Elemis Ltd., Liz Earle Beauty Co. Limited, Molton Brown Limited, Pixi Beauty Inc., and Barry M Cosmetics Ltd., among others.

Key Highlights of the Report