UK Skincare Market Size was valued at USD 4.5 Billion in 2022. The skincare market industry is projected to grow from USD 4.6 Billion in 2023 to USD 5.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.00% during the forecast period (2023 - 2032). The desire of consumers to use high-end skincare products is a market driver in the skincare industry in the United Kingdom. Due to an increase in skin issues, consumers in the nation are choosing to utilize skincare goods like cleansers, serums, moisturizers, and other items.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The marker CAGR for skincare in UK is growing as a result of increasing need for high-end skincare products. The number of people working and having more spare cash has led to an increase in consumer spending on high-end personal care and beauty items. For longer-lasting youthful skin, the nation's female population is choosing to utilize anti-aging, sun protection moisturizers, and other treatments. The industry leaders are also developing wrinkle and fine line removal solutions that contain premium components like collagen and hyaluronic acid. Moreover, well-known companies have developed their online presence using a variety of strategies, including the introduction of applications, site redesigns, advertising, and promotions to draw in customers. The No 7 brand introduced a high-end line of skincare products in April 2023 that reduce skin deterioration in a matter of weeks. Because there is a growing market need for high-quality products, premium skincare products are anticipated to see an increase in demand over the medium term.
The growing demand for organic and natural personal care products in the nation is being driven by the growing popularity of goods made with natural ingredients such as fruit extracts, plant and herb extracts, and aromatherapies. hence expanding the nation's market for skin care products. The market saw high-end skincare brands become more and more popular. Furthermore, the need for skin protection goods is rising in the nation due to the changing climate and rising issues like pollution and UV rays. Organic and vegan skincare products, such as anti-aging creams, serums, moisturizers, and many more, are becoming more and more popular among female consumers. As a result, the market's major participants are diversifying the products they offer. For instance, the Indian skincare company Forest Essentials debuted its goods on lookfantastic.com, a website based in London, in November 2021. The company offers over 600 high-end skincare and cosmetics items. Thus, driving the skincare market revenue.
The UK Skincare market segmentation, based on power rating includes facial care, lip care, and body care. The facial care segment dominated the market mostly. Since more women use grooming items to improve their looks and self-esteem, the market is expanding rapidly. Women are actively creating calming self-care experiences through at-home skincare routines as a result of the growing importance of self-care. This trend is fuelling the need for face care products with active ingredients that have nourishing and healing qualities.
Figure 1: UK Skincare Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The UK Skincare market segmentation, based on category, includes premium skincare products and mass skincare products. The premium skincare products category generated the most income. High-end skincare products that are linked to luxury, excellence, and frequently a higher price range are usually included in the premium category. These items may be touted as offering remarkable outcomes and frequently have sophisticated ingredients and exquisite packaging. In the UK, a few well-known high-end skincare brands are Charlotte Tilbury, Elemis, La Mer, and Clarins. Customers seeking a more luxurious and superior skincare experience are typically catered to in the premium market. Furthermore, people who are prepared to make an investment in their skincare regimen are the main target audience for high-end skincare products. This comprises those seeking specialist therapies, cutting-edge anti-aging remedies, and less price-sensitive care.
The UK Skincare market segmentation, based on distribution channel, includes specialist retail stores, supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, online retail channels, and other distribution channels. The supermarkets/hypermarkets category generated the most income. Supermarkets and hypermarkets are a good option for all customers since they provide a lot of benefits to customers, like increased worldwide brand visibility, reduced prices, and freedom of choice.
With regard to skincare, the UK is a major player. UK’s economy is the biggest in Europe and among the best in the world. Considerable consumer purchasing power is a result of its robust economy. The consumers are in a better position to spend their money on high-end skincare brands and specialized treatments, due to their increased discretionary income. Furthermore, the UK has a strong retail base that includes department shops, drugstores, pharmacies, specialty skincare boutiques, and internet merchants. Because it is easily accessible, customers may research and buy skincare products from a variety of options, both online and in physical places. Moreover, UK skincare market offers a wide choice of products to suit different skin types, issues, and preferences. This variety includes cleansers, moisturizers, sunscreens, anti-aging treatments, and specialist items like masks and serums. The skincare companies in UK are renowned for offering extensive product lines that cater to all skincare requirements.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the skincare market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, skincare industry must offer cost-effective items.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 4.5 Billion |
| Market Size 2023 | USD 4.6 Billion |
| Market Size 2032 | USD 5.9 Billion |
| Compound Annual Growth Rate (CAGR) | 3.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Category, Distribution Channel, and Region |
| Countries Covered | UK |
| Key Companies Profiled | Clarins, Unilever Plc, Allergan (SkinMedica), L'Oreal S.A., Procter & Gamble Company, Environ Skin Care (Pty) Ltd., PCA Skin, SkinCeuticals, The Estee Lauder Companies Inc., Cult Beauty |
| Key Market Opportunities | Growing awareness related to skincare Raising disposable income and improving living standards |
| Key Market Dynamics | Increasing consumer interest in natural and organic personal care goods Growing interest in anti-pollution and anti-aging products |
Frequently Asked Questions (FAQ) :
The UK Skincare market size was valued at USD 4.5 Billion in 2022.
The market is projected to grow at a CAGR of 3.00% during the forecast period, 2023-2032.
The key players in the market are Clarins, Unilever Plc, Allergan (SkinMedica), L'Oreal S.A., Procter & Gamble Company, Environ Skin Care (Pty) Ltd., PCA Skin, SkinCeuticals, The Estee Lauder Companies Inc., Cult Beauty.
The facial care category dominated the market in 2022.
The premium skincare products category had the largest share in the market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
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