United Kingdom Skincare Market Insights Forecasts to 2033

• The United Kingdom Skincare Market Size was valued at USD 4.03 Billion in 2023.
• The Market Size is Growing at a CAGR of 2.34% from 2023 to 2033.
• The United Kingdom Skincare Market Size is Expected to Reach USD 5.08 Billion by 2033.

The United Kingdom Skincare Market Size is expected to reach USD 5.08 Billion by 2033, at a CAGR of 2.34% during the forecast period 2023 to 2033.

Market Overview

Creams, lotions, and powders are self-care products that improve the quality and health of the skin while also providing nutrition. Many women and men use these products regularly for a variety of purposes, including cleansing, moisturizing, and hydration. Organic and natural skin care products have been increasingly popular lately. these days consumers are more likely to utilize ecologically friendly products and concentrate on their health when using skin-nourishing items. Customers are more likely to use items without plastic beads in them than those that do, such as exfoliating personal care products, because plastic beads are a major source of plastic pollution. Businesses like BioPowder are working to create biodegradable microbeads that may be used in exfoliating products without producing garbage. Additionally, producers are concentrating on lowering their carbon footprint by implementing enhanced production techniques that demand less energy and resources. The demand for skincare products with UV and dust protection is rising due to rising disposable income and an increase in the number of women who are employed. Skin conditions including early ageing, pimples, rashes, and many more are becoming increasingly common as a result of rising pollution. As a result, there is a growing need for anti-ageing creams. Thus, such factors are boosting the United Kingdom market growth in the forecast period.

Report Coverage

This research report categorizes the market for United Kingdom skincare market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom skincare market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the United Kingdom skincare market.

Driving Factors

Innovative and environmentally friendly product packaging that is recyclable or refillable is also in high demand. Additionally, as consumers' knowledge of animal rights has grown, they are favoring vegan foods that are made entirely of plant-based materials. As a result, United Kingdom market participants concentrate on creating vegan products in order to draw in more clients and boost sales. In addition, skin nourishing solutions are in greater demand because to growing worries about the condition of the skin caused by several factors, including acne, black spots, scars, dullness, and tanning. Younger consumers are showing a greater demand for skin-brightening creams, toners, and scrubs. On the other hand, due to the growing demand from the elderly population, products that address wrinkles or cracked heels are becoming increasingly popular. The United Kingdom's expansion of the skincare industry is expected to be supported by shifting consumer spending habits and lifestyle changes that involve high-end beauty care products.

Restraining Factors

Consumers' concerns about the use of harmful chemical compounds in skincare products limit market growth. The skincare sector faces difficult issues due to a combination of factors that impact market dynamics and customer behavior. However, it is anticipated that the expansion of the skin care industry will be hampered by elements including high prices, high initial investments, and environmental concerns related to skin care.

Market Segment

• In 2023, the face creams segment accounted for the largest revenue share over the forecast period.

Based on the products, the United Kingdom skincare market is segmented into face creams, moisturizers, cleansers, face wash, sunscreen, body creams, shaving lotions, shaving creams, and others. Among these, the face creams segment has the largest revenue share over the forecast period. The face creams are used for a variety of purposes, including night cream, sun protection, oil reduction, tan removal, acne elimination, brightening, and moisturizing. To reduce the appearance of wrinkles and fine lines, the shower cream produces a gentle foamy application that is supplemented with nourishing sweet almond oil and vitamin E that fights oxidation.

• In 2023, the convenience stores segment is expected to hold the largest share of the United Kingdom skincare market during the forecast period

On the basis of distribution channel, the United Kingdom skincare market is segmented into supermarkets, convenience stores, pharmacy, online, and others. Among these, the convenience stores segment is expected to hold the largest share of the United Kingdom skincare market during the forecast period. These retailers sell customized kits containing a variety of cosmetic products packaged together for clients, and the kits are offered at a reduced price to entice customers. Compared to hypermarkets and supermarkets, cosmetic boutiques have a wider selection of recently launched and latest products. Employees at cosmetic stores are also taught to assist customers in selecting goods based on their needs. As a result, it is anticipated that these factors would accelerate the segment's growth in cosmetic stores.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom skincare market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• PCA Skin
• SkinCeuticals
• Clarins
• Unilever Plc
• Procter & Gamble Company
• Environ Skin Care (Pty) Ltd.
• The Estee Lauder Companies Inc.
• Cult Beauty
• Allergan (SkinMedica)
• L'Oreal S.A.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In February 2023, 'Stress Facce,' a moisturizer for stressed skin, was introduced by the UK company Faace. Essential oils and plant-based components are used to make the product. The skin is calmed and less stressed by the moisturizer.

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United Kingdom Skincare Market based on the below-mentioned segments:

United Kingdom Skincare Market, By Products

• Face Creams
• Moisturizers
• Cleansers
• Face Wash
• Sunscreen
• Body Creams
• Shaving Lotions
• Shaving Creams
• Others

United Kingdom Skincare Market, By Distribution Channel

• Supermarkets
• Convenience Stores
• Pharmacy
• Online
• Others