2024
9
UK Beauty and Personal Care Retailing Market Report 2024
2024-02-19T10:02:44+00:00
REP2913360E_F5DA_43E1_B31C_8D0A322AF70D
2195
170658
[{"name":"Beauty and Personal Care","url":"https:\/\/store.mintel.com\/industries\/beauty-personal-care"}]
Report
en_GB
"While savvy shopping habits particularly for soap, bath and shower dented value sales, beauty markets such as fragrances benefited from being seen as an affordable luxury." Tamara Sender Ceron,…

UK Beauty and Personal Care Retailing Market Report 2024

£ 2,195 (Excl.Tax)

Description

Stay ahead of the curve and secure future growth for your business with Mintel’s UK Beauty and Personal Care Retailing Market Report 2024. This report provides expert analysis of the UK beauty retail industry, including vital market statistics, consumer insights, and expected industry trends over the next 12 months and beyond.

Key Issues Covered in this Report

  • How is the cost of living squeeze impacting the BPC market and what savvy shopping behaviours are consumers adopting?
  • How and where people have bought beauty and personal care in the last 12 months.
  • What would encourage consumers to visit stores to buy products.
  • Driving growth in the BPC gifting market
  • Changing attitudes to buying BPC products in the last year and interest in the latest innovations.

Beauty and Personal Care Industry UK Retail Overview

Consumer spending on BPC products rose 6% in 2023 as price rises lifted value sales. While the cost-of-living crisis led to more savvy shopping behaviours particularly for personal care products such as soap, bath and shower products, other categories in beauty such as fragrances benefited from their positioning as an affordable luxury, as consumers looked to treat themselves amid a challenging economic climate.

  • UK beauty and personal care market size: Consumer spending increased to an estimated £11.3 billion in 2023.
  • UK beauty and personal care retail market forecast: Easing inflation and renewed spend on going out and holidays will boost spend in BPC. The BPC market is expected to reach £12.6 billion in 2028.

UK BPC Retail Consumer Insights

65% of consumers think brands should be more transparent about the environmental impact of their products. Brands can respond to concerns around greenwashing by making sustainability statistics easier to understand with in-store displays or by comparing carbon emissions of a beauty product to products like clothing or coffee.

64% of Gen Zs agree that using product dupes is a good way to save money. The growing popularity of dupe culture as part of more savvy shopping behaviours is a challenge to premium brands, which need to find creative solutions to compete against cheaper alternatives.

Purchase the full report for more consumer insights, as well as a complete overview of the BPC retail industry and opportunities for future growth in the market. Readers of this report may also be interested in Mintel’s UK Prestige Beauty Consumer Market Report 2024.

More About This Report

This report examines the UK beauty and personal care retailing market for men and women aged 16 and over. It covers beauty, personal care, bpc accessories and electricals, and health and wellbeing products.

This report features brand research of the market leaders in the BPC retail space, including Boots, Superdrug, Sephora, Avon, Space NK, and Neal’s Yard Remedies.

Additional Features Included With Your Purchase

  • Interactive Databook: Each Databook is provided as an interactive website where you can deep dive into our consumer research data on your chosen topic so you can draw your own conclusions.
  • Consumer Confidence Tracker: Our Trackers paint the picture of the economic confidence and major concerns of up to 40 different demographics, tracking changes in attitudes over time.
  • Custom PowerPoints: Incorporate our consumer research data into your own work so you can win over your clients and stakeholders. Select insights from your report to create a custom presentation that is ready to download in minutes.
  • Different Digital Formats: PDF for conveniently sharing with your team, PowerPoint for quickly including in your presentations.
  • Mintel’s Clients Portal: Our portal provides instant access to actionable analysis, podcasts, and trend pieces relevant to your industry that are published almost daily, as well as our annual Global Consumer Trends. You can also browse our extensive catalogue of market research reports.

Expert Analysis from a Retail Industry Specialist

This report, written by Tamara Sender Ceron, a leading analyst in the retail sector, delivers in-depth commentary and analysis to highlight current trends in the beauty and personal care retail industry and add expert context to the numbers.

While savvy shopping habits particularly for soap, bath and shower dented value sales, beauty markets such as fragrances benefited from being seen as an affordable luxury.

Tamara Sender Ceron

Tamara Sender Ceron
Associate Director, Fashion Retail

Table of Contents

    • Key issues covered in this Report
  1. Executive Summary

    • Opportunities for the BPC retailing market
    • Market dynamics and outlook
    • What consumers want and why
    • Graph 1: beauty and personal care items purchased in the last 12 months, 2023
    • Graph 2: beauty and personal care items purchased as a gift in the last 12 months, by gender, 2023
    • Graph 3: channels used to purchase beauty and personal care, 2020-23
    • Graph 4: where consumers have bought beauty and personal care products in the last 12 months, 2023
    • Graph 5: what drives in-store shopping, by gender, 2023
    • Graph 6: what encourages people to buy one product over another as a gift, 2023
    • Graph 7: attitudes to shopping for beauty and personal care, 2023
    • Retailer activity
    • Graph 8: [no title]
  2. Market Dynamics

    • Market size
    • Graph 9: market size for consumer spending on beauty and personal care products (including VAT), 2018-23
    • Market forecast
    • Market segmentation
    • Sector size and forecast
    • Graph 10: health and beauty specialist’ sales (including VAT), 2018-23
    • Outlet and enterprise numbers
    • Online
    • Graph 11: market size for online BPC, 2018-23
    • Macro-economic factors
    • Graph 12: the financial wellbeing index, 2016-23
    • Graph 13: CPI inflation rate, 2022-23
    • Graph 14: spending priorities if financial situation significantly, July and November 2023
    • Graph 15: “Do you think that a significant increase in interest rates would have a positive or negative impact on your financial situation?”, 2023
    • Graph 16: predicted change in age structure of the UK population, 2023-28
  3. What Consumers Want and Why

    • What they buy
    • Graph 17: beauty and personal care items purchased in the last 12 months, 2023
    • Graph 18: beauty and personal care items purchased in the last 12 months, 2021-23
    • Graph 19: types of beauty products purchased in the last 12 months, by gender and age group, 2023
    • Graph 20: beauty and personal care items purchased as a gift in the last 12 months, 2023
    • Graph 21: beauty and personal care items purchased as a gift in the last 12 months, by gender, 2023
    • How they shop
    • Graph 22: channels used to purchase beauty and personal care, 2020-23
    • Graph 23: channels used to purchase beauty and personal care, by generation, 2023
    • Graph 24: channels used to purchase beauty and personal care, 2023
    • Graph 25: channels used to purchase beauty and personal care, by generation, 2023
    • Where they shop
    • Graph 26: where beauty and personal care items were purchased, 2023
    • Graph 27: types of retailers shopped at for BPC products, by generation, 2023
    • Graph 28: where consumers have bought beauty and personal care products in the last 12 months, 2023
    • What encourages people to shop in-store
    • Graph 29: what encouraged people to shop in-store instead of online, 2023
    • Graph 30: what drives in-store shopping, by gender, 2023
    • What drives gifting
    • Graph 31: what encourages people to buy one product over another as a gift, 2023
    • Attitudes to beauty and personal care
    • Graph 32: attitudes to shopping for beauty and personal care, 2023
    • Graph 33: agreement with value own-label ranges being just as effective as premium own-label
    • Graph 34: attitudes to shopping for BPC via social media platforms, 2023
  4. Retailer Activity

    • Key metrics and market share
    • Leading specialists
    • Leading non specialists
    • Graph 35: [no title]
    • Market shares
    • Launch activity and innovation
    • Advertising and marketing activity
    • Graph 36: total above-the-line, online display and direct mail advertising on beauty and personal care, 2019-23
  5. Brand Research

  6. Appendix

    • Market forecast data and methodology
    • Report scope and definitions
    • Methodology

About the report

This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

Market

Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.

Consumer

Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

Brand/Company

Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.

Data

Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

*databooks not available with UK B2B Industry reports.

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2024 Sample Consumer Cover

Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.

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