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
Associate Director, Fashion Retail