This Key Note Market Report examines the UK market for cosmetics and fragrances, covering make-up products for the lips, eyes, face and nails including lipsticks, mascaras, foundations and nail varnishes, as well as fine fragrances, perfumes and aftershaves. Today, many of these products are considered to be everyday essentials.
The value of the UK market for cosmetics and fragrances at retail selling prices is estimated to have grown by 23% between 2010 and 2014. The market exhibited strong growth across the 5-year review period, although annual growth has weakened slightly in recent years compared with the period prior to the global financial crisis. Sales of cosmetics experienced robust growth over the review period, rising by 26.6%, compared with an increase of 18.7% in sales of fragrances.
Facial make-up was the largest sector within the UK cosmetics market in 2014, accounting for 37.1% of the total market by value. Many women see face make-up as everyday essential products; as such, there is ongoing demand for these items. The second largest sector within the cosmetics sector is eye make-up, which made up 33% of total sales, followed by lip products (17.1%) and nail products (12.8%).
The UK market for cosmetics and fragrances is dominated by several large international cosmetic, beauty and personal care companies including France-based L’Occitane and L’Oréal Group, US-based Avon, Coty and Estée Lauder, and Germany-based Procter & Gamble (P&G). Major retailers of cosmetics and...