Cosmetics: Market value in Great Britain 2009-2022

Over the past years, the cosmetics market value in Great Britain has generally increased. However, since 2017, the cosmetics market value in the UK has displayed a downward trend, dropping to a low of about 8.5 billion British pounds. This is a decrease in market value of around 1.3 billion British pounds as compared to the highest market value 2017.

Export market for the UK’s cos metics industry

According to the top ten export markets of the UK’s cosmetics industry, the 2021 leading market is the Irish Republic having an export value of 481 million British pounds. Surprisingly, the smaller EU country of Belgium is in second place, generating approximately 447 million British pounds in export value. The United States rounds out the top three and generates approximately 335 million British pounds in export for the UK. Overall, the UK’s cosmetics industry focuses most of its exports on European countries as 64.8 percent of the exports go to the EU-27 countries.

Cosmetics consumption in Europe

As the EU’s most populated country and economic powerhouse, Germany consumed the most personal care and cosmetics products in 2021. At 13.6 billion Euros, Germany’s cosmetics industry revenue was approximately 1.6 billion euros higher than France's, which came in second place for consumption. Italy followed in third place at 10.6 billion euros.