Despite this stagnating development in the cosmetics sector in general and colour cosmetics in particular, many other cosmetic product categories continued to flourish in 2018. This was especially valid for skincare, which has attracted more focused attention in recent years thanks to a variety of new trends and product ranges launched on the market. In Great Britain, the market value of skincare products was 2.28 billion British pounds in 2018, marking a growth trend of four consecutive years. Similarly, fragrances saw increased market value, especially from 2013 onwards. By 2018, this market was worth over 1.8 billion British pounds.
On the retail side of the spectrum, over the past decade, UK retail stores specializing in cosmetics and personal care increased their turnover from selling such products, going from 2.7 billion in 2008 to over 4.5 billion British pounds in 2017. Between 2008 and 2012, although the number of such establishments fluctuated, by 2017 there were over 1,400 stores for the retail sales of cosmetic and toiletry articles in the UK, the highest number within that period of time.
One booming global trend in the cosmetics sector is the growing demand for and availability of organic and natural cosmetic products. In the UK, the sales value of certified organic health and beauty products currently stands at over 86 million British pounds. Although organic beauty may still be considered niche compared with conventional cosmetics, the growth in the industry has been nothing short of phenomenal, with sales tripling since 2010.
Some of the most popular cosmetics brands for British consumers were homegrown names such as Boots No.7 and Rimmel, for facial cosmetic products and eye make-up ranges alike. Boots’ No.7 skincare and cosmetic line holds an especially iconic place in the UK cosmetics sector. Introduced in 1935, No.7 has since then added commercially successful products to its beauty inventory.
UK consumers are generous spenders when it comes to personal care. In 2018, spending on personal care reached over 33 billion British pounds. This represented an increase of over 10 billion British pounds from 2010. On the level of private expenditure, this translated as a weekly average of between 4.6 British pounds to 23.2 British pounds, depending on the income group.