Market Size of UK Skincare Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.14 Billion |
| Market Size (2029) | USD 4.66 Billion |
| CAGR (2024 - 2029) | 2.41 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Skincare Market Analysis
The UK Skincare Market size is estimated at USD 4.14 billion in 2024, and is expected to reach USD 4.66 billion by 2029, growing at a CAGR of 2.41% during the forecast period (2024-2029).
- The United Kingdom's skincare market is driven by consumers' inclination toward the consumption of premium skincare products. Consumers in the country are opting for the use of skincare products like moisturizers, cleansers, serums, and other products due to increasing skin problems.
- Young consumers in the country are using organic skincare products. Owing to this, the market players in the country are launching new and innovative products to cater to consumer demand. For instance, in April 2023, Unilever brand Dove reformulated a body wash with plant-based ingredients and a hypoallergic variant.
- Additionally, due to rising disposable income and an increasing working population of women, the demand for skincare products with UV protection and dust protection is increasing. Due to increasing pollution, skin problems like premature aging, blemishes, skin rashes, and many more are increasing. Owing to this, the demand for anti-aging creams is increasing. The market players are launching new anti-aging creams to cater to consumer demand.
- For instance, in September 2022, The Body Shop reformulated anti-aging skin care products with natural peptides and defense mechanisms. Over the medium term, the demand for skincare products is expected to increase owing to the increasing demand for natural and organic skincare products in the country.
