Mar 13, 2025
IndexBox has just published a new report: United Kingdom - Beauty, Make-Up And Skin Care Preparations - Market Analysis, Forecast, Size, Trends And Insights.
The UK beauty, make-up, and skin care market is set to experience steady growth, with a forecasted CAGR of +1.2% in volume and +2.7% in value from 2024 to 2035. By the end of 2035, the market is projected to be worth $2.1B, reflecting the rising popularity and consumption of beauty products in the country.
Market Forecast
Driven by increasing demand for beauty, make-up and skin care preparations in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market volume to 144K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.7% for the period from 2024 to 2035, which is projected to bring the market value to $2.1B (in nominal wholesale prices) by the end of 2035.
Consumption
United Kingdom's Consumption of Beauty, Make-Up And Skin Care Preparations
In 2024, consumption of beauty, make-up and skin care preparations in the UK skyrocketed to 126K tons, with an increase of 83% on the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.
The value of the market for beauty, make-up and skin care preparations in the UK surged to $1.6B in 2024, rising by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a tangible expansion. Consumption of peaked in 2024 and is expected to retain growth in years to come.
Production
United Kingdom's Production of Beauty, Make-Up And Skin Care Preparations
In 2024, approx. 46K tons of beauty, make-up and skin care preparations were produced in the UK; approximately mirroring 2023. Overall, production, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2019 with an increase of 12% against the previous year. Production of peaked at 57K tons in 2013; however, from 2014 to 2024, production failed to regain momentum.
In value terms, production of beauty, make-up and skin care preparations stood at $1B in 2024 estimated in export price. In general, production, however, showed a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Production of peaked at $1.2B in 2013; however, from 2014 to 2024, production failed to regain momentum.
Imports
United Kingdom's Imports of Beauty, Make-Up And Skin Care Preparations
In 2024, the amount of beauty, make-up and skin care preparations imported into the UK skyrocketed to 139K tons, picking up by 46% against the previous year. In general, imports recorded a relatively flat trend pattern. Imports peaked at 159K tons in 2017; however, from 2018 to 2024, imports failed to regain momentum.
In value terms, imports of beauty, make-up and skin care preparations expanded notably to $2.3B in 2024. Overall, total imports indicated a perceptible increase from 2013 to 2024: its value increased at an average annual rate of +4.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +59.3% against 2020 indices. The most prominent rate of growth was recorded in 2023 when imports increased by 20% against the previous year. Over the period under review, imports of hit record highs in 2024 and are likely to continue growth in years to come.
Imports By Country
China (19K tons), Poland (17K tons) and the United States (17K tons) were the main suppliers of imports of beauty, make-up and skin care preparations to the UK, together accounting for 39% of total imports. France, Germany, Spain, Italy, Canada, Greece, the Netherlands and Thailand lagged somewhat behind, together comprising a further 45%.
From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest beauty, make-up and skin care preparations suppliers to the UK were the United States ($416M), France ($361M) and Canada ($225M), with a combined 44% share of total imports.
In terms of the main suppliers, Canada, with a CAGR of +25.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices By Country
The average import price for beauty, make-up and skin care preparations stood at $16,358 per ton in 2024, falling by -25.4% against the previous year. Over the period under review, the import price, however, saw moderate growth. The most prominent rate of growth was recorded in 2023 when the average import price increased by 59% against the previous year. As a result, import price reached the peak level of $21,919 per ton, and then dropped dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Canada ($58,986 per ton), while the price for Greece ($7,042 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Spain (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports
United Kingdom's Exports of Beauty, Make-Up And Skin Care Preparations
In 2024, the amount of beauty, make-up and skin care preparations exported from the UK declined dramatically to 59K tons, which is down by -18.1% against 2023 figures. Over the period under review, exports saw a mild shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Over the period under review, the exports of attained the maximum at 85K tons in 2019; however, from 2020 to 2024, the exports stood at a somewhat lower figure.
In value terms, exports of beauty, make-up and skin care preparations reduced to $1.7B in 2024. The total export value increased at an average annual rate of +2.1% over the period from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports attained the peak of $1.9B. From 2022 to 2024, the growth of the exports of failed to regain momentum.
Exports By Country
Ireland (12K tons), Belgium (7.9K tons) and the United States (7.3K tons) were the main destinations of exports of beauty, make-up and skin care preparations from the UK, with a combined 46% share of total exports. Germany, the Czech Republic, the Netherlands, the United Arab Emirates, France, Poland, Spain, Switzerland and Australia lagged somewhat behind, together accounting for a further 29%.
From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +29.9%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for beauty, make-up and skin care preparations exported from the UK were Belgium ($253M), Ireland ($233M) and the United States ($178M), with a combined 39% share of total exports. The Czech Republic, Germany, France, the Netherlands, Poland, the United Arab Emirates, Spain, Switzerland and Australia lagged somewhat behind, together comprising a further 34%.
The Czech Republic, with a CAGR of +37.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices By Country
In 2024, the average export price for beauty, make-up and skin care preparations amounted to $28,717 per ton, growing by 14% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +3.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2024, amid the top suppliers, the country with the highest price was France ($46,423 per ton), while the average price for exports to Ireland ($19,717 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform
