PUBLISHER: GlobalData | PRODUCT CODE: 1354395
PUBLISHER: GlobalData | PRODUCT CODE: 1354395
The UK Health & Beauty report offers a comprehensive insight into the Health & Beauty market in the UK, analysing the sector, the major players, the main trends, and consumer attitudes, as well as providing market forecasts out to 2027.
The UK health & beauty market experienced robust growth in 2022. This was driven by the post-pandemic bounce back and a return to summer holidays, alongside high inflation in the market. Indeed, the cost-of-living crisis drove significant growth in this sector in 2022, with annual inflation of almost 8% in the health & beauty market, while volumes declined. The essential nature of many of the health & beauty categories forced consumers to endure higher prices for day-to-day necessities, such as deodorants, toilet paper and babycare products - with consumers only having the option to trade down or switch away to a cheaper retailer, rather than stop purchasing these items altogether. Comparatively, consumption of non-essential subcategories, such as cosmetics and fragrances, were reined in. Consumer confidence and personal finances are likely to improve as inflation rates fall back.