UK Health & Beauty Market Trends Discussed by GlobalData in Its In-Demand Topical Report Available at MarketPublishers.com05 Oct 2017 • by Natalie Aster
LONDON – The health and beauty market in the UK is poised to increase by 21.1% between 2017 and 2022, driven partially by inflation that is likely to reach 2.1% this year, which is the highest level since the year 2000.
Stores still remain the key purchase channel, accounting for 93.5% of sector shopers makin purchases instore. However, the online shopping continues to gain popularity at a high pace, online sales are expected to grow tremendously by 65.9% through 2022, to reach 11.6% of the overall market.
The skincare segment is projected to be the most rapidly-growing segment of the total UK health and beauty market during 2017-2022, encouraged by continued product innovation in both premium and mass markets.
Today, the health and beauty market in the UK remains very female dominated, with women accounting for a share of 78% of all purchases in the category. Therefore, retailers need to better explore men’s interests and demand in order to encourage them to make purchases.
Topical research report “The UK Health & Beauty Market 2017-2022” prepared by GlobalData gives an all-round overview of the market landscape and major sectors at a national level. It reviews the major participants and describes competitive landscape in the country, canvasses top development trends, explores consumer attitudes and preferences, examines demand driving and restraining factors, as well as discusses the hottest issues having influence on the market scenario. Moreover, this publication highlights the key strategies for success, uncovers data on the market size, shares and growth rates; identifies emerging growth opportunities and promising growth sectors, and offers a future outlook for the UK health and beauty market through 2022.
A full collection of GlobalData’s in-demand research studies visit the publisher’s online catalogue at MarketPublishers.com.