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UK Health & Beauty Sector Report | Insight & Data

March 2024

What's included in this report?

  • Market Share - Top 10 Health & Beauty retailers
  • Market Size estimates (£m)
  • Health & Beauty Sales Growth by category
  • Total Spending by category (£m)
  • Online Health & Beauty Sales (y-o-y)
  • Forecasts for 2024 - 2028
  • Footfall by channel and region
  • Regional Weather data and more…

UK Health & Beauty Sector Report : March 2024

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Report Summary

Period covered: 31 December 2023- 27 January 2024

3 minute read

 

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or take out a free 30 day membership trial now.

 

Health & Beauty Sales

Health & Beauty sales rose by xx% YoY in January, against the same rise a year ago, according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted).

Performance was influenced by several key drivers:

January promotions: Retailers discounted heavily in January, which supported shop price inflation softening to its weakest level since xxxx xxxx.

Mixed weather: January’s weather was changeable, with icy conditions interspersed with various storms bringing 80-mph winds and heavy rain. The weather disrupted sales throughout the month, although in general temperatures were above average.

Focus on wellbeing: New Year resolutions brought renewed focus on wellbeing, helping Health and Beauty to continue outperforming as consumers chose healthy behaviours that supported cosmetics and wellness products.

Consumers spending outside of retail: January is usually a month for cutting back after the excesses of Christmas, but while spending in restaurants fell, consumers spent 6.5% more in bars, pubs and clubs, and 5.5% more on takeaways. Consumers also indulged in booking annual holidays, with airline spend up 9.3%, and travel agent spend up 8.3% (Barclaycard).

Consumer confidence ticks up: GfK’s consumer confidence index showed an increase in the overall index of three points, rising from -22 in December to -19 in January.

Confidence in the general economic situation for the next 12 months logged the biggest increase, although consumers also report feeling more positive about their personal finances.

Health & Beauty remains the strongest non-food category, outperforming as consumers continue to exhibit recessionary behaviours and treat themselves to small indulgences.

The January trend for health and wellness, as well as the annual uptick in winter viruses, also helped to boost the sector’s performance.

However, it is also worth noting that inflation in the category remains higher than other non-food sectors at 6.9% (ONS), which is also supporting topline sales growth.

Sunscreen and liquid soap saw the highest price increases in the year to January, rising xx%.

 

 

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Outlook for personal finances improves but caution remains

Source: Retail Economics, NatWest

Latest monthly UK Health & Beauty Sector Report

Report: January 2024 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
Report: December 2023 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
Report: November 2023 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
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Report Contents

UK Health & Beauty Sector Report Report
  • Executive Summary

  • Sector analysis

  • Health and Beauty – Retail Economics Index

  • Macro Factors

  • Household Spending

  • Consumers

  • Footfall

  • Labour market

  • Earnings

  • Costs, Prices and Margins

  • Weather Watch

  • Average Temperature

  • Average sunshine hours

  • Average Rainfall

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About our reports and subscriptions

Retail Economics publishes monthly Retail Sector Reports for the UK Food & Grocery sector giving you actionable insights for your business.

 

It provides in-depth analysis of the latest macroeconomic and consumer trends affecting the UK Health & Beauty sector including market size estimates for: Cosmetics, Toiletries, OTC medication, Fragrances, Hair Products, Paper Products, Babycare, Personal Grooming and more.

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