Perfume & Cosmetics Wholesaling in the UK - Market Research Report (2014-2029)

Slow descent: Cost-of-living pressures eat into sales of premium products, pushing revenue down

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Over the five years through 2022-23, perfume and cosmetics wholesaling revenue is forecast to contract at a compound annual rate of 1.3% to £7.7 billion. COVID-19 restrictions hit the industry hard, with the forced closures of key sales channels like department stores and speciality retailers cutting into sale; though this was offset by a boost in demand from supermarkets, revenue still plummeted in 2020-21. In 2022-23, industry revenue is set to drop by 4.4% as rampant inflation constrains disposable income, leading many people to reduce discretionary perfume and cosmetic purchases or shift to cheaper alternatives.

Companies in this industry wholesale and distribute perfumes, cosmetic products, soaps and other toiletries. A range of distribution channels are used in order to target different consumer groups.