DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9nzl92/cosmetics_and) has announced the addition of the "Cosmetics & Fragrances Market Report 2013" report to their offering.

This Market Report Plus analyses the market for cosmetics and fragrances within the UK, including products such as lip, eye and facial make-up, and nail care products, as well as perfumes and eau de toilettes. The report also analyses key market trends and consumer penetration of such products in the UK, and discusses key competitors and brand strengths.

Despite the ongoing economic doom and gloom that has hit UK households in recent years, spending on cosmetics and fragrances has continued to observe year-on-year increases since at least 2008, with the authors estimating total market value to have risen by 25.6% over the past 5 years. The fact that many consumers now consider both cosmetic and fragrance products to be essential, everyday items is likely to have boosted spending within the market in recent years, with many analysts suggesting that it could even be considered recession-proof.

In addition, the market has remained noticeably unaffected by trends towards discount and value items, which has impacted other market sectors, such as clothing for example, by eroding market value to a certain extent, with buyers keen to obtain products for the cheapest price possible due to financial constraints. The brand strength of cosmetics and fragrances has played a key part in this, with consumers still favouring well-established premium brands, such as Estée Lauder, Dior and Chanel, and many prepared to pay that extra bit' to obtain higher quality goods.

No doubt the increasing emphasis on maintaining a healthy and youthful complexion has gone towards the market's continued strength in recent years, with anti-ageing serums and creams observing significant increases in sales. The ageing population within the UK has also helped to boost this particular sector of the market, serving to generate demand for skincare products. Other major trends that have had an impact on the market in recent years include the interest in ethical and natural cosmetics, as well as male grooming ranges, nail products and luxury brands.

The next few years should see the market continue to grow year-on-year, albeit at a relatively slow pace. The ongoing economic recovery, which although slow should remain consistent over the next 5 years, is likely to help drive spending on cosmetic and fragrance products, particularly those positioned at the premium end of the market. New product development (NPD) is likely to continue to remain fast-paced, with anti-ageing products and cosmeceuticals, likely to remain important sources of revenue for manufacturers in the future. Altogether, the authors estimate sales of cosmetics and fragrances in the UK to increase by 23.6% between 2013 and 2017.

Companies Mentioned

- Avon

- Chanel

- Coty

- Estée Lauder

- L'Oréal

- Moët Hennessy Louis Vuitton Group

- Procter and Gamble

- Alliance Boots

- L'Oréal Group

- Walgreens

- Avon Products Inc

- Estée Lauder

For more information visit http://www.researchandmarkets.com/research/9nzl92/cosmetics_and

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