The beauty and wellness industry is a growing marketplace, with boundaries blurring between health, beauty, and wellbeing. There has never been a more apt time than ‘Beauty starts from within’. Over the past few years, we have seen the emergence of new growth categories including ‘at home spa and salon’, along with an interest in an ever-evolving wellness sector from supplements that address our sleep, to stress and anxiety, our hormones and beauty technology.
The UK’s beauty business is thriving. Research via Statista suggests the UK consumes the third-largest amount of cosmetics in Europe, with skincare being the largest category – in particular facial skincare – worth nearly £1.8 billion. The UK organic cosmetics market size is expected to grow to £339 million by 2025. With this phenomenal growth, there is no doubt that international brands would like to dip their toes into the British beauty and wellness market.
We are really excited to be collaborating with the Trade and Investment Queensland (TIQ) to help brands from Queensland, Australia export into the UK market. We delivered a webinar for the TIQ in August where the trade ministers and several beauty and wellness brands joined us to discuss the opportunity to launch their brands into the UK. We are now working very closely with 5 of these brands, to create their go-to-market strategy for the UK, and to support them in entering the UK beauty and wellness market.
There are a few elements to consider when exporting into the UK marketplace:
There are plenty of routes to market when thinking about selling into the UK – you can go down the traditional route of bricks and mortar, via your online website or participate in tradeshows and events which help to build brand awareness. Retailers have increased their online offering significantly since the pandemic, focusing on introducing new categories such as wellness.
Selling to distributors and agents is another way that your products can make their way into new shoppers’ hands. An agent works on your behalf in return for a retainer and commission; a distributor buys the stock from you at an agreed price, and then sells this stock directly to retailers. A country manager is a hybrid between the two – working on a retainer and a commission, and working very closely with you as an extension of your team. A country manager can often manage your marketing, PR, warehousing, and distribution and has great relationships with the retailers in your sector.
This may sound a little bit daunting to start with, we can help you. Get in touch to discuss how we can support you with your go-to-market strategy for the UK.
‘As a Queensland-based company, we were determined to tap into the European market and establish a strong presence. From the very beginning, Bespoke Advantage demonstrated a deep understanding of our export goals and objectives. Their comprehensive knowledge of the European market, coupled with their extensive network of contacts, enabled them to connect us with key decision-makers and influential stakeholders in our target countries. Their strategic guidance and insights were invaluable in shaping our export strategy and positioning us for long-term success.’
‘With the assistance of TIQ, we engaged Bespoke Advantage to help us enter the highly competitive but lucrative UK market. During the last few months Janet and her team have worked diligently to introduce and expose Perfect Potion to buyers and retailers we would never have been able to reach being based in Australia.’
‘Janet has a wealth of experience across retail, buying and marketing. She conducted a full strategic review of our cross functional business and the travel retail market to develop a comprehensive buying and quality control strategy that was signed off at board level. I highly recommend her as an asset to any business.’
‘Through Janet’s management skills, expertise and proven track record on the job she successfully managed the purchasing of our retail operations and ensured the integrity of our brands in-stores. Her enthusiasm and total dedication, delivered results in any project she was involved in.’
‘Janet has excellent beauty market knowledge. Level headed with clear vision, direction and the ability to drive business forward, Janet led the teams through a complete product design change advising on what the key marketing messages should be, incorporating her technical knowledge and beauty expertise.’
‘Absolutely fantastic course. Condensed learning from Janet, an expert in developing beauty brands. Also, valuable introductions to expert professionals, in the Masterclass sessions. In 12 weeks, you will learn from Janet, what would take years to learn by yourself. A very worthwhile investment’