The UK health and beauty market is a dynamic and rapidly evolving sector, driven by innovation and the rapid and continuous development of new products to stay ahead of trends and meet consumer demands.
Product development in the UK health and beauty market involves a combination of advanced scientific practices to create innovative creams, gels, powders, devices, supplements and even software.
Innovation is essential in this competitive industry, requiring companies to be timely, relevant, and able to balance cost-effectiveness with a high quality of not just product, but packaging.
R&D projects in the UK health and beauty sector can have extremely varied aims, concerning areas such as:
- Raw Materials
- Mixing and Formulation
- Testing and Analysis
- Delivery Devices and Packaging
- Measurement/Visualisation Technology
- Fragrance Development
- Pigment Development
- Multifunctional Formula Development
- Supply Chain Localisation
Beyond the material sciences, life science research in this industry may involve aspects of medicine, dietetics, dermatology, behavioural science, and brain science.
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Download the latest whitepaper in our Grantica Insights series to learn more about the Market dynamics for the health and beauty industry in 2023. Our whitepaper offers a market breakdown of the health & beauty industry, a look at key and trending areas of innovation in the industry, and the top sources of innovation funding supporting health & beauty R&D in the UK.