The Value of Beauty 2023

The personal care industry provides goods and services that households rely on every day, from basic toiletries through to luxury cosmetics and hairdressing and beauty services.In 2019, the British Beauty Council and Oxford Economics launched the first comprehensive study of the value the personal care industry creates for the UK economy in terms of its contribution to GDP and the jobs it sustains. For the first time, this helped to establish an economic footprint of the industry, as it straddles several different official industry classifications.This report by Oxford Economics and the British BeautyCouncil describes findings from a refresh of this research which has quantified how the industry’s economic impact has evolved since 2018. We also present analysis of the wider socioeconomic contribution that the industry makes through its support of employment opportunities for a diverse workforce. Lastly, we investigate the impact of various structural changes that the industry is faced with, and how these present both opportunities and challenges to businesses operating within the sector. Hosted on Acast. See acast.com/privacy for more information.