The British Beauty Council has released its report on The Value of Beauty (March 2023). This report by Oxford Economics and the British Beauty Council describes findings from a refresh of this research which has quantified how the industry’s economic impact has evolved since 2018. It also presents an analysis of the wider socioeconomic contribution that the industry makes through its support of employment opportunities for a diverse workforce. Lastly, it investigates 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. The main points conclude:

• In 2022, the personal care industry supported a total GDP contribution of £24.5 billion
• The personal care industry supported employment of 550,000 across all channels of economic impact in 2022
• In 2022, the personal care industry supported tax contributions of £6.8 billion to the UK Treasury

Profiling the personal care industry and its reach across the UK:

• The personal care industry plays an important role in developing the skills of its workforce through its support of vocational education. In the 2021/22 academic year, students completed 77,000 qualifications with specialist applications to the personal care industry
• The personal care industry is notable for the consistency of its employment footprint across the entirety of the UK