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Date posted on DIARY directory: Tuesday 1st July 2025
The British Beauty Council has published The Value of Beauty 2025, an annual report compiled by Oxford Economics and commissioned by the British Beauty Council, showing the economic impact of the personal care industry.
Vasilis Douzenis, Associate Director of Oxford Economics’ Economic Impact department, said: ‘The UK beauty and personal care sector saw stable growth in 2024, supported by strong consumer spending. The sector grew significantly faster than the overall UK economy and is supporting a growing share of the country's GDP, jobs, and tax revenue. Beauty now directly contributes a larger share of GDP than the sports, amusement, and recreation sector. It also employs more jobs than the publishing and broadcasting sector.’
Beauty continues to boast a strong workforce despite slowing growth
Beauty’s tax contributions continue to rise in wake of government measures
Beauty industry exports decline with EU continuing to characterise trading
Millie Kendall OBE, CEO of the British Beauty Council, said: 'Beauty's drop in exports, and top exporting locations, doesn't come as a surprise given the repercussions of not only Brexit but also the fluctuation in trade red tape globally. With 70% of beauty's exports going to the EU, it is markedly important that policymakers mitigate trading challenges to the rest of the World to aid our global growth. That said, there is a clear appetite from brands to focus on their home market, building our reputation in the UK.’
To view the full report, visit britishbeautycouncil.com.
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