Ungated Post | 18 Mar 2019
The Economic Impact of the Fragrance Industry
To celebrate National Fragrance week (18-24 March), this report provides the first comprehensive assessment of the contribution of the fragrance industry to the UK economy. It finds the fragrance industry has a large positive economic footprint in the UK. The industry must therefore be recognised as a valuable asset for the UK economy.
In total, we estimate the fragrance industry generated a total gross value added contribution to GDP worth £7.1 billion in 2018. From this activity it supported the employment of 126,700 people and was responsible for raising £2.1 billion in tax receipts.
This impact is centred around the wholesale and retail of fragrance products. However, there is also a notable manufacturing footprint, with additional impacts in sectors across the economy driven by the supply chain spending and consumer activity that the industry’s payment of wages creates.
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
EMEA
Pete Collings
+44 (0)203 910 8078
Email
Americas
Hamilton Galloway
+1 (646) 503 3068
Email
Asia
Christie Tang
+852 3974 8841
Email
Related Services
Post
The Economic Footprint of JLR in the UK
This report examines the economic footprint of JLR in the United Kingdom in 2024. The analysis is conducted both at the national level, as well as on the West Midlands and North West regions, where JLR’s main facilities are located.
Find Out More
Post
Airbnb’s Economic Contribution to APAC in 2024: GDP, Jobs, and Regional Impact
Airbnb's platform connects hosts across Asia Pacific (APAC) with travellers from around the world. Oxford Economics was commissioned by Airbnb to quantify its economic footprint in 10 APAC markets in 2024.
Find Out More
Post
Economic Insights: Airbnb’s Contribution Through the Lens of Oxford Economics
Oxford Economics Australia delivered a tailored economic impact assessment for Airbnb, including GDP contribution modelling, job creation analytics, guest‑spend segmentation, and regional tourism dispersion insights to underpin Airbnb’s stakeholder communications and strategic growth initiatives.
Find Out More