Group 1 - The UK beauty industry is experiencing significant growth, with a market size of £30.4 billion, growing at a rate four times faster than the overall economy [1] - Non-surgical treatments and beauty services are the fastest-growing segments, with a projected growth rate of 15% in 2024 [1] - The beauty industry's direct contribution to the UK GDP exceeds that of the sports and entertainment sectors, accounting for 1.1% of the total economy [1] Group 2 - The industry is expected to create 48,000 new jobs in 2024, primarily in salons and clinics, bringing total direct employment to 496,000, surpassing the public utilities and telecommunications sectors [1] - Social media and celebrity influence are driving trends, with 23% of men aged 18-34 having tried cosmetic procedures, slightly higher than women in the same age group [1] - The number of men receiving facial injections has increased by 70% over the past two years [1] Group 3 - However, the UK beauty products export value is projected to decline to £4.3 billion in 2024, significantly lower than the peak around 2010 [2] - The decline in exports is attributed to Brexit and increased global trade barriers, prompting calls for policymakers to alleviate export pressures [2] - Despite strong fundamentals, the growth rate of the UK medical aesthetics industry is expected to slow to around 3% in 2025 due to cautious consumer spending on beauty [2]