Our Economic Impact
The cosmetics and personal care products industry is one of the most dynamic and innovative industries driving the U.S. economy.
Communities across the country rely on the industry’s economic and social contributions to support jobs and spur economic growth. To better understand the value of these contributions, PCPC works with PwC to measure the economic and social impact of the personal care products industry, using the most recent government data available.
- The personal care products industry accounts for nearly $237 billion to U.S. GDP, supports 3.6 million domestic jobs that earned $144.3 billion in wages and incomes through its direct, indirect, and induced contributions.
- Our industry plays an important role on the global stage. In 2014, personal care products manufacturers exported $16.9 billion worth of products and produced a $5.8 billion trade surplus — more than 50 percent higher than imports.
- We support a wide range of corporate social responsibility programs, issues and causes that make our communities better places to live. Per $1 million of sales, our charitable contributions were more than double the average contributions for all major industry sectors.
- We employ approximately 6,000 scientific and technical professionals dedicated to ensuring product and ingredient safety.