The Black Pound and Health and Beauty Debate
The Black Pound Report 2022 found that disposable income worth up to £4.5bn is being “ignored” by big companies.
Black, Asian and Minority Ethnic (BAME) consumers are spending £230m every month on health and beauty, but nearly four in 10 Black women still find it difficult to buy cosmetics and skin care. According to the research, BAME consumers spend 25% more on health and beauty products than any other consumer, with 22% needing to go to specialist shops – rising to 30% for Black women - to buy health and beauty items.
As consumers, it's crucial that we not only recognise these imbalances but also advocate for inclusivity and accessibility. Share your thoughts on these revelations and let's drive a meaningful dialogue towards a more equitable future in the realm of health and beauty below.
More and more Black entrepreneurs are now creating their own products to support their customers needs. Source: Derek 'DeClutter' Clement