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Four of the world's ten largest cosmetics companies are in
the United States, and Japan and France have two each. L'Oreal remains the
world's largest cosmetics company, followed by Unilever and P&G. Cosmetics
Technology lists the top ten cosmetics companies by revenue in 2023.
World's
Largest Cosmetics Companies: Top Five by Revenue
1. L'Oréal – €27.99bn -$33.93bn
2. Unilever – €21.1bn -$25.38bn
3.LVMH – €5.24bn -$6.36bn
4. Estée Lauder – $14.29bn
5. Shiseido – JPY920.88bn ($8.73bn)
1. L’Oréal – €27.99bn -$33.93bn
L’Oréal is the sector’s largest cosmetics institution. Image courtesy of Arthur Weidmann.
French cosmetics organization L’Oréal carried out €27.99bn ($33.93bn) in revenues from institution income in 2023, a 6.29% decline from €29.87m ($36.21m) in 2021. The employer’s patron merchandise division contributed about forty one.8% of the revenues while its L’Oréal Luxe division accounted for 36.33% of the sales. Approximately 22% of the revenue got here from the expert products and active Cosmetics organizations.
The pointy decline in earnings changed into
caused with the aid of the deliver chain disruptions because of the Covid-19
pandemic. The personal care giant became again on the increase song with a
4.Eight% like-for-like acceleration in income in the fourth sector of 2023. The
sizeable closure of factors-of-sale was offset by way of L’Oréal’s sturdy
performance in virtual and e-trade platforms, with the e-trade enterprise
witnessing a 62% boom in income and accounting for 26.6% of the complete sales
in 2023.
L’Oréal is the sector’s largest cosmetics
institution with a presence in a hundred and fifty international locations. The
organisation creates and develops cosmetic merchandise throughout skin care,
haircare, makeup and perfumes. It has 36 brands in its portfolio, together with
L’Oréal Paris, Vichy, Garnier, Yves Saint Laurent Beauté, Giorgio Armani
splendor, Ralph Lauren, Maybelline ny, and Biotherm.
2. Unilever – €21.1bn-$25.38bn
Unilever offers products across different categories, including beauty and personal care, household cleaning products, and toothpaste. Image courtesy of Unilever.
British multinational client items corporation Unilever’s
revenues fell 2.4% yr-on-year to €50.7bn ($60.99bn) in 2023. The enterprise’s
splendor & personal Care segment registered the highest revenues amongst
its diverse enterprise devices. The section said €21.1bn ($25.38bn) in revenue,
that's about 41.Sixty one% of the entire turnover. Approximately 20.Seventy
one% of Unilever’s turnover got here from the home Care division, at the same
time as the ingredients & Refreshment commercial enterprise contributed the
last 37.67%.
3.LVMH – €5.24bn ($6.36bn)
LVMH’s new Bvlgari Allegra fragrance collection was released in January 2021. Picture courtesy of Bvlgari.
LVMH, a luxurious goods corporation based totally in France,
suggested €forty four.65bn ($54.26bn) in sales, a 17% yr-on-yr decrease from
€fifty three.67bn ($65.23bn) in 2019. Its Perfumes & Cosmetics business
accounted for 11.7% of the overall income revenues. Sales from Perfumes &
Cosmetics witnessed a 23% decline to €5.24bn ($6.36bn) at the same time as
Watches & jewelry, Selective Retailing, style & leather-based items,
and Wines & Spirits fell via 24%, 31%, 5%, and 15% year-on-year,
respectively.
4. Estée Lauder – $14.29bn
Estée Lauder’s skin care category grew by 12.68%, at the same time as the make-up category fell via 18%. Photo courtesy of The Estée Lauder agencies Inc.
Transient retail keep closures because of the coronavirus pandemic caused a 4% yr-on-yr fall in Estée Lauder’s internet income to $14.29bn. It turned into in part offset by an growth in sales through on-line channels. The enterprise’s revenues have been also boosted via net income of perfumes and cosmetics maker Have&Be, which changed into acquired through Estée Lauder in December 2019. The enterprise implemented digital techniques to decorate income through tapping on line patron call for all through the second one half of 2023.
Estée Lauder’s skin care products category confirmed resilience, recording a 12.Sixty eight% increase to attain net sales of $7.38bn even as its makeup, haircare, and fragrance classes declined 18%, 12%, and 13%, respectively. Estée Lauder’s earnings within the Americas and Europe, the middle East & Africa decreased year-on-12 months by way of 20% and 3%, respectively. The Asia Pacific place, but, saw a fifteen% boom in internet sales, with a mainly strong overall performance in Mainland China.
5. Shiseido – JPY920.88bn ($8.73bn)
Shiseido’s net income fell with the aid of 18.6% 12 months-on-yr in 2020. Photograph courtesy of Wpcpey.
One of the oldest cosmetics organizations within the global,
japanese multinational non-public care agency Shiseido witnessed an 18.6% 12
months-on-year fall in internet sales to JPY920.88bn ($8.73bn). Its Japan
commercial enterprise phase accounted for 32.Nine% of the total income even as
the China business contributed 25.Nine%, with the last sales coming from
Americas (9.9%), EMEA (10.Three%), journey Retail (10.7%), Asia Pacific
(6.Four%), ex
pert (1.Four%) and other (2.8%) enterprise.
The employer is making an investment within the top rate
pores and skin beauty class and virtual structures to enhance growth. Its net
sales are projected to increase by 19% JPY1.1tn ($10.43bn) in 2021, normally
driven with the aid of a 33% growth in China and 27% growth inside the
Americas.
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