$480.6bn
$XX.Xbn
684k
15,359
$XX.Xbn
Global cosmetic manufacturers performed relatively well over the past five years. This industry provides a wide array of products; many of these are non-discretionary, which partly shield manufacturers from major disruptions seen during the COVID-19 pandemic. However, product lines like fragrances, parts of skincare and makeup are fully discretionary. As the disruptions ran their course, consumers spent less and remained at home to stop the spread of the virus. Because of this, demand for discretionary products plummeted, leaving a huge glut in demand within the market. In more recent years and following the containment of the virus, a return of consumer spending and disposable income has led to heightened demand for discretionary products again; this growth led to a strong recovery.
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $480.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
L'Oreal SA | 42,736.0 | 8,328.0 | 19.5 | |
Unilever | 28,816.8 | 4,927.7 | 17.1 | |
Beiersdorf AG | 9,919.6 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Skincare, Hair care and Makeup. Skincare is the largest segment of the Global Cosmetics Manufacturing.
The most expensive products in the market are creams, lotions and oils in the skincare segment
The Global Cosmetics Manufacturing industry prepares, blends, compounds and packages toilet preparations and personal care products, including perfumes and fragrances, hair care, makeup, oral care, personal hygiene and skincare products. Operators in this industry are large multinational organizations that operate across the globe. Industry products are predominantly sold in downstream grocery, mass merchandisers and specialty retail stores.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
A reversal of consumer trends will benefit manufacturers over the outlook period. Growing consumer spending and global per capita income can bolster revenue greatly.
Learn about an industry's products and services, markets and trends in international trade.
The makeup segment must keep up with rapidly changing innovations and consumer preferences. This segment is more volatile than others.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Europe and the Americas dominate the market. These regions house the largest cosmetic manufacturers in the world and are massive downstream markets.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Rapid acquisition occurred, with major cosmetic manufacturers acquiring massive companies. Namely, L'Oreal's deal to acquire Australian company Aesop and Unilever's acquisiti...
Learn about the performance of the top companies in the industry.
Several massive acquisitions among the largest companies mark this period. Namely Unilever and L'Oreal's movements in the global markets.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Companies with product differentiation were better equipped to handle volatility. This is especially true for larger companies that are less susceptible to disposable income ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Changing raw material prices impact a company's costs and profitability. Manufacturers purchase inputs such as alcohols, chemicals, dyes, essential oils and minerals to use i...
Including values and annual change:
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The market size of the Global Cosmetics Manufacturing industry in Global is $480.6bn in 2024.
There are 15,359 businesses in the Global Cosmetics Manufacturing industry in Global, which has grown at a CAGR of 3.6 % between 2019 and 2024.
The market size of the Global Cosmetics Manufacturing industry in Global has been growing at a CAGR of 1.0 % between 2019 and 2024.
Over the next five years, the Global Cosmetics Manufacturing industry in Global is expected to grow.
The biggest companies operating in the Global Cosmetics Manufacturing market in Global are L'Oreal SA , Unilever and Beiersdorf AG
Manufacturing perfume and Manufacturing shaving cream, shaving preparations and after shave lotion are part of the Global Cosmetics Manufacturing industry.
The company holding the most market share in Global is L'Oreal SA .
The level of competition is high and increasing in the Global Cosmetics Manufacturing industry in Global.