In this article, we discuss the 14 largest beauty companies in the world. If you want to read about a few more beauty companies, go straight to The 5 largest beauty companies in the world.
The beauty industry has successfully overcome the multiple challenges posed by the pandemic crisis and the subsequent economic slowdown of the past two years and is now on a recovery path towards growth. The importance of the beauty market to the global economy can be judged by the $100 billion in sales revenue that the industry generates worldwide each year. Major beauty firms have faced intense competition in the recent past, as consumers are equipped with greater bargaining power due to increased online shopping trends.
This has led beauty firms to become more dynamic and innovative to meet changing consumer demands, according to Brand Finance. This year, there has been a noticeable recovery in terms of brand value for the top 50 beauty brands compared to last year. However, this growth has not yet reached the levels seen before the start of the pandemic in 2020. According to the 2021 Top 20 Global Beauty Companies Report, The largest beauty companies in the world are The Procter & Gamble Company (NYSE:PG), Estée Lauder Companies Inc. (NYSE:THE), and Unilever PLC (NYSE:UL).
Our Methodology
These were selected from a careful evaluation of the beauty industry. Details of each beauty company are listed along with a discussion of the top companies in the industry to provide readers with context for their investment decisions.
The 14 largest beauty companies in the world
The biggest beauty companies in the world
14. Amorepeaceful
Amorepeaceful, a South Korean company, founded in 1945, is one of the world’s largest beauty firms with sales worth $4.4 billion. the business has more than 20 luxury beauty and daily care and health care brands such as Amore Pacific, Primera, Goutal Paris, Hanyul, Sulwhasoo, Mamonde, Innisfree, Laneige, Sienu, Etude, Hera, IOPE and Lirikos .
The company gained global prominence and consumer attention through a diversified online channel portfolio and innovative digital marketing in recent years.
Like The Procter & Gamble Company (NYSE:PG), The Estée Lauder Companies Inc. (NYSE:EL) and Unilever PLC (NYSE:UL), Amorepacific is one of the world’s leading beauty brands.
13.L.G.
LG, a South Korean company, founded in 1958, is also one of the world’s largest beauty brands with sales of $4.8 billion. LG has a range of cosmetics, hair care and skin care that includes major brands such as The History of Whoo, CNP, O Hui, Belif, Beyond, SU:M37, Code Glokolor, Veilment, Dermalift, CNP Rx, Isa Knox , Sooryehan, Dr. Belmeur, VDL, Vonin, Carezone, The Saga of Xiu, TheFaceShop, FMGT, Nature Collection, Elastine, Organist, Reen, Yehwadam, Silk Therapy, and Gentology.
LG has also introduced vegan beauty cosmetics, namely the cream shop in 2021, which has been a success despite the uncertain global economic environment. This year, in May, LG installed its new research and development (R&D) center in Hokkaido, Japan, with a primary focus on microbiome beauty products. The company’s top management has highlighted its plans to establish a natural fermentation production system and introduce different microbiome ingredients into the R&D center.
12.kao
kao, the japanese beauty companyFounded in 1887, it is a beauty industry giant with sales of $5 billion. Kao participates through its two business segments, which are consumer products and chemical products. The company’s main brands are Curél, freeplus, Athletia, Kanebo, Sofina iP, Molton Brown, RMK, Kate, Kao Sekken White Sensai, Suqqu, Asience, Bioré, Cape, Blauné, Guhl, Jergens, Liese, Essential, John Frieda , Kms, Merit, Rerise, Segreta, My Kirei, Success, Goldwell and Oribe. It has also introduced its new products such as Sensai Absolute Silk Illuminative Cream, Goldwell Rainbow Dye, Sensai Contouring Lipstick and Allie Chrono Beauty Line.
Although the global pandemic period affected the growth of the company, the net sales improved in 2021. From March 2022, the company joined the global call for support in the Ukraine crisis. He has made huge donations of up to $502,000 to UN agencies in this regard. Kao has also donated essential items for the refugees, such as personal hygiene items, sanitary items and baby diapers.
11. Coty Inc. (NYSE: COTY)
Coty Inc. (NYSE:COTY), a French-American company multinational, founded in 1904, is one of the leading beauty companies with sales of $5.3 billion. The company has a wide range of products including fragrances, color cosmetics, skin care and body care products for both its luxury and consumer range. Luxury Signature brands include Kylie Jenner, Alexander McQueen, Bottega, Chloé, Marc Jacobs, Gucci, Escada, Burberry, Calvin Klein, Veneta, Davidoff, Hugo Boss, and Philosophy. The company has brands such as Adidas, CoverGirl, Max Factor, Sally Hansen, Rimmel and Nautica.
Coty Inc. (NYSE:COTY) has gained momentum in the US market since 2021 through its e-commerce and innovative strategies. youThis year, in April, Coty Inc. (NYSE:COTY) withdrew from the Russian market after the country’s invasion of Ukraine. In May 2022, the actress, kim kardashian she closed her fragrance brand KKW Fragrance to re-introduce it under a new name, as the actress’s initials changed after her divorce. Notably, the company owns a 20% stake in Kardashian’s KKW Beauty and KKW Fragrance.
10.Beiersdorf
Beiersdorf, a German multinational, founded in 1882, is a leading beauty firm with sales worth $7 billion. the major brands Its owners are Nivea, La Prairie, 8×4, Labello, Eucerin, Aquaphor, Florena, SlekMaestro, Atrix, Gammon, Hidrofugal and Coppertone. Some of the latest additions to the company’s product range include Nivea MagicBars, Eucerin Dermo-pure Serum, Nivea Men Sensitive-Pro Ultra-Calming facial skin care, Nivea EcoRefill hand soap and Pure & Simple sun protection. The company believes that its skin care segment helped achieve sales targets, which was made possible primarily by e-commerce activities.
company principal the brand is nivea, resulting in sales growth of 5.5% in the year 2021. Another brand, La Prairie, generated higher-than-expected sales for the company in the year after the pandemic. This year, in June, the company partnered with Borealis, Clariant and Siegwerk to minimize plastic waste to reduce the impact of climate change.
9. Natura & Co Holding S.A. (NYSE: NTCO)
Natura &Co Holding SA (NYSE:NTCO), a Brazilian multinational, founded in 1969, is a major beauty firm with sales worth $7.1 billion. The main brands it owns are Natura, Aesop, The Body Shop and Avon. the new brands recently launched Aesop: Exalted Eye Serum, Natura: Biome body and shampoo bars; and The Body Shop: White Musk Fragrance Range, Breath, Boost and Sleep Wellness Collection. company executive President and CEO, Roberto Marques, has declared that he has great faith in the resilience of the company to stay on the path of growth in 2022-2024. Despite facing a challenging 2020-2021, the CEO expressed confidence in sustainable profitable growth, further noting that overall sales increased 8.8% with more than half of revenue coming from the company’s digital sales.
8.LVMH
LVMH, a luxury brand company, founded in 1987, is another top beauty company with sales of $7.5 billion. It’s a based in France company that has its range of top-of-the-line perfumes and beauty products, such as Christian Dior. This year, Miss Dior Roses N’Roses perfumes, J’adore Infinissime and Rouge Dior makeup all performed better. The company is known as one of the largest luxury goods conglomerates in the world. Interestingly, the company owns several luxury brands such as Tag Heuer, Louis Vuitton, Givenchy, Tiffany & Co., Bvlgari, Acqua Di Parma, and Marc Jacobs Beauty.
7. Johnson & Johnson (NYSE:JNJ)
Johnson & Johnson (NYSE:JNJ), a multinational company based in the United States, Founded in 1886, it is one of the largest beauty firms in the world with sales value $7.7 billion. The main brands in the beauty range that it owns are Johnson Baby Products, Dabao, Le Petite Marseillais, Aveeno, Clean & Clear, OGX, Lubriderm, Neutrogena, Vivvi, Bloom, Lubriderm Extra Dry Skin Advanced Therapy, Neutrogena Clear Coverage Makeup, Neutrogena Stubborn Acne & Marks Treatments and Sundown.
6. Bath & Body Works, Inc. (NYSE: BBWI)
Bath & Body Works, Inc. (NYSE: BBWI), an American multinational founded in 1990, is one of the leading beauty firms with sales worth $7.9 billion. the product range includes personal care fragrances, lotions, body creams, shower gels; candles, hand sanitizers, liquid hand soaps, and home fragrance diffusers. The latest range includes Fall in Bloom Fine Fragrance Mist, Cinnamon Sandalwood Body Wash and Foam Bath and Sweet Whiskey Ultimate Hydration Body Cream.
In 2021, the company officially spun off from Victoria’s Secret to become an independent brand, which turned out to be a wise move. Sales increased to $7.9 billion, representing a 22% increase over the prior year. However, the pandemic period affected the company general growth, it still managed to increase its presence globally through digital platforms and the expansion of buy online-pick up in store, called the BOPIS model, which further enhanced the online presence and increased the firm’s client base.
In addition to The Procter & Gamble Company (NYSE:PG), The Estée Lauder Companies Inc. (NYSE:EL) and Unilever PLC (NYSE:UL), Bath & Body Works is one of the world’s largest beauty brands.
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Divulgation. None. The 14 largest beauty companies in the world was originally published on Insider Monkey.
Source: news.google.com