In this article, we will discuss the 5 Biggest Cosmetics Brands in the World. If you want to check out a detailed analysis of the global cosmetics market, beauty meets sustainability, and cosmetic companies going green and innovative, head to the 20 Biggest Cosmetics Brands in the World.
5. Loreal
2022 Revenue: $41.26 billion
Founded in 1909, L’Oreal is a multinational company headquartered in France that is one of the leading beauty companies in the world. This company offers an extensive line of 36 brands, including skincare, color cosmetics, hair care, and perfumes. Nicolas Hieronimus, the company’s new CEO, has made it obvious that the company is pursuing a revolutionary product launch strategy and concurrently focusing on investment in innovative growth drivers for future growth and brand desirability. Hence, the company is aiming to achieve remarkable growth in the upcoming years.
An enterprise value deal of $2.525 billion was inked by L’Oréal in 2023 to take over Aesop from Nature & Co. The transaction was anticipated to close in the third quarter of 2023, but it is still pending regulatory approval.
4. Unilever
2022 Revenue: $64.80 billion
Founded in 1929, Unilever is a multinational company specializing in beauty products with $64.80 billion in revenues. With more than 400 brand names, such as Lux, Sunsilk, Rexona, and Paula’s Choice Skincare in more than 190 countries, this company employs 127,000 people worldwide. In the list of the top 50 FMCG companies in the market for 2022, Unilever has been ranked fifth.
3. The Procter & Gamble Company (NYSE:PG)
2022 Revenue: $80.20 billion
One of the most well-known brands in the cosmetics sector is The Procter & Gamble Company (NYSE:PG), which was founded in 1837. Head & Shoulders, Rejoice, Herbal Essences, Pantene, and skin and personal hygiene products like Olay, Safeguard, Old Spice, and Secret are among its product lines. The “SK-II” brand of this company is a luxurious facial treatment line that has been widely recognized across the globe. Procter & Gamble focused on developing creative product lines during the COVID-19 pandemic, including necessities like skin care, hair care, and personal hygiene items. As a result, The Procter & Gamble Company (NYSE:PG)’s yearly sales soared to a whopping 80.20 billion in 2022 from 76.11 billion in 2021.
2. LVMH
2022 Revenue: $85.40 billion
Another leading beauty conglomerate with an astounding $85.40 billion in annual revenue is LVMH which was established in 1987. Based in France, this business offers a wide array of cosmetic brands, such as Christian Dior comprising exquisite colognes and beauty products. Rouge Dior makeup, J’adore Infinissime scents, and Miss Dior Roses N’Roses elevated Dior’s performance last year. LMVH is regarded as one of the biggest conglomerates of luxury goods in the world, and it is interesting to highlight the fact that the corporation owns several exquisite labels, including Marc Jacobs Beauty, Acqua Di Parma, Givenchy, Tiffany & Co., Tag Heuer, and Louis Vuitton.
1. Johnson & Johnson
2022 Revenue: $94.94 billion
At a staggering $94.94 billion in total revenue in 2022, Johnson & Johnson, a worldwide corporation with headquarters in the United States and founded in 1886, is among the largest cosmetics manufacturers globally. Vivvi, Johnson Baby Products, Dabao, Le Petite Marseillais, Aveeno, Clean & Clear, OGX, Lubriderm, Neutrogena, Neutrogena Clear Coverage makeup, Neutrogena Stubborn Acne & Marks Treatments, and Sundown are some of the most popular items in its beauty portfolio. Johnson & Johnson is the largest cosmetics company in the world, according to our list.
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