10 Globally Significant Cosmetics Companies
10 Globally Significant Cosmetics Companies
Even during difficult economic times, the multibillion dollar beauty sector has a reputation for enduring stability. Even though customers seem to be more cost-conscious during a recession, they often have no problem spending more on their preferred cosmetic items.
Consequently, in today’s unstable economic situation, beauty firms, especially established ones, continue to flourish. As a result, investing in franchise possibilities in the beauty and wellness sector may prove to be a reasonably secure investment with better returns.
10 Globally Significant Cosmetic Companies
- Johnson & Johnson
- Proctor & Gamble
- Group AmorePacific
Ten innovative cosmetics businesses that are expanding quickly are listed below:
Early in the 1900s, Eugène Schueller established L’Oreal to market his hair colour process. L’Oreal, one of the largest cosmetics businesses in the world today, is widely available in stores including hair salons, supermarkets, pharmacies, and beauty salons. One of the top cosmetics firms in the world, L’Oreal features an incredible portfolio of brands from throughout the world, including fan favourites like L’Oreal Paris, Essie, and Matrix.
In addition, this cosmetics behemoth also sells a number of well-known premium beauty brands, including Lancome, Clarisonic, Yves Saint Laurent, and Shu Uemura. The corporation succeeded to make a lasting mark on the beauty sector and generated revenues of over $ 29.79 billion last year as a result of its ongoing product innovation and CSR initiatives.
Estee Lauder produces and distributes a number of high-end cosmetic brands, including Clinique, M.A.C. Cosmetics, Smashbox, Tom Ford, Glam Glow, Jo Malone London, and many more. The business, which was founded in 1946 in New York by Estee Lauder and her husband, initially sold only four items. In 2019, the firm provides a variety of items in each area of cosmetics, including skincare, makeup, fragrance, and hair care.
The business has developed throughout the years, operating in more than 150 countries, and has a net value of $14.86 billion. The business has maintained its focus on creativity, innovation, and CSR initiatives ever since it became worldwide.
Shiseido is among the world’s oldest cosmetics firms and was established in Tokyo in 1872. When the brand began selling outside of Japan, it entered the Taiwanese market with its goods. Later, it expanded its operational reach to include Singapore, Hong Kong, Hawaii, America, and eventually the rest of the world.
Shiseido, Za, Senka, Anessa, Sea Breeze, Nars, and Bare Essentials are just a few of the brands owned by the firm today. In addition to serving the luxury consumer market, the firm also sells perfumes, personal care, and health care items. Its net sales in 2017 totaled approximately $10.08 billion.
Even though Coty didn’t begin as a predominantly cosmetics company, it has acquired its way to becoming one of the largest in the world. Coty serves three distinct market segments: luxury, consumer beauty, and professional brands, all while upholding the objective to create beauty businesses diverse and welcoming for everyone.
Renowned brands including Marc Jacobs, Chlo, Tiffany & Co., Max Factor, Rimmel, Sassoon Professional, and, most recently, Kylie Cosmetics, are among those in the company’s portfolio. The business actively participates in a long-term cooperation with Global Citizen to abolish discrimination based on gender, sexual orientation, ethnicity, or handicap. For FY19, the business generated net revenues of $8,648.5 Million.
Unilever has long been one of the major suppliers and manufacturers of consumer products, but it has also made a reputation for itself in the beauty industry. The corporation has dual headquarters in the UK and the Netherlands and conducts business in close to 200 nations worldwide. The business features top-selling product lines in each area, including skincare, haircare, and personal care.
Unilever has experienced exponential growth with the launch of Unilever Cosmetics International in 2017 thanks to the addition of brands including Axe, Dove, Pond’s, TRESemmé, Sunsilk, and Aviance. Unilever reported a net income of almost 9.808 billion pounds for the 2018 fiscal year.
Proctor & Gamble
P&G is the owner of some of the most well-known companies that provide goods for everyday use, including Gillette, Braun, Ivory, Olay, Herbal Essences, and Pantene. The business asserts that its main goal is to provide the highest-quality goods at all pricing points. For the purpose of streamlining its own product mix, the corporation had to sell a few brands to Coty.
The firm, which has been around for more than 180 years and is based in Ohio, USA, has always emphasised looking forward to develop ground-breaking products. According to the brand’s annual report, operational income for the previous year was around $5.5 billion.
Beiersdorf, which began as a modest pharmacy in 1880, is today widely recognised as a brand of high-quality skincare products. The firm has effectively and aggressively handled brands including Nivea, Eucerin, La Prairie, Labello, and 8X4 under the slogan “skincare is everything to us.”
The firm has established a reputation for producing goods that are in step with global trends and also have a grasp of regional customers. The firm makes careful to do extensive dermatological research while developing its goods because it specialises on skincare. The company’s current goals are to expand quickly, add value for customers, and guarantee long-term profitability. The business increased revenues by more than 5% in 2018.
Amorepacific Group introduces Asian beauty principles to the world at large with the goal of making “a more beautiful planet.” Asian ingredients, practises, and products are revolutionising the beauty industry, and the firm is dedicated to technical advancement while upholding its tradition.
The leading cosmetics firm in Korea is the owner of several well-known cosmetics brands that are experts in Asian cosmetics in fields including skin care, fragrances, medical cosmetics, hair care, body care, etc. The firm owns Sulwhasoo, Laneige, Etude House, Innisfree, Happy Bath, Goutal Paris, among other brands, in addition to its own label, Amorepacific.
Moet Hennessy Louis Vuitton, or LVM, is a key participant in the fragrances, cosmetics, and skincare sectors and is the owner of over 75 iconic beauty brands. The firm stands out with its distinct premium selection of products thanks to its relentless pursuit of perfection, creativity, innovation, and an attention to detail.
Since its founding in 1987, the business has enjoyed an incredible run, generating approximately 46.8 billion euros in sales in 2018. Operating under LVMH are Fenty Beauty by Rihanna, Kat Von D Beauty, Make Up For Ever, Benefit Cosmetics, Guerlain, and Acqua di Parma.
Smith & Johnson
Johnson & Johnson, considered to be one of the most valuable and successful beauty companies in the world, had net profits of more than $15.29 billion in 2018. Despite recent criticism directed towards Johnson & Johnson’s trademark babycare brand, the business has continued to expand.
Johnson & Johnson is primarily thought of as a pharmaceutical firm, but it also controls a lot of consumer products companies, including beauty names. Johnson & Johnson’s portfolio of brands includes Neutrogena, Aveeno, Neostrata, Exuviance, and Clean and Clear.
These businesses are seeing unprecedented success because to factors including rising consumer disposable income and a rising willingness to spend money on vanity. Customers like the inclusion and originality that these firms provide, and the innovative marketing techniques are further boosting the growth. To maintain their existing consumer base and draw in new ones, these businesses want to stick to their commitment to product innovation. Fill out this form to get in contact if you’re interested in learning more about franchising business possibilities in the beauty and wellness sector.