Global Cosmetics Manufacturing - Market Research Report (2014-2029)
New York, United States
Last Updated: February 2024
C1934-GLRevenue
$480.6bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
684k
Businesses
15,359
Wages
$XX.Xbn
Global Cosmetics Manufacturing industry analysis
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.
Trends and Insights
- A reversal of consumer trends will benefit manufacturers over the outlook period. Growing consumer spending and global per capita income can bolster revenue greatly.
- The makeup segment must keep up with rapidly changing innovations and consumer preferences. This segment is more volatile than others.
- Europe and the Americas dominate the market. These regions house the largest cosmetic manufacturers in the world and are massive downstream markets.
- Rapid acquisition occurred, with major cosmetic manufacturers acquiring massive companies. Namely, L'Oreal's deal to acquire Australian company Aesop and Unilever's acquisition of cosmetics giant Suave.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $480.6bn in 2024.
Trends and Insights
The industry’s wide range of product offerings shielded manufacturers from drastic COVID declines
- The Global Cosmetics Manufacturing industry develops, designs, produces and markets not only personal care goods for everyday use, such as deodorant, shaving cream and dental floss, but also more specialty cosmetic products, such as tooth whitening strips, eyeliner and perfume.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The industry will continue expanding over the outlook period
- Despite its maturity in developed markets, the Global Cosmetics Manufacturing industry is poised for strong growth over the outlook period. Stronger consumer purchasing power as the global economy recovers from the COVID-19 pandemic and continued interest in beauty and personal upkeep will pave the way for new product development and introduction.
Biggest companies in the Global Cosmetics Manufacturing
| Company | Market Share (%)
2024 | Revenue ($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 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
The most expensive products in the market are creams, lotions and oils in the skincare segment
- This category includes facial creams, body, hand and face lotions and sunscreen, sun tan lotions and oils. Some of the most expensive products on the market can be found in this category, with some costing more than $200.00 per two ounces. A focus on anti-aging treatments boosts this segment's popularity.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Global Apparel Manufacturing
- Global Handbag & Purse Manufacturing
Complementors
- Global Petrochemicals Manufacturing
- Global Pharmaceuticals & Medicine Manufacturing
International industries
- Cosmetic & Beauty Products Manufacturing in the US
- Acne Treatment Manufacturing OTC in the US
- Hair Loss Treatment Manufacturing in the US
- Perfume & Fragrance Manufacturing in the US
- Sunscreen Manufacturing in the US
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Manufacturing perfumeManufacturing shaving cream, shaving preparations and after shave lotion Manufacturing shampoo and conditionerManufacturing sunscreenManufacturing bath salts and talcum powderManufacturing hand and face cream or lotionManufacturing deodorantManufacturing depilatoriesManufacturing eye shadow, mascara, face powder and lipstick Manufacturing nail care preparations and nail polishCompanies
L'Oreal SA UnileverBeiersdorf AGPurchase this report to view all 4 major companies in this industry.
Related Terms
COSMETICSNATURAL COSMETICSPREMIUMIZATIONMILLENIALS ASPIRATIONAL SHOPPERPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
A reversal of consumer trends will benefit manufacturers over the outlook period. Growing consumer spending and global per capita income can bolster revenue greatly.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The makeup segment must keep up with rapidly changing innovations and consumer preferences. This segment is more volatile than others.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Europe and the Americas dominate the market. These regions house the largest cosmetic manufacturers in the world and are massive downstream markets.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2024
- Share of population compared to output in each region in 2024
- Data tables
- Share of global output by region in 2024
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Rapid acquisition occurred, with major cosmetic manufacturers acquiring massive companies. Namely, L'Oreal's deal to acquire Australian company Aesop and Unilever's acquisiti...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Several massive acquisitions among the largest companies mark this period. Namely Unilever and L'Oreal's movements in the global markets.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of L'Oreal SA 's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Unilever's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Beiersdorf AG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for L'Oreal SA , and factors influencing its performance in the industry
- Description and key data for Unilever, and factors influencing its performance in the industry
- Description and key data for Beiersdorf AG, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Companies with product differentiation were better equipped to handle volatility. This is especially true for larger companies that are less susceptible to disposable income ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
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...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Cosmetics Manufacturing industry in Global in 2024?
The market size of the Global Cosmetics Manufacturing industry in Global is $480.6bn in 2024.
How many businesses are there in the Global Cosmetics Manufacturing industry 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.
Has the Global Cosmetics Manufacturing industry in Global grown or declined over the past 5 years?
The market size of the Global Cosmetics Manufacturing industry in Global has been growing at a CAGR of 1.0 % between 2019 and 2024.
What is the forecast growth of the Global Cosmetics Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Cosmetics Manufacturing industry in Global is expected to grow.
What are the biggest companies in the Global Cosmetics Manufacturing market in Global?
The biggest companies operating in the Global Cosmetics Manufacturing market in Global are L'Oreal SA , Unilever and Beiersdorf AG
What does the Global Cosmetics Manufacturing in Global include?
Manufacturing perfume and Manufacturing shaving cream, shaving preparations and after shave lotion are part of the Global Cosmetics Manufacturing industry.
Which companies have the highest market share in the Global Cosmetics Manufacturing in Global?
The company holding the most market share in Global is L'Oreal SA .
How competitive is the Global Cosmetics Manufacturing industry in Global?
The level of competition is high and increasing in the Global Cosmetics Manufacturing industry in Global.
