Insider Monkey has published an article listing down the 15 Biggest Cosmetic Companies In The World. The cosmetics industry is growing, with more companies, small businesses, and private individuals creating their make-up line. While some listed below are conglomerates and parent companies, the revenue of cosmetics products itself is low compared to other products such as clothing, fragrance, and household items.
Below is the 15 Biggest Cosmetic Companies In The World categorized where each of the company is based.
Asia
Amore Pacific, a South Koren cosmetics company with a revenue of $4.21 billion in 2019, is the parent company of the brands Laneige and Mamonde. Japanese cosmetics companies Kao and Shiseido have annual revenue of $5.9 and $10.07 billion, respectively.
America
Many American brands are considered to be the biggest cosmetics companies. The companies will be a mix of FMCG, purely cosmetics, and parent companies of famous brands.
Mary Kay, formerly known as Mary Kay Ash, was founded in 1963. Since then, it has become a famous brand for make-up products and has an annual revenue of $3 billion. Coty owns more than 77 brands across the United States, and it has $8.65 billion in revenue. In contrast, Estée Lauder, the biggest cosmetics company inside the US, has an annual revenue of $13.68 billion.
The parent company of Victoria’s Secret and Louis Vuitton also specializes in producing luxury goods such as cosmetics, clothing accessories, and fragrances. L Brands, which Victoria’s Secret is under, has an annual revenue of $6.81, while LVMH has an annual revenue of $6.81 billion.
Johnson and Johnson are more than just a pharmaceutical company, while Proctor and Gamble are more than just an FMCG company. Both of these have their own cosmetics line advertised as ‘drug-store cosmetics and are usually cheap. J&J’s annual revenue is $4.59 billion, while P&G’s annual revenue is $12.41 billion.
Europe
There are two German companies here: Henkel, which was established in 1867. It is the parent company of Fa and Dial and has an annual revenue of $4.61 billion, and Beidsdorf, which owns Nivea, has an annual revenue of $9.1 billion.
Avon and Unilever are British multinational companies that produce cosmetics and various personal care items. They have annual revenue of $4.76 and $26.06, respectively.
L’Oréal is the biggest cosmetics company in the whole world with almost 90,000 employees. This company has products in make-up, skincare, and fragrances. Established in 1909, the French brand has earned $32.05 billion in revenue last 2019.
To read more, head on to Insider Monkey’s 15 Biggest Cosmetic Companies In The World
