In 2016, the global beauty and personal care industry was valued at almost $444 billion. This dollar amount includes skincare, haircare, color cosmetics, fragrances, and other beauty-related products. This is a very large and profitable industry. Growth is predicted to be positive over the next five years.
So, who are the biggest names in the beauty and personal care industry? Let’s take a look at the top five companies by retail sales volume.
1. The L’Oréal Group is a French corporation that owns L’Oréal and Lancome. For additional information, visit the L’Oréal Group’s website. You’d be surprised at what you’d find, as they’re likely to own one or two of your favorite brands.
2. Procter & Gamble is an American company that makes excellent drugstore items, such as Oil of Olay.
3. Unilever is a large multinational company with a unique history. The company is from both the Netherlands and the United Kingdom. They also sell products like Dove all around the world.
4. Colgate-Palmolive is an American company focusing on drugstore beauty and personal care products such as Irish Spring.
5. The Estée Lauder Companies has an extensive luxury portfolio. Tom Ford beauty goods are owned and distributed by this American corporation.
In 2016, the L’Oréal Group took the #1 spot in the beauty and personal care industry. Even though they already have a strong portfolio, they continue to acquire or purchase exciting new brands. For example, they’ve purchased high-growth brands like IT Cosmetics and Urban Decay in recent years.
