Today in this article, we are going to discuss about` the top 10 largest cosmetic companies in the world.
Cosmetics are the product category that has had the most influence on beauty standards and the related beauty industry overall. Chemicals created expressly to protect, cleanse, or improve the appearance of a user’s skin on one or more body parts are known as cosmetics. Cosmetics for personal care, or skincare, are designed to protect and cleanse the skin; cosmetics for decoration are meant to improve the look of the skin. Despite their centuries-old history, cosmetics have developed into a billion-dollar industry that is constantly expanding, with many of the leading cosmetic companies producing billions of dollars in sales globally.
Cosmetics, ranging from foundations to mascaras, from creams to lotions, shampoos to conditioners, perfumes to deodorants, lipsticks to eyeliners, and more, have become an indispensable aspect of many people’s everyday lives. The sector is also very dynamic, with numerous new goods and formulae being created every year. The biggest cosmetic corporations typically possess a number of beauty and cosmetic brands that target particular demographics, typically broken down by skin type, age, or gender. Regardless, these large cosmetic corporations’ brands are typically well-known worldwide and available for purchase at drugstores, cosmetic shops, and other locations where cosmetics are sold.
The following ranking lists the top 10 largest cosmetics companies in the world by revenue.
Top 10 Largest Cosmetics Companies In The World
Founded in: 1909
Based in: Clichy, Ile-de-France, France
Worldwide cosmetic sales: $36.5 billion
Types of cosmetic products offered: Skincare, Haircare, Makeup, Fragrances
Main cosmetic brands owned by L’Oreal:
The biggest cosmetics firm in the world, L’Oréal, has an amazing array of brands that appeal to a wide variety of consumers. With more than a century of operation, the French company has become the undisputed leader in the worldwide cosmetics sector. L’Oréal’s dedication to innovation and quality is what makes it successful today. The business makes significant investments in R&D to produce new items or enhance current ones. L’Oréal has a strong global presence in more than 150 countries, enabling it to interact with clients from a variety of backgrounds. L’Oréal offers nearly everything a person might want in terms of cosmetics, ranging from makeup to skincare, hair care, and perfumes.
Based in: London, England, UK
Founded in: 1929
Worldwide cosmetic sales: $25.9 billion
Types of cosmetic products offered: Skincare, Haircare, Oral care, Fragrances
Main cosmetic brands owned by Unilever:
With more than 400 brands under its belt, Unilever stands as one of the biggest global manufacturers of general consumer goods. The British corporation is also the second-largest cosmetic company in the world because of its numerous cosmetic brands. With an emphasis on the manufacturing and distribution of food, drinks, cleaning supplies, and several personal care items, Unilever is a global company. The most well-known cosmetic brands produced by Unilever are St. Ives, Suave, and Dove. With brands like Axe/Lynx and Rexona/Degree/Sure among the most popular deodorants worldwide, Unilever is also quite well-represented in the deodorant sector.
Based in: Cincinnati, Ohio, USA
Founded in: 1837
Worldwide cosmetic sales: $14.7 billion
Types of cosmetic products offered: Haircare, Skincare, Oral care, Fragrances
Main cosmetic brands owned by Procter & Gamble:
The biggest consumer goods firm in the world is Procter & Gamble, or P&G for short. With a rich history that dates back to 1837, P&G is one of the biggest cosmetic firms in the world. Today, the American corporation specializes in a broad range of consumer goods, including cosmetics and beauty items. P&G offers a broad variety of personal care products, such as skin and dental care items, in their portfolio of beauty products. With well-known brands like Head & Shoulders, Herbal Essences, and Pantene, which are used by millions of customers worldwide, the company is especially dominating in the haircare industry.
Based in: New York City, New York, USA
Founded in: 1946
Worldwide cosmetic sales: $17.7 billion
Types of cosmetic products offered: Makeup, Fragrances, Haircare, Skincare
Main cosmetic brands owned by The Estee Lauder Companies:
Another well-known brand in the cosmetics sector is The Estée Lauder Companies, which is particularly well-known for its upscale fragrances, makeup, and other decorative cosmetics. Established by American entrepreneur Estée Lauder in 1946, the company has expanded to become a significant global force in the cosmetics industry, boasting a portfolio of over 20 brands. Products from the Estée Lauder Companies are available in over 150 nations. Through its numerous brands, including skincare and fragrance, Estée Lauder offers a vast array of items in different cosmetic areas in addition to holding a dominant market share in the worldwide cosmetics business.
Based in: New York City, New York, USA
Founded in: 1928 (through the merger of Colgate Company & Palmolive-Peet Company).
Worldwide cosmetic sales: $11.2 billion
Types of cosmetic products offered: Oralcare, Skincare, Haircare, Fragrances
Main cosmetic brands owned by Colgate-Palmolive:
Completing the list of the top five biggest cosmetics firms globally is Colgate-Palmolive. Along with a variety of personal care products, the American consumer goods company also sells housekeeping and pet nutrition items. The company was founded in 1928 when Colgate, a toothpaste manufacturer, and Palmolive-Peet, a soap manufacturer, merged. Currently, Colgate-Palmolive offers a broad variety of cosmetic items, with an emphasis on skincare and, in particular, dental care products, where the firm leads the worldwide market.
Founded in: 1872
Based in: Tokyo, Japan
Worldwide cosmetic sales: $8.2 billion
Types of cosmetic products offered: Haircare, Skincare, Makeup, Fragrances
Main cosmetic brands owned by Shiseido:
In the global ranking of the biggest cosmetic companies, Shiseido is ranked sixth. It has been a major force in the Asian beauty business for many years and is the biggest cosmetics company in the region. Established in 1872, the Japanese corporation has long been a well-known brand in Japan and Asia, but in recent times, it has also succeeded in making a name for itself internationally. Shiseido offers a broad variety of beauty goods under its numerous brands, each of which serves a distinct target market and set of preferences. These brands span from skincare to haircare.
Based in: Paris, Ile-de-France, France
Founded in: 1987 (through the merger of Louis Vuitton & Moët Hennessy)
Worldwide cosmetic sales: $7.7 billion
Types of cosmetic products offered: Makeup, Fragrances, Skincare
Main cosmetic brands owned by LVMH Moët Hennessy Louis Vuitton:
LVMH Moët Hennessy Owning some of the most well-known luxury brands globally, Louis Vuitton, also referred to as LVMH, is the greatest producer of luxury goods in the world. Being one of the biggest cosmetic firms globally, the French corporation with its headquarters in Paris has also had a big impact on the cosmetics industry. Luxury cosmetics and fragrance brands owned by LVMH are numerous and all place a strong emphasis on elegance and quality. Not only does LVMH top the luxury fragrance business, but it also holds a leading position in other luxury cosmetics categories like makeup and skincare.
Based in: Hamburg, Germany
Founded in: 1882
Worldwide cosmetic sales: $7.1 billion
Types of cosmetic products offered: Lip care, skincare, Fragrances
Main cosmetic brands owned by Beiersdorf:
Beiersdorf is another well-established company in the cosmetics industry that has been around for over a century. The German company is particularly known for its skincare creams, lotions, and balms, but also other personal care products. Beiersdorf owns several brands with different product focuses, of which the company’s flagship Nivea brand is the most well-known across the world. The company’s skincare products include multiple cosmetics designed for specific skin areas and body parts as well as products for specific uses, such as sunscreen creams.
9. Natura & Co
Based in: Sao Paulo, Brazil
Founded in: 1969
Worldwide cosmetic sales: $6.9 billion
Types of cosmetic products offered: Makeup, Skincare, Haircare
Main cosmetic brands owned by Natura & Co:
In the global ranking of the biggest cosmetic companies, Natura & Co. is ranked ninth. The Brazilian corporation is the biggest cosmetics company in South America by a wide margin. Since its founding in 1969, the company has dominated both its native market and those of neighboring South American nations. The company has recently started to expand into markets outside of Latin America, especially the European one, making Natura & Co. a more diverse range of cosmetics maker on a global scale. The brands of Natura & Co. especially concentrate on fragrances and cosmetics for skin and hair care.
Based in: New York City, New York, USA
Founded in: 1904
Worldwide cosmetic sales: $5.3 billion
Types of cosmetic products offered: Makeup, Haircare, Skincare, Fragrances
Main cosmetic brands owned by Coty:
Coty rounds out the Top 10 of the biggest cosmetic companies worldwide. Founded in 1904 by French perfumer, entrepreneur, and politician François Coty, the company began mass-producing fragrances for middle-class women, ensuring that fragrances became accessible to a wider audience than just the wealthy. Since moving to the US, Coty has expanded its operations to become the world’s largest manufacturer of fragrances, but it also offers a variety of other cosmetic products, such as skincare and makeup items, through its numerous brands. Additionally, the company is well-known for creating cosmetics under license agreements for numerous non-cosmetical companies.