2023 showed a lot of companies in the beauty biz but as you know not all can be the best as there will always the those who will be topping the chart no matter what. Companies like L’Oréal, Estée Lauder, and Procter & Gamble continue to dominate the industry with their wide range of skincare, makeup, and haircare products.
Read Also: Alexandre Choueiri appointed the new CEO of Kering Beauté Americas
These companies invest heavily in research and development to stay ahead of consumer trends and deliver high-quality products that cater to a diverse customer base. In recent years, there has also been a growing emphasis on eco-friendly practices, with many companies implementing sustainable packaging options and reducing their carbon footprint. With a strong online presence and effective social media strategies, these beauty giants show no signs of slowing down in the ever-evolving world of cosmetics.
Here are the top 20 in the business:
L’Oréal
Clichy, France
2023 Beauty Sales:
$44.53 Billion
€41.18 Billion
+7.6% VS. 2022
Unilever
London
2023 Beauty Sales:
$26.15 Billion (Est.)
€24.18 Billion (Est.)
+1.5% vs. 2022 (Est.)
The Estée Lauder Cos.
New York
2023 Beauty Sales:
$15.2 Billion (Est.)
-7% vs. 2022 (Est.)
Procter & Gamble
Cincinnati
2023 Beauty Sales:
$15 Billion (Est.)
+4.5% vs. 2022 (Est.)
LVMH Moët Hennessy Louis Vuitton
Paris
2023 Beauty Sales:
$8.94 Billion (Est.)
€8.27 Billion (Est.)
+7% vs. 2022 (Est.)
Chanel Ltd.
London
2023 Beauty Sales:
$8.32 Billion (Est.)
€7.69 Billion (Est.)
+15% vs. 2022 (Est.)
Beiersdorf
Hamburg, Germany
2023 Beauty Sales:
$8.14 Billion (Est.)
€7.53 Billion (Est.)
+9.6% vs. 2022 (Est.)
Shiseido
Tokyo
2023 Beauty Sales:
$6.94 Billion (Est.)
¥973.04 Billion (Est.)
-8.8% vs. 2022 (Est.)
Natura & Co.
São Paulo
2023 Beauty Sales:
$6.39 Billion (Est.)
R$31.88 Billion (Est.)
-12.3% vs. 2022 (Est.)
Coty
Amsterdam
2023 Beauty Sales:
$6 Billion (Est.)
+14% vs. 2022 (Est.)
Bath & Body Works
Columbus, Ohio
2023 Beauty Sales:
$4.57 Billion (Est.)
-0.3% vs. 2022 (Est.)
Kenvue
Skillman, N.J.
2023 Beauty Sales:
$4.4 Billion (Est.)
+0.6% vs. 2022 (Est.)
Mary Kay
Addison, Texas
2023 Beauty Sales:
$4.3 Billion (Est.)
+4.9% Vs. 2022 (Est.)
Puig
Barcelona, Spain
2023 Beauty Sales:
$4.29 Billion (Est.)
€3.97 Billion (Est.)
+19 vs. 2022 (Est.)
Kao Corp.
Tokyo
2023 Beauty Sales:
$4.22 Billion (Est.)
¥592.21 Billion (Est.)
+1.4% vs. 2022 (Est.)
Henkel
Düsseldorf, Germany
2023 Beauty Sales:
$4.08 Billion (Est.)
€3.77 Billion (Est.)
Flat vs. 2022 (Est.)
Colgate-Palmolive
New York
2023 Beauty Sales:
$3.7 Billion (Est.)
+8.5% vs. 2022 (Est.)
LG H&H
Seoul
2023 Beauty Sales:
$3.02 Billion (Est.)
KRW 3.95 Trillion (Est.)
-9.2% vs. 2022 (Est.)
Amorepacific
Seoul
2023 Beauty Sales:
$2.96 Billion (Est.)
KRW 3.87 Trillion (Est.)
-11.5% vs. 2022 (Est.)
L’Occitane International S.A.
Plan-les-Ouates, Switzerland
2023 Beauty Sales:
$2.64 Billion (Est.)
€2.44 Billion (Est.)
+19.3% vs. 2022 (Est.)