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Cosmetics Market Grows To €181 Billion In 2014; L'Oreal Dominates

November 18, 2015: 12:00 AM EST
From €127 billion in 2005, the world cosmetics market is forecast to expand to €181 billion in 2014, posting an average annual growth rate of 3.8 percent, according to market research firm EY. Data from the company’s report entitled, “Seeking Sustainable Growth: The Luxury and Cosmetics Financial Factbook 2015,” revealed the skincare segment accounts for 35 percent of the market’s total value, followed by hair care at 23 percent. Makeup and fragrance account for 17 percent and 13 percent, respectively, with hygiene products contributing 11 percent. All other segments account for 1 percent each. Asia-Pacific accounts for 35 percent of the overall market, while Western Europe comes in at second place with 22 percent. North America is at 21 percent; Latin America, 12 percent; and Eastern Europe, 7 percent. With a market capitalization of €93 billion, L’Oreal continues to dominate the top 7 companies list and is even larger than the other top-7 companies combined.
"Cosmetics market worth 181 billion, L'Oreal dominates", Consultancy.uk, November 18, 2015, © Consultancy.uk
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