2023 universal registration document

ESTIMATED VARIATION IN THE WORLDWIDE COSMETICS AND BEAUTY INDUSTRY FROM 2000 TO 2023⁽¹⁾ Source: L’Oréal estimates of the worldwide cosmetics market based on net manufacturer prices. Excluding soap, toothpaste, razors and blades. At constant exchange rates.

The beauty market continues to distinguish itself as a dynamic sector, driven by constant innovation and sustained demand for high-quality, high-performing and meaningful products. Worth more than €280 billion in 2023⁽¹⁾ Source: L’Oréal estimates of the worldwide cosmetics market based on net manufacturer prices. Excluding soap, toothpaste, razors and blades. At constant exchange rates. the beauty market has proved resilient, adaptable and prosperous, despite the geopolitical and economic upheaval surrounding it.

This industry benefits from many key growth drivers, including:

• the increasing global population and the emergence of middle classes⁽²⁾ According to World Data Lab, 800 million people will join the ranks of the world’s middle class by 2030. ;
• strong growth in the economies of emerging countries; and
• the quest for quality and continued premiumisation (expectation of products with high added value).

The cosmetics consumer always looks for quality and puts a premium on trends, new ideas, or leading‑edge technology.

THE GLOBAL ESTIMATED COSMETICS MARKET IN 2023: > €280 BILLION⁽¹⁾ Source: L’Oréal estimates of the worldwide cosmetics market based on net manufacturer prices. Excluding soap, toothpaste, razors and blades. At constant exchange rates.

The economic and geopolitical unrest that was present in 2022 continued throughout 2023. However, the beauty market remained strong, asserting resilience and adaptability in the face of external challenges. Despite a slowdown in North Asia, due to the reboot of Travel Retail as a result of a change in policy towards daigous⁽³⁾ Individuals or group of exporters who purchase products, particularly luxury goods, for Chinese customers. , all other regions saw significant growth, particularly in the Europe, Latin America and SAPMENA-SSA zones, which stood out especially, recording double-digit growth.

THE MAIN WORLDWIDE PLAYERS

2022 sales in billions of US $. Companies are ranked by volume of sales of beauty products for the calendar year 2022. Estimated figures are given for companies whose financial year does not run from 1 January 2022 to 31 December 2022⁽⁴⁾Source: Beauty’s Top 100, WWD, April 2023..