Following many milestones and achievements in 2022, the British beauty sector is bracing for a turbulent trading period ahead that it plans to tackle collaboratively, says the CEO of the British Beauty Council.
We speak to leading beauty and personal care brands to glean insights on three emerging markets – Vietnam, the Middle East and Central Asia – to see what 2023 has in store for the industry.
Logistical challenges and energy struggles are plaguing smaller independent beauty brands such as Shakeup Cosmetics, which says it is doing as much as it can not to pass on rising costs to its consumers.
Personal care major Beiersdorf has acquired a majority stake in Belgian biomedical research firm S-Biomedic, opening doors to advance work in skin care actives to manage and balance the microbiome.
Products that instantly impress and brand communication that helps shape beauty and personal care usage will be key to driving superiority growth for Procter & Gamble, says its chief financial officer (CFO).
Estée Lauder Companies’ acquisition of Tom Ford is a shrewd move that will allow the world’s second largest beauty company to better compete with its rival L’Oréal, says a GlobalData analyst.
International beauty major L’Oréal has announced a tie-up with French biotech specialist Microphyt, in a move set to accelerate its green sciences push, according to an exec.
L’Occitane International has reported that Asia Pacific grew by 1.9% at constant rates in the first half (H1), led by Hong Kong, Australia, and Malaysia, helping to offset the second consecutive quarter of double-digit declines for China.
International beauty major L’Oréal has reported a worldwide surge in sales for the third quarter (Q3) of 2022, capturing growth across all divisions but especially active cosmetics, despite inflationary pressures in many countries.
Skin care brand Meeth is furthering its global ambitions by making entry into Spain, where it believes it can excite beauty consumers with its novel Japanese products.
Personal care giant Procter & Gamble (P&G) has reported a small rise in net sales and a dip in net profit for the first quarter of fiscal 2023, forecasting a continued difficult cost and operating environment, particularly in Europe, for the rest...
Personal care major Johnson & Johnson (J&J) has reported a rise in third quarter (Q3) sales and a surge in net profit, bolstered by strong growth in pharma and med tech but also solid results across its global consumer health business.
The French Federation for Beauty Companies (FEBEA) has signed the country’s EcoWatt Charter, pledging alongside hundreds of other corporations to further reduce electricity use during the ongoing energy crisis.
Beauty retail major Sephora is set to absorb prestige beauty e-commerce player Feelunique’s domain this week, kickstarting the start of its wider UK market re-entry plans.
The addition of a high-end homegrown C-beauty brand with a Gen Z following to its portfolio is precisely what L’Oréal needs to stay at the top of its game in the Asian market, says a leading market expert.
Luxury French skin care brand Biologique Recherche believes the Thai market is ready for its haute couture personalised skin care services and will use it as a springboard to further expand in South East Asia.
International beauty major The Estée Lauder Companies and French luxury fashion house Balmain have entered into a license agreement to collaboratively develop and launch an inclusive prestige beauty line next year.
L’Oréal announced the acquisition of physician-dispensed brand Skinbetter Science, which will become part of the multinational’s Active Cosmetics Division.
Japanese cosmetics company Kosé Corporation intends to strengthen its line-up of make-up in the high-prestige beauty segment to capitalise on the post-pandemic make-up recovery.
Indian cosmetics e-commerce company Nykaa is making “baby steps” onto the international stage by pushing its portfolio of beauty brands into markets including Mauritius, United Arab Emirates, US.
The UK’s second-biggest health and beauty retailer Superdrug is defying the cost-of-living crisis and upping its game in premium beauty brands as it broadens its offer beyond its lower price point core.
Retail major Walgreens Boots Alliance is expanding its partnership with app-based delivery firm Deliveroo in the UK following a successful pilot scheme last year.
Colgate, Lifebuoy, Dove and Sunsilk have fiercely and consistently expanded reach over the years, edging into new categories and plugging new consumer needs to stay on top of the fast-moving consumer goods race – action other industry players can aspire...
Japanese beauty major Shiseido is planning to invest JPY10bn (USD75.5m) in both brand equity and its employees as part of plans to go on the offensive and buck the declining trend of the market.
The British beauty sector will parade its status as an economic powerhouse and potent transformer of lives at next month’s British Beauty Week, as the industry and world slowly moves past the COVID-19 pandemic once and for all.
French beauty giant L’Oréal will not be stamping out Maybelline’s physical presence in China and migrating online completely, despite the strength of e-commerce and plans to close 14 standalone stores, its CEO has confirmed.
International skin care major Beiersdorf has reported a net profit surge for the first half (H1) of 2022, with its flagship Nivea brand performing especially well worldwide and great successes reported in sun care and Latin America for the broader business.
French beauty exports will continue to surge in 2022, with China and the US set to remain important business markets for makeup and perfumes in particular, according to the French Federation for Beauty Companies (FEBEA).
Leaders at Unilever, Procter & Gamble and Colgate-Palmolive are predicting a tough six months ahead, with cost inflation anticipated to peak and foreign exchange challenges to continue.
Personal care giant Colgate-Palmolive has reported a net sales rise for the first half (H1) of 2022, with business especially strong in Latin America despite ongoing headwinds worldwide.
Personal care giant Procter & Gamble (P&G) has reported a net profit rise for the full fiscal year 2022, though beauty and grooming dipped in the fourth quarter and challenges remain ahead, according to its CEO.
International beauty major L’Oréal has reported strong sales growth for the first half (H1) of 2022, with much of business returning to or exceeding pre-pandemic levels and net profit surging.
Hong Kong-listed L’Occitane’s business in China dropped by double digits due to COVID-19 troubles, hindering the performance of the Asia Pacific region in the three months ending June 30.
Personal care major Johnson & Johnson (J&J) has reported a rise in first half (H1) sales for 2022 despite a dip in pre-adjusted profits and consumer health sales hit by COVID-19, input costs and supply issues.
Consumer goods major Unilever has reported net sales growth for the first half (H1) of 2022, despite continued high inflation and slower global growth that will continue well into the second half of the year, according to its CEO.
India-based cosmetics conglomerate The Good Glamm Group is set to make its first foray internationally into the Middle East in August, and has plans to tackle the South East Asian market next year.
Hong Kong-based beauty retailer Sa Sa International is eyeing opportunities in Malaysia, Australia, Europe, and North America with a revamped international online store.
Mumbai-based online beauty firm Pilgrim plans to execute a two-pronged expansion strategy by tapping the Middle East markets and setting up an offline presence by Q4 2023.
Sequential Skin has been awarded close to half a million euros as part of the Innovate UK SMART Grant to fund an initiative that advances understanding of the skin microbiome.
L’Occitane International saw China emerge as its top driver for sales in FY2022, charting a net sales growth of EUR327.9m (U$347.3m), alongside other significant APAC markets Japan and Hong Kong.
A new study on the business impact the EU Commission’s proposed Chemicals Strategy for Sustainability (CSS) has suggested a potential negative effect on the industry of up to €2bn per year.
Firmenich and DSM have revealed plans to merge the two companies in a move that they believe will create an ‘unparalleled’ leader in nutrition, beauty and wellbeing.
The South Korean arm of South East Asian e-commerce platform Shopee has inked a deal with the Korean SMEs and Startups Agency (KOSME) to form a logistics service to facilitate the entry of Korean products to Poland.
The success of e-commerce mega sales days like Double 11 and 6.18 have created even more demand for such campaigns, creating more opportune moments for beauty brands to acquire new customers and increase baseline sales, says a Singapore-based expert.
![The British Beauty Council will be supporting industry members in 2023 amidst the ongoing cost of living crisis, political uncertainties and continued need to drive sustainable change [Getty Images]](jpg/british-beauty-council-2022-report-outlines-challenges-ahead-for-beauty-industry-and-2023-goals-4.jpg)
![Leading beauty and personal care brands on three emerging markets it is keeping an eye on. [Getty Images]](jpg/all-eyes-on-three-emerging-markets-to-watch-for-beauty-and-personal-care-growth-in-2026.jpg)
![Logistical challenges and energy struggles are plaguing indie brands like Shakeup Cosmetics. [Shakeup Cosmetics]](jpg/indie-beauty-brands-weighed-down-by-increasing-costs-and-logistical-issues-2.jpg)
![S-Biomedic is specialised in skin microbiome research and the development of active cosmetic ingredients able to influence host-microbiome symbiosis and microbiota population stability [Getty Images]](jpg/beiersdorf-s-biomedic-acquisition-to-advance-skin-microbiome-research-active-ingredient-development-for-acne-2.jpg)
![Procter & Gamble is focused on creating instant impact with its beauty, personal care and home care products, aiming to create the 'first-use wow' impression [Getty Images]](jpg/procter-gamble-cfo-talks-superior-innovation-at-morgan-stanley-global-consumer-and-retail-conference-2.jpg)
![Estée Lauder Companies is due to close its acquisition of fashion major Tom Ford early next year [Getty Images]](jpg/estee-lauder-companies-tom-ford-acquisition-for-2.3bn-to-increase-competition-in-beauty-says-globaldata-2.jpg)
![Microphyt works with a patented process to create a range of microalgae varieties in a low-carbon, controlled environment [Getty Images]](jpg/l-oreal-acquires-minority-stake-in-microphyt-microalgae-biotech-specialist-for-green-sciences-2.jpg)
![L'Occitane Hong Kong, Australia, and Malaysia, help to offset double-digit decline for China. [L'Occitane]](jpg/l-occitane-h1-hong-kong-australia-and-malaysia-lead-apac-growth-as-china-continues-to-slump-2.jpg)
![L'Oréal's active cosmetics division performed especially well in skin care, with its SkinCeuticals and L'Oréal Paris brands especially strong [Getty Images]](jpg/l-oreal-q3-2022-sales-rise-with-active-cosmetics-skin-care-and-fragrances-strong-despite-inflation-2.jpg)
![Meeth is furthering its global ambitions by making entry into Spain. [Meeth]](jpg/japan-s-meeth-advances-global-expansion-plans-with-spain-debut-2.jpg)
![Procter & Gamble says 2023 will continue to be a tough year, particularly in Europe where consumers will face significant inflationary pressures [Getty Images]](jpg/procter-gamble-q1-2023-net-profit-dips-net-sales-rise-amidst-difficult-cost-and-operating-environment-2.jpg)
![Within J&J's consumer health business, its skin care brands Neutrogena and Aveena have performed strongly worldwide [Getty Images]](jpg/johnson-johnson-q3-2022-net-profit-soars-21.6-with-worldwide-sales-up-and-guidance-maintained-2.jpg)
![FEBEA's 350+ beauty company members will now respond according to alerts sent out via the country's EcoWatt Charter and further improve efforts around electricity consumption [Getty Images]](jpg/febea-signs-ecowatt-charter-to-further-improve-french-beauty-electricity-consumption-2.jpg)
![Sephora announced the acquisition of Feelunique last year but is this week set to absorb the UK domain and website [Getty Images]](jpg/sephora-absorbs-feelunique-domain-sealing-uk-acquisition-and-kickstarting-re-entry-plans-2.jpg)
![L’Oréal’s China investment company had taken a minority stake in Chinese fragrance brand Documents. [Documents]](jpg/l-oreal-china-documents-deal-represents-strategy-change-for-l-oreal-2.jpg)
![Biologique Recherche believes SEA is ready for its haute couture personalised skin care services. [Biologique Recherche]](jpg/biologique-recherche-launches-ultra-luxury-personalised-services-in-thailand-2.jpg)
![Aminu’s Middle East expansion will focus on United Arab Emirates and Saudi Arabia as its two key markets. [Aminu]](jpg/india-s-aminu-targets-uae-and-saudi-arabia-in-middle-east-expansion-2.jpg)
![Balmain Beauty aims to offer a prestige 'beauty for all' experience, drawing inspiration from the spirit of the French fashion house brand [Getty Images]](jpg/estee-lauder-balmain-beauty-2024-launch-after-license-agreement-2.jpg)
![Evenswiss says Asia will be key to its future growth after enjoying initial success in Vietnam and China. [Evenswiss]](png/evenswiss-says-its-future-growth-story-lies-in-asia-2.png)
![Kosé intends to strengthen its line-up of make-up in the high-prestige beauty segment to capitalise on the post-pandemic make-up recovery. [Kosé / Jill Stuart]](jpg/kose-corp-aims-to-tap-into-make-up-recovery-with-high-prestige-brands-2.jpg)
![Nykaa is making “baby steps” onto the international stage by pushing its portfolio of beauty brands into new markets. [Nykaa]](jpg/nykaa-set-to-take-brand-portfolio-overseas-to-mauritius-uae-us-2.jpg)
![UK health and beauty retailer Superdrug has acquired seven new premium fragrance and beauty brands [Getty Images]](jpg/superdrug-adds-premium-fragrance-beauty-brands-to-retail-offering-2.jpg)
![The Boots-Deliveroo partnership will now run across 125 stores in the UK, giving consumers access to home deliveries on more than 750 health and beauty products [Image: Walgreens Boots Alliance]](jpg/boots-uk-expands-deliveroo-partnership-to-125-stores-and-750-health-and-beauty-products-2.jpg)
![Leading beauty brands are expanding into new categories, new need sets and new consumer moments - all key to maintaining global success in the wider fast-moving consumer goods (FMCG) market [Getty Images]](jpg/kantar-worldpanel-brand-footprint-2022-beauty-brand-success-based-on-expansion-strategies-2.jpg)
![Shiseido is planning to invest JPY10bn in both brand equity and its employees. [Shiseido]](jpg/shiseido-to-invest-over-75m-in-brand-equity-and-employee-training-2.jpg)
![British Beauty Week will focus on galvanising business and creators and celebrating how far the category has come, particularly post-COVID [Getty Images]](jpg/british-beauty-week-september-5-11-2022-to-galvanise-business-says-british-beauty-council-ceo-2.jpg)
![L’Oréal will not be stamping out Maybelline’s physical presence in China. [L'Oréal / Maybelline]](jpg/l-oreal-confirms-that-maybelline-will-continue-to-have-offline-presence-in-china-ceo-2.jpg)
![Sun care performed especially well in Latin America for Beiersdorf, particularly under its Nivea brand [Getty Images]](jpg/beiersdorf-h1-2022-net-profit-rises-25-with-nivea-sun-care-and-latin-america-especially-strong-2.jpg)
![French beauty exports to China continue to be especially important, with lipstick still the number-one exported product to this country [Getty Images]](jpg/french-beauty-exports-up-19-in-h1-2022-and-set-to-hit-20bn-for-full-year-with-china-and-us-important-2.jpg)
![Despite a fairly solid rebound for most of the beauty and personal care category mid-2022, the challenges ahead remain severe and require smart business planning [Getty Images]](jpg/unilever-procter-gamble-and-colgate-palmolive-talk-inflation-and-currency-woes-2.jpg)
![Net sales growth has been especially strong in Latin America for Colgate-Palmolive, driven by Colombia, Brazil, Mexico and Argentina [Getty Images]](jpg/colgate-palmolive-h1-2022-net-sales-rise-net-profit-dips-with-latin-america-strong-2.jpg)
![Along with continued operational costs and currency challenges will be inflationary pressures facing consumers not seen in the last 40 years over the next fiscal year [Getty Images]](jpg/procter-gamble-fy2022-q4-results-see-net-profits-rise-2.jpg)
![L'Oréal's luxury division performed especially well, with wider beauty market promise most notable in fragrances and makeup - both rebounding strongly in H1 2022 [Getty Images]](jpg/l-oreal-h1-q2-2022-net-profit-soars-25-with-sales-strong-worldwide-and-luxury-active-cosmetics-solid-2.jpg)
![L'Occitane’s business in China dropped by double digits due to COVID-19 troubles. [L'Occitane]](jpg/l-occitane-q1-double-digit-decline-in-china-hinders-group-s-apac-performance-2.jpg)
![Supply constraints and inflationary pressures around input costs has continued to plague the global beauty and personal care category [Getty Images]](jpg/johnson-johnson-q1-h2-2022-results-up-but-consumer-health-sales-dip-amid-supply-input-issues-2.jpg)
![Unilever has been in global negotiations with retailer partners worldwide on tackling high inflation with price hikes [Getty Images]](jpg/unilever-q2-h1-financial-results-grow-despite-serious-inflation-pressures-2.jpg)
![The Good Glamm Group is set to make its first foray internationally into the Middle East in August. [The Mom's Co.]](jpg/the-good-glamm-group-s-international-venture-targets-middle-east-sea-2.jpg)
![Sa Sa eyeing opportunities in Malaysia, Australia, Europe, and North America. [Sa Sa International]](jpg/sa-sa-targeting-malaysia-australia-europe-n.-america-with-online-revamp-2.jpg)
![Pilgrim's first 24K gold line comprising oil, serum and facial mask was inspired by Korean cosmetics. [Pilgrim]](jpg/indian-beauty-firm-pilgrim-eyes-middle-east-markets-offline-expansion-by-2024.jpg)
![The APAC region, particularly China, Japan and Hong Kong, is driving the growth of L’Occitane International. [L'Occitane]](jpg/china-major-contributor-to-overall-growth-for-l-occitane-fy-results-2.jpg)
![[Getty Images]](jpg/new-study-identifies-challenges-for-fragrance-industry-to-meet-european-green-deal-objectives-2.jpg)
![Shopee has inked a deal with KOSME to facilitate the entry of Korean products to Poland. [Getty Images]](jpg/shopee-korea-scores-3m-government-project-to-bring-k-beauty-to-poland-2.jpg)
![[Getty Images]](jpg/china-focus-latest-developments-in-china-s-booming-beauty-market-2.jpg)
![The success of e-commerce mega sales have created even more demand for such campaigns. [Getty Images]](jpg/more-mega-sales-events-can-help-beauty-brands-get-new-customers-and-drive-sales-2.jpg)
![Consumers across the UK and Europe use beauty and personal care products as a means to boost self-esteem and confidence and this needs to be communicated more [Getty Images]](jpg/cosmetic-toiletry-and-perfumery-association-ctpa-talks-2023-sustainability-and-essentiality-importance-4.jpg)
![L'Oréal has unveiled two prototype smart makeup application devices - one for lipstick and another for brows - both designed to make the category more inclusive and accessible [Getty Images]](jpg/l-oreal-and-johnson-johnson-launch-smart-inclusive-beauty-devices-at-ces-tech-tradeshow-2026.jpg)
![The beta-glucans and polyphenols in mushrooms are particularly interesting for the cosmeceutical and nutraceutical spaces [Getty Images]](jpg/mushrooms-offer-cosmeceutical-nutraceutical-promise-around-skin-health-immunity-and-wellness-finds-review-2.jpg)
![Beauty for 'taboo' topics like acne, menopause and sexual wellness will be one important trend to watch in 2023 [Getty Images]](jpg/nielseniq-beauty-trends-2023-highlight-retail-shift-taboo-beauty-and-at-home-salon-treatments-as-key-2.jpg)
![A team at the University of Tours researched natural deep eutectic solvents (NADES) and the potential to use these in cosmetic creams and gels [Getty Images]](jpg/university-of-tours-france-research-on-nades-extracts-from-microalgae-for-multifunctional-cosmetics-promise-2.jpg)
![As the sustainable beauty space booms, building and maintaining trust with consumers will be key for brands [Getty Images]](jpg/sustainable-beauty-executives-say-brands-must-rethink-marketing-to-include-certification-value-for-money-and-education-efforts-2.jpg)
![The British Beauty Council will be supporting industry members in 2023 amidst the ongoing cost of living crisis, political uncertainties and continued need to drive sustainable change [Getty Images]](jpg/british-beauty-council-2022-report-outlines-challenges-ahead-for-beauty-industry-and-2023-goals-2.jpg)
![Leading beauty and personal care brands on three emerging markets it is keeping an eye on. [Getty Images]](jpg/all-eyes-on-three-emerging-markets-to-watch-for-beauty-and-personal-care-growth-in-2024.jpg)
![The adoption of the Kunming-Montreal Global Biodiversity Framework (GBF) at last month's COP15 should provide a stronger means for implementation of finance and strategies to protect biodiversity [Getty Images]](jpg/un-biodiversity-conference-cop15-in-montreal-results-in-historic-deal-to-protect-people-and-planet-2.jpg)
![Campomanesia leaves are just one plant extract identified as offering UV protective properties because of an array of active constituents in this part of the plant [Getty Images]](jpg/botanicals-likely-to-be-the-future-of-sunscreens-review-2.jpg)
