Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Markets & trends

The European cosmetics market returns to a more dynamic growth

The European cosmetics market returned to a more dynamic growth in 2015, despite trying economic circumstances, revealed Cosmetics Europe. Decorative cosmetics (make-up) was the most dynamic category, before skin care and fragrances. The European trade association also highlighted the significant contribution of the cosmetics industry to the European economy.

According to the figures recently released by Cosmetics Europe, the European cosmetics and toiletries market grew by +3.1% in 2015, compared to 2.1% in 2014.

(click on the image to enlarge it)

(click on the image to enlarge it)

Our industry remains strong and shows signs of growth despite trying economic circumstances. Valued at 77 billion Euros, Europe remains the largest market for cosmetic products in the world,” commented Loïc Armand, President of Cosmetics Europe.

The growth was driven by dynamic sales in Switzerland (+12.4%), the United Kingdom (+10.9%), Romania (+8%) and Hungary (7.5%).

(click on the image to enlarge it)

(click on the image to enlarge it)

As far as product categories are concerned, make-up was the most dynamic (+7.2%), followed by skin care (+3.4%), toiletries (+2.8%) and fragrances and perfumes (+2.7%). Hair care remain the weakest category but returned to growth in 2015 (+0.8% compared to -0.2% last year).

(click on the image to enlarge it)

(click on the image to enlarge it)

Skin care and toiletries remain the most important product categories in Europe, followed by hair care and fragrances.

(click on the image to enlarge it)

(click on the image to enlarge it)

On the occasion of the third Cosmetics Europe Week, which was held from 13 to 17 June 2016, the European association of cosmetic manufacturers, also presented the results of a study on the socio-economic contribution of the cosmetics industry.

According to the report prepared by Risk & Policy Analysts Ltd. (RPA):

  • The vast majority of Europe’s 500 million consumers use cosmetics and personal care products contributing to well-being and healthy lifestyles, and positive self-esteem every day.
  • The European export market (mainly from France, Germany and Italy) totalled 17.2 billion Euros in 2015, with France and Germany accounting for around 53% of total exports from Europe.
  • The strength of the entrepreneurial cosmetics industry lies in its mix of both big and small companies: there are 4,605 SMEs in Europe and this number is growing
  • At least 2 million jobs are supported across the European value chain, with 56% women and 44% men being employed in the cosmetics industry.
  • The sector is science driven with more than 26,000 scientists in the industry, covering a diverse range of scientific disciplines.

(click on the image to enlarge it)

(click on the image to enlarge it)

Europe is the global flagship producer of cosmetic products. In 2015, the European cosmetics market was valued at 77 billion euros, making Europe the largest market for cosmetic products in the world. The industry make a significant contribution to the European economy across its value chain. It is estimated that the cosmetics industry brings at least 29 billion euros in added value to the European economy every year, of which 8 billion euros is contributed directly by the manufacture of cosmetic products (the remaining 21 billion euros is generated indirectly through the supply chain),” said Cosmetics Europe.

V.G.

© 2016 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus
spip-vignette

An art exhibition with perfume at its heart

From 21st June to 17th September 2017 an exhibition dedicated to perfume is held at the Somerset House in London with the partnership of Givaudan Fragrances, Coty, Liberty and Peroni Ambra. The galleries will transform into a series a scent-based installations showcasing the inspirations and skills of modern perfumery. The exhibition (...)

read more
job opportunities
Experts’ views
US retail: Apocalypse or evolution?

Laurence Bacilieri
US retail: Apocalypse or evolution?

American retail is in freefall, and its sales revenues have been deeply affected by 3,500 stores going out of business, not to mention the difficulties Macy’s, Sears and K-Mart are facing. Unlike the banking sector, the main actors of retail are rapidly restructuring their networks of sales points because of the rising price of rent - (...)

read more
Webinars
E-shop - latest publications
Regulations on the registration of cosmetic products in China (part1)
135.00 € excl. tax
Regulations on the registration of cosmetic products in China
200.00 € excl. tax
Regulations on the registration of cosmetic products in China (part2)
95.00 € excl. tax
Go to top ↑

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close