In 2016, the European cosmetics market was valued at 77 billion Euros, making Europe, with a market share of 19%, the third largest cosmetics market in the world after Asia Pacific (37%) and North America (25%) (L’Oréal, 2016). The European cosmetics industry creates 2 million jobs, with a majority (80%) working indirectly in the value chain (Cosmetics Europe, 2017). Seven global players dominate the cosmetics market, managing 182 cosmetic brands worldwide.
With increasing demand for sustainable products, cosmetic companies know they need to act and report on their sustainability activities. Furthermore, sustainability is increasingly perceived as a competitive advantage, bringing new business opportunities.
Explore environmental sustainability trends in the European cosmetics industry.
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