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According to data from PwC, Japan’s cosmetics market, long the world’s third-largest, was overtaken by Brazil in 2023. Between 2019 and 2025, it stagnated posting a compound annual growth rate of 0.3% from 2019 to 2025 against a global growth rate of 5.3%. This is not a temporary slump but a reflection of deep-seated demographic…

China’s beauty market, only second to the US at an estimated $77.3 billion in 2025 according to PwC, is undergoing a fundamental rebalancing. Its growth now trails the global average (4% CAGR 19-25), signaling not stagnation but a structural internal realignment. The long-standing dynamic where China was a net importer of prestige brands and an…

Richemont reported a 11% year-on-year sales rise at constant rate to €6.4 billion for Q3 FY26, surpassing consensus estimates. The group’s critical Greater China market saw sales increase by 2%, marking a second consecutive quarter of recovery. This stabilisation is a pivotal signal for the wider luxury sector.

Unilever has reinforced its strategic focus on India with follow-on investments in two pioneering beauty brands. The venture capital arm of group has participated in a new funding round for Secret Alchemist, a clean fragrance label it first backed in 2025. Concurrently, it has joined a Series A round for the science-led skincare brand SkinInspired,…