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Author: Alexis Amann
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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…
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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…
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As of January 2026, Sephora remains the world’s dominant selective beauty retailer, operating just under 3,450 stores globally, with its largest footprints in the United States (over 1,780 stores), China (320+), and France (290+). Europe represents around 25% of Sephora stores at around 870 stores.
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Last week in beauty and luxury was a tale of two markets: while one retail giant collapses, others posted robust growth and placed new strategic bets.
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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.
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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,…
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The U.S. beauty landscape has a new leader. In 2024, Korean cosmetics imports hit $1.7 billion, officially surpassing France. This is the the result of a deliberate, multi-phase market entry.
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The US beauty market remains the world’s largest, with a projected value of $111.3 billion by 2025. This represents a robust 5.9% CAGR from 2019, outpacing global market growth of 5.3% for the same period.
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New data from Pattern, the leading e-commerce accelerator, analyzing Amazon Prime Day 2025 search behaviour reveals distinct consumer priorities in the US and UK within beauty.
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The coming year for Beauty M&A will be defined by three core themes: strategic realignment of corporates, geographic shifts, and convergence with new verticals.