Estimated; excludes soaps, oral hygiene, razors and blades, and currency effects.
Source: L’Oréal
Unilever has also seen a decline in beauty product growth, forecasting the market to expand by 2%–2.5% over the next two years, compared with 4% growth last year. As a point of reference, the beauty market has been growing at 3.5% globally for the past three years, below the historical average rate.
Estimated; excludes soaps, oral hygiene, razors and blades, and currency effects. Euros were translated into US dollars based on annual average foreign exchange rates.
Source: L’Oréal
