Sales share of L'Oréal's global cosmetic branch 2023, by business segment

This statistic depicts the consolidated sales share of L'Oréal's cosmetic branch worldwide in 2023, broken down by business segment. In 2023, skin care accounted for approximately 40 percent of L'Oréal's global consolidated sales. 

L'Oréal

Since its establishment in 1909, the L'Oréal Group has devoted itself to one business: beauty. It enables all individuals to express their personalities, gain self-confidence and open up others. L’Oréal has set itself the mission of offering all women and men worldwide the best of cosmetics innovation in terms of quality, efficacy and safety. Providing access to products that enhance well-being, L’Oréal has made the universalization of beauty its project for the years to come.

Fiscally, 2023 was a good year for L'Oréal on many fronts. The Group achieved strong sales and once again demonstrated its ability to outperform the beauty market, and to maintain high market share, even in more difficult geographic markets like North Asia.

What does the future hold for L'Oréal?

L'Oréal's is primarily focused on skin care, hair care, make-up, hair colorants and perfumes with the branch's consolidated sales amounting to approximately 41.18 billion euros worldwide in 2023. Furthermore, the company also works towards the innovation of the world of beauty and has entered the beauty tech market. In 2023, the research and development (R&D) expenses of the company reached a peak at over 1.28 billion euros. In the same year, the company filed 610 patents. The future of the company seem to be intertwined with that of technology, as L'Oréal develops and releases apps and devices that can help improve the consumer's experience.