Looking at the data from January to July this year, the retail sales of cosmetics showed growth in the first six months, down 4.1% yoy, with only a decline in July. Today, the National Bureau of Statistics released the retail sales data for social consumer goods in July 2023. The total retail sales of social consumer goods in July reached 3.6761 trillion yuan ($505 billion), a year-on-year increase of 2.5%. From January to July, the total retail sales of social consumer goods amounted to 26.4348 trillion yuan ($3.6 trillion), a year-on-year increase of 7.3%. From January to July, the national online retail sales reached 8.3097 trillion yuan ($1.14 trillion), a year-on-year increase of 12.5%. Among them, the online retail sales of physical goods amounted to 6.9856 trillion yuan ($959.6 billion), an increase of 10.0%, accounting for 26.4% of the total retail sales of social consumer goods. In the cosmetics category, the total retail sales of cosmetics in July 2023 amounted to 24.7 billion yuan ($3.4 billion), a year-on-year decrease of 4.1%; from January to July, the total retail sales of cosmetics amounted to 231.5 billion yuan ($31.8 billion), a year-on-year increase of 7.2%. Looking at the data from January to July this year, the retail sales of cosmetics showed growth in the first six months, with only a decline in July. This may be due to consumers purchasing cosmetics according to their needs during the 618 shopping festival, resulting in lower overall demand in July and a more conservative consumption trend. However, considering the overall situation of the previous year, there has not been a significant change in the total amount. (Data source: National Bureau of Statistics) According to the historical data released by the Bureau of Statistics, the retail sales of cosmetics showed significant growth from 2018 to July 2020, with the highest year-on-year increase of 9.4% in 2019. The retail sales of cosmetics in July 2022 reached 25.3 billion yuan ($3.5 billion), the highest in recent years. However, the retail sales of cosmetics in July this year were lower than in previous years, recording negative growth for the first time. (Data source: National Bureau of Statistics) In terms of customs data, in July, China imported 27,824.4 tons of beauty and cosmetic products, with an import value of 9.61 billion yuan ($1.32 billion). From January to July, the total import volume of beauty and cosmetic products nationwide was 210,000 tons, a year-on-year decrease of 12.7%; the import value was 75.28 billion yuan ($10.34 billion), a year-on-year decrease of 10.1%. The Bureau of Statistics stated that in July, the national economy continued to recover, and high-quality development made solid progress. However, it is also necessary to recognize that the global political and economic situation is complex, domestic demand is still insufficient, and the foundation for economic recovery still needs to be strengthened.

Natura & Co said Aesop's profitability in China was slightly under pressure as the group accelerated its store opening program. Natura & Co, a leading global beauty company, has reported another quarter of sales growth and improved profit margins in its second-quarter 2023 financial report. Despite facing certain challenges, the company showcased solid performance across its business units. In the second quarter, Natura & Co achieved consolidated net revenue of R$ 7.8 billion ($1.6 billion), representing a 1.9% increase in constant currency (a decrease of 4.1% in BRL). The growth was primarily driven by strong performance in Natura & Co Latam, which experienced solid constant currency growth. Notably, Natura & Co achieved a gross margin of 65.4%, a significant improvement of 430 basis points compared to the second quarter of the previous year. The company's adjusted EBITDA margin also showed improvement, increasing by 230 basis points to 9.7% compared to the same period last year. This positive trend in profit margins was observed across all three business units: Natura & Co Latam, Avon International, and The Body Shop. Despite this progress, net income still faced challenges, with a reported value of R$ (732) million ($147.5 million), although it demonstrated a slight improvement compared to the previous year's figure of R$ (767) million ($154.5 million) for the same period. Underlying Net Income also improved, reaching R$ (219) million ($44.1 million) compared to R$ (262) million ($52.8 million) in Q2-22. The company ended the quarter with a strong cash position of R$ 3.7 billion ($745.4 million). In the second quarter of 2023, Natura & Co achieved significant milestones, particularly in the Natura-Avon integration in Latin America. Wave 2 of the integration commenced in Peru and Colombia, yielding compelling initial results. These markets witnessed substantial cross-selling between brands and remarkable productivity growth, leading to greater prosperity for beauty consultants. As the company enters the second half of the year, it plans to roll out Wave 2 in Brazil and expects similar positive outcomes. ESG (Environmental, Social, and Governance) remains at the forefront of Natura & Co's strategy. The company proudly announced its approval from the Science Based Targets initiative (SBTi) for its ambitious plan to reduce absolute scopes 1, 2, and 3 Greenhouse Gas emissions by 42% by 2030 from a 2020 base year. This target aligns with the trajectory required by the Paris Agreement to limit global warming to 1.5°C. Analyzing the performance by business unit, Natura & Co Latam achieved a net sales of BRL 5.46 billion ($1.1 billion) up 5.8% in constant currency (a decrease of 1.7% in BRL). The Natura brand delivered double-digit growth, driven by strong performance in Brazil, supported by price increases, better mix, and successful campaigns during Mother's Day and Valentine's Day. In Hispanic Latam, net revenue grew by 30% in constant currency, despite challenging situations in several countries, with Peru and Colombia being notable contributors. The Avon brand in Latam experienced a decline of 4% in net revenue in the Beauty segment, while Home & Style saw a decrease of 28.5% in Brazil, aligning with the company's portfolio optimization strategy. Adjusted EBITDA margin for Natura & Co Latam improved by a solid 250 basis points to 13.3%, benefiting from strong gross margin improvement. For Avon International, revenue achieved BRL 1.5 billion ($302.2 million) down 1.3% in constant currency (a decrease of 8.1% in BRL). However, the TMEA and CEE, driven by discipline in executing our higher pricing strategy and improvements in channel’s dynamics (despite the expected hit in the distribution network of -15% YoY due to ongoing changes in the commercial model). The Beauty category was up +3% YoY, while Home & Style continuing last quarter’s trend, with a steep decline amid the planned portfolio reduction of more than 50% of SKUs. In the second quarter of 2023, The Body Shop reported a decline in net revenue. The company's Q2-23 net revenue reached BRL 800 million ($161.2 million), representing a decrease of -12.5% in constant currency (CC) and -12.0% in Brazilian Real (BRL). The decline in revenue was primarily driven by a mid-single-digit decrease in combined sales of core business distribution channels, including stores, e-commerce, and franchises. This decline was slightly worse than the performance observed in the previous quarter (Q1-23). Its retail sales through the core business distribution channels showed a sell-out Same Store Sales decrease of -3.5%. While this indicates a challenging quarter for The Body Shop, the company remains committed to addressing these challenges and finding ways to improve its performance. In April 2023, Natura & Co made a significant announcement regarding the sale of Aesop. The company entered into a binding agreement with L'Oréal to sell Aesop for a total enterprise value of $2.525 billion. The closing of the transaction is expected to occur in the third quarter of 2023. As a result of this agreement, Aesop has been classified as discontinued activities. Despite the impending sale, Aesop demonstrated strong performance in terms of revenue. In the second quarter, Aesop achieved revenues of BRL 759 million ($152.9 million), representing an impressive growth of +16.4% in constant currency (CC) and +14.2% in Brazilian Real (BRL). The growth was driven by all regions, except for the Americas, where there were no significant store openings to boost year-over-year (YoY) growth. Asia, in particular, experienced sequential revenue growth (+18% in Q2) compared to the previous quarter (+14% in Q1). This growth was influenced by Korea's return to growth amid an improving macroeconomic environment and internal efforts to enhance retail performance. The company's signature stores also played a crucial role, totaling 293 in Q2-23 (an increase of 18 over the last twelve months) and achieving a same-store sales growth of +8%. In addition, China is slightly pressuring profitability as the Group ramp up store opening schedule. From a distribution channel perspective, retail and wholesale channels showed solid growth, although e-commerce performance was relatively softer. Combined same-store sales growth, including retail, department store concessions, and Aesop.com, reached +8%. The fragrance category continued to outperform Aesop's overall top-line growth, following the trend observed in previous periods. Fabio Barbosa, Group CEO of Natura & Co, expressed satisfaction with the second-quarter performance, which built upon the positive momentum observed in the first quarter. He highlighted the low-single digit top-line growth at constant currency and the significant improvement in adjusted EBITDA margin. The improvement in gross margin, driven by mix effects, partially offset by investments and inflation, played a crucial role in the positive outcome. Barbosa also mentioned that net income was still impacted by high financial expenses, which are expected to be addressed upon closing the sale of Aesop, anticipated to occur in Q3-23.

LVMH reported revenue of €42.24 billion for the first half of 2023, representing a 15% increase from the previous year. Organic revenue growth for the same period was 17%. The Perfumes & Cosmetics business achieved revenue of €4.028 billion, reaching a new high since the pandemic. LVMH, the global leader in high-quality products, reported revenue of €42.24 billion for the first half of 2023, representing a 15% increase from the previous year. Organic revenue growth for the same period was 17%. All the company's business units, apart from Wines & Spirits, achieved double-digit organic revenue growth in the first half of the year. Among them, the Perfumes & Cosmetics business achieved revenue of €4.028 billion, reaching a new high in nearly five years. Perfumes & Cosmetics business revenue exceeded 4 billion euros, reaching a New High LVMH continued its strong performance in the first half of 2023. Overall, the company achieved revenue of 42.24 billion euros, with organic growth of 17%. In detail, the Wines & Spirits business unit's revenue was 3.181 billion euros, with an organic year-on-year decline of 3%. The Fashion & Leather Goods business unit's revenue showed a significant organic year-on-year increase of 20% to 21.162 billion euros. The Perfumes and Cosmetics, and Watches and Jewelry business units had an organic year-on-year revenue growth rate of 13%, reaching 4.028 billion euros and 5.427 billion euros, respectively, with the Perfumes and Cosmetics business achieving a new high in five years. The revenue of the Selective Retailing business grew by 26% year-on-year to 8.355 billion euros. In addition, LVMH's recurring operating profit increased by 13% in the first half of the year, reaching 11.574 billion euros. The operating profit margin reached 27.4% of revenue. The group's net profit increased by 30% to 8.481 billion euros. In the first half of 2023, LVMH's Perfumes & Cosmetics business achieved a year-on-year revenue organic growth of 13%, reaching €4.028 billion, with a profit from recurring operations of €446 million, up 15% year-on-year. In terms of geographical regions, Asia (excluding Japan) accounted for 34% of LVMH's revenue from the Perfumes & Cosmetics business, far exceeding Europe (excluding France) and the United States, both at 19%. Looking at the performance over the past five years, the revenue of LVMH's Perfumes & Cosmetics business exceeded €3 billion and reached €3.236 billion in the first half of 2019. However, in the first half of 2020, due to the global pandemic, the revenue of its Perfumes & Cosmetics business fell by 28.8% to €2.304 billion. But in the first half of 2021, when the pandemic's impact began to weaken, the revenue of LVMH's Perfumes & Cosmetics began to rebound significantly, with organic growth of 37% year-on-year, returning to €3 billion. In the first half of 2022, revenue reached €3.618 billion, surpassing the pre-pandemic level of 2019. In 2023, revenue broke through €4 billion, reaching a new high in five years. LVMH stated that that the Perfumes & Cosmetics business group achieved a 13% organic revenue growth in the first half of 2023, thanks to successful innovation and a highly selective distribution policy. Profit from recurring operations also increased by 15%. Christian Dior had exceptional performance, strengthening its leadership in key markets. Sauvage remained the world's top-selling fragrance, while J'adore and Miss Dior continued to see success. The Maison's makeup line, particularly Dior Addict Lip Maximizer and Forever Skin Correct foundation, also contributed to the strong results. Skincare also had excellent performance, particularly in the premium segment in Asia with its iconic Prestige range. Guerlain continued to expand, driven by its Abeille Royale skincare and high-end perfumery collection l'Art et la Matière, enriched with new Jasmin Bonheur creations. Givenchy's new fragrance Gentleman Society was well-received, and Benefit expanded its Professional skincare range. Fenty Beauty's latest product, Hella Thicc mascara, quickly became one of Maison's top sellers. The Selective Retailing revenue was up 26%, with Sephora outperformed In addition to the strong overall performance, the Selective Retailing business, which includes Sephora and DFS, saw a significant increase in revenue of 26%. In the first half of 2023, driven by the recovery of international travel, LVMH's Selective Retailing business achieved a historically high revenue of €8.355 billion. The operating profit also doubled from €367 million in the first half of 2022 to €734 million in the first half of 2023. LVMH stated that Sephora continued its strong performance globally, and outperformed in North America, Europe, and the Middle East. Sephora also continued to expand its distribution network, with its first store in London's Westfield, which opened in March this year, achieving tremendous success, and ranking among the top 20 globally, significantly exceeding its target. Sephora also expanded its reach through a partnership with Kohl's in the United States. As for its duty-free business, LVMH's DFS saw good growth thanks to the recovery of international travel. However, LVMH also noted that although DFS's revenue has increased, it is still below the pre-pandemic level of 2019, and the return of international travelers to flagship destinations in Hong Kong and Macau has been relatively slow compared to other regions. In France, the strong performance of the Parisian destination hotel La Samaritaine confirmed its attractiveness as a destination, especially with the increasing number of Asian tourists. The thriving Le Bon Marché continued to develop innovative concepts and benefited from a loyal French customer base and the return of international travelers. Looking at the past five years, the Selective Retailing business unit achieved revenue of over €7 billion, reaching €7.098 billion in the first half of 2019. However, due to the global pandemic, revenue dropped by 32% to €4.844 billion in 2020. In the first half of 2021, there was a slight increase with organic growth of 12%, reaching €5.085 billion. In the first half of 2022, the Selective Retailing business continued to recover, achieving an organic growth of 30% to reach €6.63 billion, but it had not yet returned to the pre-pandemic level of 2019. In 2023, revenue of the Selective Retailing business unit surged by 26%, surpassing €8 billion for the first time and reaching €8.355 billion. LVMH said, in the second half of the year, Sephora plans to expand its presence in key markets such as North America, France, the Middle East, and China. This includes extending its partnership with Kohl's in North America. In the United Kingdom, Sephora will invest in opening a second store by the end of the year. Sephora's iconic Champs-Élysées location, which has been fully renovated, will also reopen. Sephora will continue to expand its store network and invest in its omnichannel strategy to improve the entire shopping experience for customers. The product range will also be expanded to include promising categories such as haircare, fragrances, and sun care. Looking at the performance of LVMH's Perfumes & Cosmetics business and the Selective Retailing business unit, which includes Sephora, over the past five years, although LVMH was also significantly impacted by the pandemic, it was able to quickly recover to pre-pandemic levels within two years. Bernard Arnault's visit to China underscores the ambition of the Chinese market In terms of regions, both Europe and Asia saw strong business growth. It is worth mentioning that the Asian region, including the Chinese market, remains the largest market for the LVMH group, contributing 34% of its revenue, which is an increase from the same period last year. The United States achieved 3% organic growth in the first half of the year. Japan achieved 31% organic growth in the first half of the year. The rest of Asia, excluding Japan, achieved 23% organic growth in the first half of the year, with Q2 accelerating further to a YoY increase of 34% on an organic basis, making it the fastest-growing market among all regions. Europe achieved 22% organic growth in the first half of the year. Although LVMH's Perfumes & Cosmetics business has continued to grow in revenue in recent years, its growth rate is lower than the overall level of the group. At the same time, the trend of the past few years shows that the proportion of its beauty business in LVMH's overall business has also declined. In the first half of 2019, its Perfumes & Cosmetics business accounted for 12.9% of the total revenue, which fell to 9.85% in the first half of 2022 and slightly declined to 9.54% in the first half of this year. Meanwhile, within the Perfumes & Cosmetics business, the proportion of its revenue in Asia (excluding Japan) to the total beauty business revenue is also showing a downward trend. In the first half of 2020, the revenue from Asia (excluding Japan) accounted for 49% of LVMH's Perfumes & Cosmetics business, close to 50%, while by 2023, the proportion had declined to 34%. For China, the world's second-largest cosmetics market, LVMH is also vying for every inch of ground. Under the conditions of the declining Perfumes & Cosmetics business and the continuous decline in the Asian market, LVMH urgently needs the Chinese market to boost its Perfumes & Cosmetics business. After the easing of pandemic restrictions this year, LVMH has launched a series of activities in China to revive the Chinese market. After achieving a good start to the first quarter earnings report this year, LVMH CFO Jean Jacques Guiony said LVMH Group is very optimistic about the Chinese market in 2023, and the next time will herald promising prospects for development. In the second quarter, Jean Jacques Guiony expressed great satisfaction with the rebound in the Chinese market, which accounts for a large part of sales in Asia. In March of this year, LVMH made several important personnel changes. Among them, the most important personnel change was the appointment of former L’Oréal China CEO Stéphane Rinderknech as Chairman and CEO of LVMH's Beauty Division, responsible for all perfume and cosmetics business under LVMH. In 2016, when Stéphane Rinderknech served as the CEO of L’Oréal China, the company's business in China showed a downward trend. But just two years after he took over, in 2018, L’Oréal’s growth rate in the Chinese market reached the highest level since 2007. At the same time, the group's three major brands became the largest market in the world in the Chinese market. The appointment of Stéphane Rinderknech, who is very familiar with the Chinese market, reflects LVMH's ambition to revive the Chinese market. In addition to personnel appointments, LVMH has also begun to lean towards the Chinese market in R&D. In April of this year, LVMH followed in the footsteps of international giants such as L’Oréal and Estée Lauder, unveiled its first high-end cosmetics R&D center in Shanghai. It was reported that this is the largest R&D center established by LVMH in Asia, with skincare and makeup and color development laboratories, product testing rooms, and other product innovation development laboratories. The main task of the center is to carry out a series of R&D innovations for the Chinese market and consumers, to continuously enhance the innovation and vitality of the Chinese market. In addition, in June of this year, Sephora grandly unveiled the second store in Asia and the first future concept store in China on Nanjing East Road in Shanghai's core business district, bringing consumers a large number of exclusive high-quality selections, professional store services, and innovative digital makeup preparations, as well as a comprehensive upgrade of consumers' beauty shopping experience. In addition to the above series of actions, LVMH President Bernard Arnault's visit to China further reflects LVMH's emphasis on the Chinese market. At the end of June this year, Bernard Arnault appeared in Beijing and Chengdu, China, accompanied by his daughter Delphine Arnault, his youngest son Jean Arnault, and Louis Vuitton CEO Pietro Beccari. The presence of several key executives in China after the relaxation of pandemic restrictions also indirectly demonstrates LVMH's eagerness to revive the Chinese market. As luxury giants continue to increase their stake in beauty, the Chinese market has become a battleground for global luxury giants. After Kering reportedly acquired perfume brand Creed for €3.8 billion, the competition for the beauty market among luxury goods has entered a white-hot stage, with the Chinese market likely to become the main battleground for these luxury giants' beauty businesses.

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70.33% of consumers have the most urgent need for "purity" of foundation, followed by lip cosmetics. Because the foundation is a single product for the whole face and is an important category of base makeup, consumers care more about the safety of ingredients and whether friendly to the skin. And the lip is related to eating, advocating the safety and effectiveness of "pure" raw materials as a breakthrough to produce lipstick, which will be more favored by consumers. The report shows that the global clean beauty market scale was $ 6.01 billion in 2021 and is expected to reach $11.56 billion by 2027, and it may sprint to a $100 billion market in the next decade. The report also presents that foreign clean beauty development momentum is significantly better than Chinese. And Chinese consumers have a positive attitude towards clean beauty and demand is strong. Various large groups have flocked to China, and China's "clean beauty" market has great potential...... Get 90% Off of CLD Report With a Professional Plan Subscribe Now Buy this Report 80% of consumers do not reject and it still in the early stages of development Get a Free Sample Do you know that Clean Beauty Product is one of the best seller in China? The report shows that although the consumers who participated in the study basically have the habit of daily skin care, and another 38.28% of consumers use makeup 1 to 2 times a week, and 22.85% of them wear makeup almost every day, but 70% of the respondents said they "do not know" clean beauty. Nevertheless, most consumers are concerned about the safety, packaging, and humanitarianism of this concept, and those under 30 are more cared about the natural or "decomposable" ingredient properties of clean beauty. It is worth noting that 90% of respondents said there are ingredients they were concerned about, with preservatives being the most important. Contents Chap.1 Brief Introduction of Clean Beauty Definition of Clean Beauty Development of Clean Beauty Market Size The Advantage of Clean Beauty Chap. 2 Recent Trends International Trends on Clean Beauty(Excluding China) Trends in Clean Beauty in China Development of Clean Beauty in Different Countries Chap. 3 Branding for Clean Beauty Marketing of International(Excluding China) and Chinese Brands Tendency on Major Brands Niche Brands Sales in Online Channels Chap. 4 Consumer Research and Opinion from Industry Experts Consumer Demand and Consumer Buying Behavior Opinion from Industry Experts Chap 5. The Future Development of Clean Beauty Demand for Clean Beauty is Strong, and the Market needs more diversified products Promoting in Multiple Scene and Marketing in Omnichannel E-commerce Channel as the First Choice and Offline Channels is the New Opportunity Establishing Standard of Clean Beauty with Chinese Characteristics to Drive Chinese beauty Going Global China's Clean beauty market has great potential Book a Free Demo Not Sure if This Report Suits You? Book a 30-min Demo with Hustle Free! *Subscribe to Enterprice Membership to access all full reports for FREE *Subscribe to Professional Membership to access all full reports for 90% OFF In terms of cosmetics application, 70.33% of consumers have the most urgent need for "purity" of foundation, followed by lip cosmetics. Because the foundation is a single product for the whole face and is an important category of base makeup, consumers care more about the safety of ingredients and whether friendly to the skin. And the lip is related to eating, advocating the safety and effectiveness of "pure" raw materials as a breakthrough to produce lipstick, which will be more favored by consumers. It is important to note that when consumers purchase clean beauty, they are most concerned about the cost-effectiveness and product reputation, and the attention to the brand ranked third, of which more than 70% of consumers said they would prefer to buy local brand products. And at present, consumers buy or think that belongs to the clean beauty brands, except LAN and Dewy Lab, which are all foreign brands. Chinese brands are still in the initial stage of cultivating the market, the Chinese market and consumers need the right cultivation and education, but also the time to settle down. The trend of universal attention to clean beauty is underway The report presents that Some overseas niche cosmetic brands that focus on the concept of clean beauty are adapting to cross-border e-commerce as their preferred channel to enter the China market. Data shows that more than 70 new clean beauty brands have been stationed in Tmall International since 2021, and sales in this category have surged by more than 600% year-on-year. Furthermore, foreign giants have begun to invest in or acquire clean beauty brands, meanwhile, also by creating clean brands and launching a product line positioned clean beauty, officially entered the field of clean beauty. Other Niche Reports 2022 MARKET REPORT ON UNISEX BEAUTY 2022 Chaileedo Report Read Now 2022 MARKET REPORT ON CLEAN BEAUTY 2022 Chaileedo Report Read Now 2022 MARKET REPORT ON OIL SKINCARE PRODUCT 2022 Chaileedo Report Read Now 2022 MARKET REPORT ON EYE CARE PRODUCT 2022 Chaileedo Report Read Now 2022 MARKET REPORT ON MOISTURIZING SKIN CARE PRODUCT 2022 Chaileedo Report Read Now 2022 MARKET REPORT ON PERFUME PRODUCT 2022 Chaileedo Report Read Now Over 80% of respondents support the promotion in the Chinese market Continue Reading Download Now Already an Enterprise Member?