The cosmetics giant L'Oréal spent some 10.59 billion Euros on advertising and promotions worldwide in 2021, up from 8.65 billion Euros spent in 2020.
L'Oréal key facts
L'Oréal is the leading beauty manufacturer worldwide, based on revenue. The company owns dozens of cosmetics brands spanning a variety of different segments, such as Lancôme, Essie, Maybelline, and Clarisonic to name a few. Between 2015 and 2018, L'Oréal had a compound annual growth rate of 4.2 percent. The average CAGR among leading cosmetics companies during that period was 5.9 percent.
L'Oréal consumer behavior
Several of the most popular makeup brands among American women are owned by L'Oréal. A May 2017 survey found that 42 percent of women in the United States frequently use Maybelline New York makeup, while 27 percent use L'Oréal Paris makeup on a regular basis. L'Oréal brands also feature heavily on lists of the most popular luxury makeup brands among American consumers.
L'Oréal's advertising and promotion expenses worldwide from 2007 to 2021
(in billion euros)
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L’Oréal. (March 16, 2022). L'Oréal's advertising and promotion expenses worldwide from 2007 to 2021 (in billion euros) [Graph]. In Statista. Retrieved June 27, 2022, from https://www.statista.com/statistics/286507/loreal-advertising-spending-worldwide/
L’Oréal. "L'Oréal's advertising and promotion expenses worldwide from 2007 to 2021 (in billion euros)." Chart. March 16, 2022. Statista. Accessed June 27, 2022. https://www.statista.com/statistics/286507/loreal-advertising-spending-worldwide/
L’Oréal. (2022). L'Oréal's advertising and promotion expenses worldwide from 2007 to 2021 (in billion euros). Statista. Statista Inc.. Accessed: June 27, 2022. https://www.statista.com/statistics/286507/loreal-advertising-spending-worldwide/
L’Oréal. "L'oréal's Advertising and Promotion Expenses Worldwide from 2007 to 2021 (in Billion Euros)." Statista, Statista Inc., 16 Mar 2022, https://www.statista.com/statistics/286507/loreal-advertising-spending-worldwide/
L’Oréal, L'Oréal's advertising and promotion expenses worldwide from 2007 to 2021 (in billion euros) Statista, https://www.statista.com/statistics/286507/loreal-advertising-spending-worldwide/ (last visited June 27, 2022)