A strong growth for French cosmetics despite the challenges of 2024
Last week, multiple sources released the latest figures on the French cosmetics industry. Today, with over €22 billion in exports, our sector ranks as the second-largest exporting industry in France, just behind aeronautics.
This remarkable performance stands out even more given the highly unstable geopolitical context, marked by trade tensions, fluctuating raw material costs, and increasingly stringent regulations. Additionally, the industry faces tough international competition, often unbalanced, as some countries heavily support their domestic businesses or impose non-tariff barriers, distorting fair trade. Despite these challenges, the French cosmetics sector has achieved a growth rate exceeding 7.5% in 2024, demonstrating its resilience and adaptability.
A Value Chain of Excellence
The €22 billion in exports is just the tip of the iceberg. Behind every cosmetic product or fragrance lies a complex and sophisticated value chain, built upon centuries of scientific and technical expertise. This excellence is driven by a specialized ecosystem of key players, supported by both public and private funding, solidifying France’s global leadership in cosmetics.
Everything begins with research and innovation, the industry's core engine. Universities, public and private laboratories, and R&D centers continuously develop new active ingredients, advanced formulations, and increasingly eco-friendly processes. Equipment manufacturers provide laboratories and factories with cutting-edge technologies, ensuring precision and efficiency in product manufacturing.
The packaging industry also plays a crucial role, designing ever more aesthetic, functional, and sustainable packaging solutions to meet consumers' growing demand for eco-responsibility. Meanwhile, logistics and distribution networks ensure the smooth global delivery of products, while regulatory and toxicology experts guarantee compliance with the highest international standards.
Design and branding agencies, cosmetic brands, and investors are also key players in this thriving industry. Design agencies shape the visual identity of products, translating scientific innovation into captivating sensory experiences through packaging, ergonomics, and brand imagery. Cosmetic brands, in turn, embody and showcase French expertise, transforming R&D advancements into commercial successes in international markets. Lastly, investors play a strategic role in driving sector growth by funding research and development and fostering the emergence of new trends. Their commitment accelerates innovation and strengthens the global competitiveness of the French cosmetics industry.
This extensive value chain, which extends far beyond finished products, highlights the richness and complexity of the French cosmetics industry. Every stakeholder contributes to the industry's prestige and dynamism, ensuring its success on the global stage.
Cosmetic Valley: A Key Industry Partner
In this interconnected landscape, Cosmetic Valley plays a central role in bringing industry players together and supporting their growth. As the world's leading competitiveness cluster dedicated to perfumery and cosmetics, it fulfills several essential missions:
- Driving innovation and research by facilitating collaboration between businesses, laboratories, and universities on groundbreaking projects.
- Supporting companies, especially SMEs, in scaling their operations, securing financing, and navigating regulatory compliance.
- Structuring and fostering the industry ecosystem by promoting dialogue between manufacturers, researchers, and institutions through events and training programs.
- Facilitating international expansion by helping businesses establish themselves in foreign markets through trade missions and major international exhibitions.
- Promoting French expertise by showcasing industry excellence through certifications and market studies.
- Encouraging a more sustainable cosmetics industry by guiding businesses in their transition toward eco-friendly practices.
Through these initiatives, Cosmetic Valley strengthens France's position as the global leader in cosmetics and perfumery, ensuring the industry's long-term sustainability and competitiveness.
Join the Movement!
At EcoMundo, we are proud to partner with Cosmetic Valley and fully embrace its values of innovation, excellence, and responsibility. If you too want to support the French cosmetics industry and contribute to its global influence, contact us to learn more about our sponsorship and partnership opportunities!
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A strong growth for French cosmetics despite the challenges of 2024
Last week, multiple sources released the latest figures on the French cosmetics industry. Today, with over €22 billion in exports, our sector ranks as the second-largest exporting industry in France, just behind aeronautics.
This remarkable performance stands out even more given the highly unstable geopolitical context, marked by trade tensions, fluctuating raw material costs, and increasingly stringent regulations. Additionally, the industry faces tough international competition, often unbalanced, as some countries heavily support their domestic businesses or impose non-tariff barriers, distorting fair trade. Despite these challenges, the French cosmetics sector has achieved a growth rate exceeding 7.5% in 2024, demonstrating its resilience and adaptability.
A Value Chain of Excellence
The €22 billion in exports is just the tip of the iceberg. Behind every cosmetic product or fragrance lies a complex and sophisticated value chain, built upon centuries of scientific and technical expertise. This excellence is driven by a specialized ecosystem of key players, supported by both public and private funding, solidifying France’s global leadership in cosmetics.
Everything begins with research and innovation, the industry's core engine. Universities, public and private laboratories, and R&D centers continuously develop new active ingredients, advanced formulations, and increasingly eco-friendly processes. Equipment manufacturers provide laboratories and factories with cutting-edge technologies, ensuring precision and efficiency in product manufacturing.
The packaging industry also plays a crucial role, designing ever more aesthetic, functional, and sustainable packaging solutions to meet consumers' growing demand for eco-responsibility. Meanwhile, logistics and distribution networks ensure the smooth global delivery of products, while regulatory and toxicology experts guarantee compliance with the highest international standards.
Design and branding agencies, cosmetic brands, and investors are also key players in this thriving industry. Design agencies shape the visual identity of products, translating scientific innovation into captivating sensory experiences through packaging, ergonomics, and brand imagery. Cosmetic brands, in turn, embody and showcase French expertise, transforming R&D advancements into commercial successes in international markets. Lastly, investors play a strategic role in driving sector growth by funding research and development and fostering the emergence of new trends. Their commitment accelerates innovation and strengthens the global competitiveness of the French cosmetics industry.
This extensive value chain, which extends far beyond finished products, highlights the richness and complexity of the French cosmetics industry. Every stakeholder contributes to the industry's prestige and dynamism, ensuring its success on the global stage.
Cosmetic Valley: A Key Industry Partner
In this interconnected landscape, Cosmetic Valley plays a central role in bringing industry players together and supporting their growth. As the world's leading competitiveness cluster dedicated to perfumery and cosmetics, it fulfills several essential missions:
- Driving innovation and research by facilitating collaboration between businesses, laboratories, and universities on groundbreaking projects.
- Supporting companies, especially SMEs, in scaling their operations, securing financing, and navigating regulatory compliance.
- Structuring and fostering the industry ecosystem by promoting dialogue between manufacturers, researchers, and institutions through events and training programs.
- Facilitating international expansion by helping businesses establish themselves in foreign markets through trade missions and major international exhibitions.
- Promoting French expertise by showcasing industry excellence through certifications and market studies.
- Encouraging a more sustainable cosmetics industry by guiding businesses in their transition toward eco-friendly practices.
Through these initiatives, Cosmetic Valley strengthens France's position as the global leader in cosmetics and perfumery, ensuring the industry's long-term sustainability and competitiveness.
Join the Movement!
At EcoMundo, we are proud to partner with Cosmetic Valley and fully embrace its values of innovation, excellence, and responsibility. If you too want to support the French cosmetics industry and contribute to its global influence, contact us to learn more about our sponsorship and partnership opportunities!
