Professional Documents
Culture Documents
Global
Global
3%
9%
31%
Western Europe
North America
Latin America
Eastern Europe
Africa-Middle East
20%
24%
DEMOGRAPHIC:
Age: 15-40 years old
Gender: Female
Education: Undergraduate and above
Occupation: Students and adults
Income Range: Above 15K
PYSCHOGRAPHIC
Perception: Quality products that are well
known and functional
Motivation & Needs: Uplifting self-esteem,
enhancing beauty, fulfilling emotional needs
and higher status
Attitude & Personality: Self-conscious and
confident
MARKET TREND:
Holding around 40% of worldwide market
growth, L'Oréal has now shifted its strategy in
recent years, moving away from its previous
aim to be the number one beauty brand to
instead become “ the number one beauty tech
company.
GROWTH OF THE WORLDWIDE
6
COSMETICS MARKET OVER TEN YEARS
+5.0%
5
+4.6% +4.6%
+4.2%
+3.9%
+4.0%
4 +3.8%
+3.6%
+2.0%
2
+1.0%
1
0
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