5 Countries That Produce the Best Cosmetics in the World

In this piece, we will take a look at the five countries that produce the best cosmetics in the world. For more countries, head on over to 12 Countries That Produce the Best Cosmetics in the World.

5. United States of America

Cosmetics Exports in 2021: $5.49 billion

The United States of America is the world’s largest economy in nominal terms and one that also has the largest cosmetics industry. The U.S. cosmetics market was worth $92 billion in 2020 and it will grow at a CAGR of 8.64% until 2026 to sit at $155 billion by the end of the forecast period. The U.S.’s largest personal care company, The Procter & Gamble Company (NYSE:PG), opened a new beauty division in March 2022 to further expand its personal care lineup. Other American cosmetics behemoths are The Estée Lauder Companies Inc. (NYSE:EL) (an $85.9 billion market capitalization making it the world’s second largest cosmetics company) and Kimberly-Clark Corporation (NYSE:KMB) with a $45.66 billion market cap. The U.S.’s cosmetic exports in 2021 were worth $31,094 per ton, making them the third most valuable on our list.