5 Countries That Produce the Best Cosmetics in the World

4. Japan

Cosmetics Exports in 2021: $6.2 billion

Japan is an Asian island nation that is one of the most prosperous nations in the world, alongside having a vibrant cosmetics industry that was worth $41.9 billion this year and is slated to grow at a CAGR of 5.4% until 2026. The Japanese industry is home to various innovations, such as a personalized skin color test which provides the right color palette based on skin tone. Japan’s largest pure play cosmetics company is Shiseido Company, Limited (TYO:4911.T) which is worth a massive 2.48 trillion Japanese Yen. Other top firms are DHC Corporation and Mandom Corporation (TYO:4917.T).