Flash Report 1 minuteRegister for Free AccessChina Puts a Damper on the Beauty Category Coresight Research September 10, 2015 Executive Summary On Friday, September 4, L’Oréal lowered its forecasted growth for the cosmetics category in 2015 to around 3.5%, down from its previous expectations of 3.5%–4%. That said, the company did not adjust its expectations for its own sales performance for the second half of the year. In its most recent update on July 30, L’Oréal said it had expected industry sales growth to accelerate in the back half of the year based on improved demand in Western Europe and the US. L’Oréal’s sales grew by 3.6% in the second quarter, excluding acquisitions, disposals and currency swings. Asia-Pacific sales grew by 4.1% in the period, slowing from 5.8% in the first quarter. The lowered expectations are due to the slowdown in China. We estimate that sales in China are down roughly 5%. The Asia-Pacific region represents 35% of global cosmetics sales, and is the largest market for the category. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Four Trends in How US Consumers Are Shopping for GroceriesRetail-Tech Landscape: Generative AI InfrastructureWeekly US and UK Store Openings and Closures Tracker 2023, Week 51: Previewing Plans for 2024—Dollar General (US) and Asda (UK) To Lead Store OpeningsGroceryshop 2023 “Shark Reef” Startup Pitch: All You Need To Know