Cosmetics Industry Thrives with New Factory Openings in France Amid Market Slowdown

Economy

1 year ago

News sources:

Credited from: LEMONDE

Resilience of the cosmetics sector: Unlike many industries facing layoffs, the cosmetics field is expanding in France.
New production sites: Factories are being established in multiple locations including Troyes, Chartres, and Vendôme.
Global market impact: The cosmetics market is valued at €265 billion, driving growth and demand for French-made products.
Export achievements: Exports of French beauty products have doubled in the last decade, despite challenges posed by the Covid-19 pandemic.
Future developments: The French Federation of Beauty Companies (FEBEA) identified around 20 projects in progress, aimed at enhancing local manufacturing.

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