Domestic brands: leaders in consumer preference
Though several foreign beauty companies are present in Brazil, domestic players dominate the market. At the top of the list is Natura &Co, which owns the homonymous brand known for its sustainable products. In 2020, the company’s net revenue in Brazil rose by 76 percent despite the economic effects of the COVID-19 pandemic. Altogether, the domestic market represented roughly one-third of Natura’s total revenue. The remaining proceeds resulted from the operation of its international brands: The Body Shop, Avon, and Aesop. In 2020, the Brazilian beauty holding group was the world’s second-largest direct selling company, only behind the U.S. American Amway.Another important player in this Brazilian industry is Grupo Boticário, with its brands Beautybox, Quem Disse, Berenice?, Eudora, Multi B, Vult, Beleza na Web as well as the homonymous O Boticário. In 2020, the cosmetics group’s revenue continued the steady upward trend registered in recent years, despite the reduction of its franchised store system in the country.