The International Top 30

August 11, 2014

Maybe those three little pigs were wrong; at least one economist thinks so.

David Levy, who publishes the Levy Forecast newsletter, expects the US economy to tumble into recession next year due to weakness in emerging markets such as Brazil, Russia and China. Like so many other prognosticators, Levy has a rich history of getting calls right—the only thing is, they weren’t his calls. His grandfather reportedly called the 1929 stock market crash and his father was said to have credibly called turns in the business cycle, often against conventional wisdom, according to reports. We don’t know if there’s an economic gene, but even the most casual market watchers realize that this recovery is getting a bit long in the tooth and, all three countries have their issues.

Brazil’s economy has stagnated, the government of President Dilma Rousseff faces a difficult election in the fall and that source of national pride, the futbol team, was crushed at its own World Cup. It all suggests that the Brazilian Miracle run out of steam.

Russia, of course, faces isolation from the rest of the world following the debacle in the Ukraine and the downing of a Malaysian airliner by Ukraine separatists. Yes, Europe needs Putin’s oil, but investors have been scared off by the chilling events of the past few months. As far back as April, the International Monetary Fund cut its already modest 2014 growth forecast for Russia, warning that Ukraine-related sanctions were pushing the economy toward recession. Even before the latest crisis, the IMF said Russian output would grow just 0.2% this year, cutting its estimate from 1.3% and earlier 3% in its fourth downward revision in a row.

The situation seems to be improving in China, where HSBC upgraded its forecast for China’s year-on-year gross domestic product growth to 7.5%—not the double-digit gains of yesteryear, but impressive nonetheless. And even though the Chinese economy is expected to have its share of hiccups, HSBC maintains that the government has enough tools at its disposal to keep the economy from faltering.

But the best news for the BRICs may be coming out of India, where Prime Minister Narendra Modi plans to attract investment by cutting subsidiaries and upgrading bridges and roads. The moves are expected to boost GDP gains from 4.5% last year to 6.5% in 2016.

In these turbulent times, betting on FMCG companies with a knack for understanding global markets seems like the right move. You know many of them; companies like Unilever, L’Oréal and Henkel—all of which are included in The International Top 30 on the pages that follow.

The International Top 30

1. Unilever
United Kingdom • $36.8 billion

2. L’Oréal
France • $31.4 billion

3. Henkel
Germany • $10.9 billion

4. Reckitt Benckiser
United Kingdom • $9.5 billion

5.  Kao
Japan • $8.4 billion

6. Shiseido
Japan • $7.4 billion

7. Beiersdorf
Germany • $6.9 billion

France • $5.0 billion

9. Amore Pacific
South Korea • $3.5 billion

10. LG Household and Healthcare
South Korea • $3.3 billion

10. Natura
Brazil •  $3.3 billion

12. Lion
Japan • $3.2 billion

12. Yves Rocher
France • $3.2 billion

14. GlaxoSmithKline
United Kingdom • $3.0 billion

15. Chanel
France • $2.4 billion

15. O Boticario
Brazil • $2.4 billion

17. Bolton
The Netherlands • $2.3 billion

18. Belcorp
Peru • $1.9 billion

18. Oriflame
Sweden • $1.9 billion

20. Kosé
Japan • $1.8 billion

21. Pierre Fabre
France • $1.7 billion

22. Clarins
France • $1.6 billion

22. Puig
Spain • $1.6 billion

24. Pola Orbis
Japan • $1.5 billion

25. L’Occitane
France • $1.4 billion

25. Sunstar
Switzerland • $1.4 billion

27. PZ Cussons
United Kingdom • $1.3 billion

28. McBride
United Kingdom • $1.2 billion

29. Yanbal
Peru • $848 million

30. Fancl
Japan • $810 million
blog comments powered by Disqus
  • Free and Clear

    Free and Clear

    Melissa Meisel, Associate Editor||October 17, 2016
    OY-L aims for zero-chemical skin care.

  • Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Let the Magic Begin!

    Let the Magic Begin!

    Tom Branna, Editorial Director||October 10, 2016
    IFSCC Congress gets underway at Walt Disney World this month.

  • Proof Positive

    Proof Positive

    Christine Esposito, Associate Editor||October 3, 2016
    Testing service providers enable companies to back up their claims and stay in compliance with regulations.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market

  • Skin Care of One’s Own

    Skin Care of One’s Own

    Christine Esposito, Associate Editor||October 3, 2016
    Nu Skin’s ageLOC Me—which melds the worlds of smart-phone technology, efficacious ingredients and personalization

  • Contract Manufacturing / Private Label Directory

    Contract Manufacturing / Private Label Directory

    October 1, 2016
    Our directory is your source to find a manufacturer to get your product to market.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.

  • A Sweet-Smelling Sanctuary

    A Sweet-Smelling Sanctuary

    Melissa Meisel, Associate Editor||September 1, 2016
    Home fragrance is enhanced by aromatic developments in delivery and components.

  • How Green Is Your Surfactant?

    How Green Is Your Surfactant?

    Tom Branna, Editorial Director ||September 1, 2016
    Suppliers offer a range of solutions to help household and personal care product formulators develop formulas

  • New Surfactants

    Tom Branna, Editorial Director ||September 1, 2016
    Here’s a list of new ingredients introduced by surfactant suppliers

  • The International Top 30 Household and Personal Products Companies

  • Special Effects

    Special Effects

    Melissa Meisel, Associate Editor||August 1, 2016
    Fall 2016 color cosmetics reflect light and offer a focus on elements like pigment, slip and wear.

  • Works of Art

    Works of Art

    Tom Branna, Editorial Director||August 1, 2016
    These suppliers know that the container can be just as important as the juice to entice luxury shoppers.

  • Silent Partners

    Silent Partners

    Christine Esposito, Associate Editor||August 1, 2016
    From research & development to logistics to confidentiality, savvy distributors help finished formulators achieve their goals

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.

  • Quaternized Guar Is a Natural Solution

    Quaternized Guar Is a Natural Solution

    Tom Schoenberg, Schoenberg Consulting||July 1, 2016
    The polymer has applications in a range of skin and hair care formulas that does not build up on hair with repeated use

  • The Top 50

    The Top 50

    June 30, 2016
    A look at the biggest US companies in the global household and personal products industry.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.

  • Get Smart About Your Big Data

    Get Smart About Your Big Data

    Christine Esposito, Associate Editor||June 1, 2016
    Experts at the IRI Growth Summit explain how to make personal connections with customers.

  • For the Love of Lipids

    For the Love of Lipids

    Tom Branna, Editorial Director||June 1, 2016
    AOCS and SCC to deliver a program geared to cosmetic chemists of the important role that fats and oils play in a healthy skin

  • April in Paris

    April in Paris

    Tom Branna, Editorial Director||June 1, 2016
    In-Cosmetics sets attendance record in its return to the City of Light.

  • Salon Selectives

    Salon Selectives

    Tom Branna, Editorial Director||June 1, 2016
    The inside story about what stylists think about the state of the industry and the state of your products and ingredients.