European Chemicals: Feedback from the Beautyverse (2026 edition)

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European Chemicals: Feedback from the Beautyverse (2026 edition)

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European Chemicals

Feedback from the Beautyverse (2026

edition)

Estimate Change

What we learned from the 2026 Beautiful Day(s) event 26 May 2026 Corrected

We recently hosted 15 speakers and almost 150 investors for conversations with a range Equity

of ingredient suppliers, beauty brand owners and retailers/distributors. The overall macro Europe

message was consistent with the concept of a k-shaped economy in that the premium Chemicals

part of the perfume & cosmetics market is doing better than the masstige segment. It is Matthew Yates >>

apparent that brand loyalty is weakening, but that is not necessarily bad for ingredients Research Analyst

as it encourages shorter product cycles and greater emphasis on innovation in what MLI+44 (UK)20 7996 4537

could be argued is an increasingly saturated market. Fragrance continues to capture a matthew.yates@bofa.com

greater share of the consumer wallet thanks to its relatively affordable dopamine boost, Joffrey Bellicha Meller >>

Research Analyst

while ingredients are winning a bigger role in the bill of materials through higher dosage MLI (UK)

and inclusion of more exotic aromas. Per Ashland, Hair care has been reinvigorated by +44 20 7995 7497

joffrey.bellichameller@bofa.com

dermatology claims and product segmentation to meet diverse preferences.

Matthew DeYoe, CFA

BofASSymrise (Buy, PO EUR110) +1 646 855 5746

We hosted Jean-Yves Parisot, CEO. Over the last two years, Mr Parisot has implemented matthew.deyoe@bofa.com

a EUR100mn cost saving program that has added 300bps to margins. While cost savings Julia Winckelmann >>

are far from exhausted, focus is now shifting to driving the topline. A strategic review of Research Analyst MLI (UK)