Coty Inc. (COTY) is a leading beauty and cosmetics company that competes with Estée Lauder (EL), L'Oréal (LRLCY), and Avon (AVP). According to an Ernst & Young report, the longer-term outlook remains positive for the beauty industry. The report notes that global population that has access to cosmetics in emergi ng markets is estimated to increase by 50%. As a result, the beauty industry is expected to double in the next ten to 15 years in China, the US, Brazil, India, and Japan.