Amyris’s clean beauty business on track for over 250% year on year sales growth

In California, Amyris, Inc. reports its Clean Beauty business comprising Biossance, Pipette and the company’s squalane ingredients business is off to much better than expected growth for 2020. Year to date through February 18, 2020, sales through the Biossance brand’s website Biossance.com have exceeded by 2X total full-first quarter of 2019 sales.

“We expected around 150% growth for our Biossance brand this year and are tracking for over 250% year on year sales growth after the first six weeks of 2020,” said John Melo, Amyris President and CEO. “This momentum in Clean Beauty overall has the potential to deliver over $130 million in sales and over $90 million in revenue with very strong gross margins for 2020 across our Clean Beauty portfolio. This is a movement that is here to stay as educated consumers choose products made and marketed by responsible brands that deliver very strong efficacy. We are very pleased with the number of brands that are joining us to clean up the beauty industry and making people’s skin and our planet healthier.”

Over the recent holiday weekend counting Valentine’s Day through President’s Day, the brand’s sales through the website for the four-day period exceeded website sales for the entire month of February 2019.