Industry Analysis & Industry Trends
The Cosmetic and Personal Care Product Manufacturing industry has posted strong growth over the past decade. China has become one of the largest cosmetics markets in the world and ranks first in Asia. Industry revenue has been growing at an annualized rate of 12.2% in the five years through 2015, to an estimated $19.9 billion. Over the next five years, industry revenue is forecast to grow 3.4% annually, to total $23.6 billion in 2020. Demand for cosmetic and personal care products in China is expected to be medium over the period; as the government continues to build a clean environment, consumption in gifts such as high-end cosmetics continues to decrease.
Chinese cosmetic and personal care product manufacturers mostly compete in lower-end markets.... purchase to read more
Industry Report - Industry Products Chapter
Skin care products
Skin care products are the largest segment in this industry, accounting for 45.0% of total industry revenue in 2015. Skin care products are used to clean and protect the skin, and to keep skin healthy. The vast majority of women use skin care products, underpinning skin care's dominance of the industry.
Hair care is a relatively mature segment with high penetration rates. In this segment, companies have developed niche markets, targeting different consumers on the basis of gender and hair type (e.g. dry, oily, straight, curly). Products with special functions such as dandruff control, and products made from Chinese medicinal herbs are becoming increasingly popular in the Chinese market... purchase to read more