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 Analysis Chapter
Revenue for the Cosmetic and Personal Care Product Manufacturing industry has been increasing at an annualized rate of 12.2% in the five years through 2015 to total $19.9 billion. China has become an important cosmetics market, ranking second after the United States globally, and first in Asia.
With a vast and growing base of consumers with significant purchasing power, the Chinese market for industry products is set to soar. The major drivers of industry growth include increased use of cosmetics and personal care products by Chinese consumers; a promising economic environment and increased income levels; and an emerging e-commerce platform for consumption.
Overall industry profit is estimated at 12.5% of revenue in 2015... purchase to read more