Industry Analysis & Industry Trends
The Cosmetic and Personal Care Product Manufacturing industry has shown strong growth over the past decade. China has become one of the largest cosmetics markets in the world and ranks second in Asia after Japan. Industry revenue has been growing at an annualized rate of 9.9% in the five years through 2014 to an estimated $17.0 billion. Over the next five years, industry revenue is forecast to grow 5.0% annually to total $21.5 billion in 2019. The demand for cosmetic and personal care products in China is expected to be high over the period, which serves as a strong driver. However, the rising price of raw materials continues to shrink profitability.
Chinese cosmetic and personal care product manufacturers mostly compete in lower-end markets.... purchase to read more
Industry Report - Industry Investment Chapter
The industry employs a significant number of workers. In 2014, there are 402 cosmetic and personal care product manufacturers employing 121,625 workers. Average employee wages are estimates at $943 per month in 2014, which is higher compared to many manufacturing industries in China.
The industry utilizes advanced manufacturing equipment and technologies to produce high quality products. As the automation level of production improves, the industry will become increasingly more capital-intensive.
Large players tend to invest heavily in developing new products to maintain market share. For example, Unilever spent 10 years developing an anti-dandruff product to break the hold of P&G's Head & Shoulders... purchase to read more