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 Locations Chapter
Guangdong is home to 35.3% of all industry enterprises, most of which are small in size. About 25.8% of total industry revenue will come from these businesses. Guangdong has become the largest original equipment manufacturer (OEM) production base for cosmetics and personal care products in China, with complete industrial chains, from raw material purchasing to retail sales. Large players such as Avon, Markwins, BaWang, Sunrider and Houdy, are located in this province.
Only 10.3% of the industry's enterprises are located in Jiangsu province, but they account for 15.6% of industry revenue. These manufacturers are large in scale and include Longliqi and Shangmei-L'Oreal... purchase to read more