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 Key Buyers Chapter
Although there are many companies operating in this industry, no firm has a dominant market share. The top four firms are forecast to account for about 40.8% of industry revenue in 2014. Larger groups have invested much in this industry, strengthening sales channels, acquiring smaller players, and launching new products. For example, Johnson & Johnson acquired Beijing Dabao Cosmetics Co. Ltd. in July 2008, and regularly releases new products into the market... purchase to read more