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 11.4% in the five years through 2013 to an estimated $16.0 billion. Over the next five years, industry revenue is forecast to grow 7.5% annually to total $22.9 billion in 2018. 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 Analysis Chapter
Revenue for the Cosmetic and Personal Care Product Manufacturing industry has been increasing at an annualized rate of 11.4% in the five years through 2013 to total $16.0 billion. China has become an important cosmetics market, ranking third after the United States and Japan globally, and second to Japan 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 people; a promising economic environment and increased income levels; and an emerging e-commerce platform for consumption.
Overall industry profit is estimated at 7.6% of revenue in 2013... purchase to read more