We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

China's Cosmetics And Personal Care Markets Maintain Blistering Growth

April 8, 2013: 12:00 AM EST
China's cosmetics and personal care market expanded at a compound annual growth rate of 10.3 percent in the last five years to reach $15.2 billion in value, according to market research firm IBISWorld. Data revealed government regulations introduced by the State Food and Drug Administration in 2011, restricting the use of ingredients and additives, have forced vendors to reformulate or discontinue products. Rise in Chinese consumers' disposable income also helped grow the market; however, the low-base nature of growth means vendors have to compete in the lower-end market. Very few China companies compete in the high-end market, which has remained a near-exclusive territory of large Western companies, such as L'Oréal and Estée Lauder.
"China market continues to power ahead, but remains fragmented", Cosmetics Design, April 08, 2013, © William Reed Business Media SAS
Domains
BEAUTY BUSINESS
Market News
Other
Geographies
Worldwide
Asia-Pacific
China
Categories
Market News
Other
Products & Brands
Developed by Yuri Ingultsov Software Lab.