China cosmetics market is anticipated to
undergo rapid growth during the next five years owing to the burgeoning demand
for premium cosmetics and increasing number of working women population who
tend to spend more on cosmetic products. Increasing number of beauty salons are
also aiding China cosmetics market. Moreover, increasing per capita expenditure
on personal appearance and growth in beauty and cosmetics market are some of
the other factors expected to propel demand for cosmetics market in China.
China is the second
largest market of cosmetic products after United States in terms of revenue and
consumption. The beauty and personal care market is facing a burgeoning demand
owing to the increasing urbanization and social media influence. All these
factors are expected to fuel the growth of cosmetics market in China by 2028.
China cosmetics
market is segmented based on type, demography, distribution channel and region.
Based on type, the market is categorized into skin care,
hair care, bath & shower products, makeup & color cosmetics and
fragrances & deodorants. Skincare products accounted for the largest
market share in 2022 and the segment is anticipated to dominate the market over
the next five years as well. Color cosmetics, which largely includes face
makeup, is still an emerging segment and is gaining popularity among the
younger consumers.
Based on
distribution channel, China cosmetics market is categorized into online and
offline channels. The offline channel is further segmented into supermarkets/hypermarkets,
exclusive retail stores, beauty parlors/salon and multi branded retail stores. More
than 70 percent of cosmetics sales revenue in China come from e-commerce sites
like Alibaba’s Tmall and JD.com.
Some of the
major players operating in the China cosmetics market are Jiangsu LONGLIQI
Bio-Science Co, Ltd. (Longrich), Shanghai Inoherb Cosmetics Co, Ltd., JALA
Corporation, Zhejiang Osmun Group, Zhejiang Proya Cosmetics Co, Ltd, Tianjin
Yumeijing Group Co, Ltd., Softto Co, Ltd., BaWang International (Group) Holding
Limited, Guangzhou Huanya Cosmetics Technology Co, Ltd. and Guangdong Marubi
Biotechnology Co, Ltd., among others. The market is witnessing emergence of
global brands as the country imports most of its cosmetic products from
countries like South Korea and Japan.
Objective of the Study:
- To analyze and forecast
market size of the China cosmetics market, in terms of value.
- To define, classify and
forecast the China cosmetics market on the basis of type, demography, distribution
channel and regional distribution.
- To scrutinize the detailed market
segmentation and forecast the market size, in terms of value, on the basis
of region by segmenting china cosmetics market into regions, namely, South-Central,
South-West, East-China, North-East, North China & North-West.
- To identify tailwinds and headwinds
for the China cosmetics market.
- To examine competitive
developments such as expansions, new product launches, supply contracts,
and mergers & acquisitions in the China cosmetics market.
- To evaluate competitor
pricing, average market selling prices and trends in the China cosmetics market.
- To strategically profile the
leading players, which are involved in the supply of cosmetics in China.
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TechSci Research performed primary as
well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of cosmetics manufacturers and suppliers in China Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research was able to include
manufacturers that could not be identified due to the limitations of secondary
research. TechSci Research analysed product offerings, distribution channels,
and regional presence of all major cosmetics suppliers across the country.
TechSci Research calculated the market size for the China cosmetics
market using a bottom-up approach, where manufacturers’ value sales data for
different types of cosmetic was recorded as well as forecast for the future
years was made. TechSci Research sourced these values from industry experts and
company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive
at the overall market size. Various secondary sources such as all China cosmetics
manufacturers, association, company annual reports, white papers, investor
presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
- China cosmetics manufacturers
- China cosmetics retailers/distributors
- Research organizations and consulting companies
- Associations, organizations and alliances related to cosmetics manufacturing
- Government bodies such as regulating authorities and policy makers
- Industry associations
- Market research and consulting firms
The study is useful in providing
answers to several critical questions that are important for industry
stakeholders, such as cosmetics manufacturers, distributors, dealers and policy
makers,
which market segments
should be targeted over the coming years (next five years) in order to
strategize investments and capitalize on growth of the market.
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Attribute
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Details
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Base Year
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2022
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Historical Years
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2018 – 2021
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Estimated Year
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2023E
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Forecast Period
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2024F – 2028F
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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·
Type
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Demography
·
Distribution
Channel
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Region Scope
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South-Central, South-West, East China, North East, North-West
& North China
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Key Companies Profiled
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Jiangsu LONGLIQI Bio-Science Co, Ltd. (Longrich), Shanghai
Inoherb Cosmetics Co, Ltd., JALA Corporation, Zhejiang Osmun Group, Zhejiang
Proya Cosmetics Co, Ltd, Tianjin Yumeijing Group Co, Ltd., Softto Co, Ltd.,
BaWang International (Group) Holding Limited, Guangzhou Huanya Cosmetics
Technology Co, Ltd. and Guangdong Marubi Biotechnology Co, Ltd
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, China cosmetics market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
- China Cosmetics Market, By Type:
- Skin Care
- Hair Care
- Bath & Shower Products
- Makeup & Color Cosmetics
- Fragrances & Deodorants
- Others
- China Cosmetics Market, By Demography:
- China Cosmetics Market, By Distribution
Channel:
- Offline
- Supermarkets/Hypermarket
- Exclusive Retail Stores
- Beauty Parlors/Salon
- Multi Branded Retail Stores
- Online
- China Cosmetics Market, By Geography:
- South-Central
- South-West
- East China
- North East
- North-West
- North China
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in China cosmetics market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis
in case of direct and indirect sales channel.
It is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]