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 2026.
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 2020 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.
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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.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
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.
Table Of Content :
- Product Overview
- Research Methodology
- Impact of COVID-19 on China Cosmetics Market
- Executive Summary
- Voice of Customer
- China Cosmetics Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Skin care, Hair Care, Bath & Shower products, Makeup & Color Cosmetics, Fragrances & Deodorants)
6.2.2. By Demography (Men, Women)
6.2.3. By Distribution Channel (Offline (Supermarkets/Hypermarkets, Exclusive Retail Stores, Beauty Parlors/Salon, Multi Branded Retail Stores, Online)
6.2.4. By Region
6.2.5. By Company (2019)
6.3. Market Attractiveness Index
- China Skin Care Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Distribution Channel
7.2.2. By Demography
7.3. Pricing Analysis
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