A look at skincare and hair care in China’s C&T market
Reed Sinopharm Exhibitions Co., Ltd., 15th Floor Tower B, Ping An International Financial Centre, No. 1-3, Xinyuan South Road
Chaoyang District, Beijing, 100027, China
The Chinese cosmetics and toiletries (C&T) industryexperienced tremendous growth in the last decade, to saythe least. At present, the country’s personal care market is the second largest in Asia-Pacifi c after Japan, and the third largest worldwide. Yet, it still has a huge potential for growthbecause of its largely untapped nature. Disposable incomeamong the urban middle class has been increasing rapidly,and the country’s 1.3 billion-strong population offers a largeconsumer base. These factors, if nothing else, position Chinaas a very attractive market to manufacturers of personal careproducts, both local and international.Within the domestic C&T market in China, skincare and hair care are the two largest segments in terms of revenue generation. These two sectors contribute more than 50percent of total sales within the local personal care industry,and are expected to grow rapidly over the next few years.Here’s a closer look at the skincare and hair care markets inChina, and the wealth of opportunities that are available forcosmetics and toiletries businesses looking to serve the everimportantChinese consumer. ...