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China Cosmetics Market Report, 2008
China Consulting, April 2008, Pages: 283
After over ten years cultivation and development, the cosmetics market of China is now maintaining annual sales revenue of more than CNY 50 billion, ranking second place in Asia and eighth position in the world.
Presently, the cosmetics market, especially the high-end market, in China is mainly covered by foreign brands or joint-venture brands, including L’Oreal, P&G, Shiseido, Estee Lauder and so on. Compared with the cosmetic giants from other countries, the home-grown producers of China are still little or middle-sized enterprises, with lower-standard equipment and technologies. And China hasn’t even contributed one international-level cosmetic brand to the global market.
It is predicted that the Chinese cosmetic market size is to hit CNY 80 billion in 2008, with most of the products focusing on the white collars, and the market will mainly be boosted by skin-protecting cosmetics and color cosmetics. By 2010, the global cosmetics demand is probably touch USD 190 billion, with a 5% annual growth, meanwhile, the gross sales revenue of China’s color cosmetics market of China is to reach CNY 80 billion.
This report provides statistics, research and analysis of major Cosmetics enterprises in China, including French L’Oreal Group, Procter & Gamble, American Amway, Amway (Guangzhou) Co., Ltd, Japanese Shiseido, Unilever, Shanghai Jiahua, Beijing dabao Factory, Hubei Cbons Group, Olive Cosmetics (Chongqing) Co., Ltd.
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