Cosmetics market share in china
China Beauty Expo is supposed to be the largest and most diverse cosmetics exhibition in China cosmetic market. In 2014, it attracted 252, 200 visitors fromTier 3 Cities Cosmetics Industry Market Share (), Market Size (USD Billion) Based on geography, tier 1 cities acquire largest market share i. e. nearly 45. 0 share in 2017. The major growth of China cosmetics industry is driven by the market expansion in tier 2& tier 3 cities. cosmetics market share in china
According to the Morgan Stanley report, online channel sales of beauty products grew from 3 in 2010 to 19 in 2015 in the domestic market. Add in crossborder eCommerceonline sales from outside of Chinaand that figure jumps to 26.
Cosmetics market share in china free
Recent years showed a growth in cosmetics market in China. Cosmetic market in China. The United States are undoubtedly the first cosmetics market in the world with over 55 billion in sales per year. America and Europe have a global cosmetics market share of 20, while Asia holds 35.
China's cosmetic market is ontrack to become the world's largest in terms of sales and share by the end of 2018. The reason? The rise of China's middle class and its appetite for all consumer goods especially luxury brands.
Chinas Cosmetics Market. It is understood that more than 170 enterprises have tapped into Chinas cosmeceuticals market to date, many of them renowned pharmaceutical companies in China, such as Tongrentang and Yunnan Baiyao. Cosmeceuticals only have a market share of about 20 in the mainland at present.
China Cosmetics Market Today. So far, the market, especially the highend market, has been mainly dominated by big foreign brands such as LOreal, NIVEA, Avon, OLAY and Shiseido. And now they are turning to occupy the lower market. It means they have already gained favor of Chinese customers. In fact, over 80 of China cosmetics market is dominated by foreign brands.
In the past few years, the market for cosmetic products in China has seen steady development. By the end of 2014, the cosmetics market in China was highly concentrated. In several subcategory markets, the leading ten cosmetics brands had a combined market share of 50 percent and above.
COSMETICS MARKET IN CHINA. Euromonitor puts the total of retail sales of skincare and makeup products in China at RMB 160. 8 billion (approx. USD 23. 35 billion) and RMB 25. 1 billion (approx. USD 3. 65 billion) in 2015, while the total volume of retail sales of enterprises estimated at RMB 245. 3 billion (approx USD 35. 63 billion) in 2017.
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