China Skin Care Market to Grow at 125 percent, Says RNCOS Report

Released on: April 18, 2008, 2:50 am

Press Release Author: Shushmul Maheshwari

Industry: Retail

Press Release Summary: Rising purchasing power and growing product awareness is
leading to expansion of skin care products market and emergence of foreign players
in China, says new report from RNCOS.

Press Release Body: The skin care market is the major segment in the cosmetics and
toiletries industry of China. According to a market research report “Cosmetics
and Toiletries Market in China” by the market research firm RNCOS,
China’s skin care market is expected to grow at a CAGR of 12.5% from 2008 to
2012.

The report has identified that rising purchasing power and growing product awareness
is leading to expansion in demand for skin care products in the world’s
largest economy. Other than these primary forces, factors such as rising disposable
income, shift towards westernized culture, and changing lifestyle are also fueling
growth in the industry, says the report.

China, the world’s largest population, has large populace in the age group of
15 to 59 years, which is considered more fashion-conscious. Moreover, people of this
age group have more diversified needs. So domestic players in the skin care market
are launching new products with added features to cater to the needs of this
consumer segment. And as the tastes of this fast expanding group are evolving, it
has opened up vast opportunities for skin care products manufacturers in China.

Apart from domestic players, the growing skin care sector of China is also
attracting many foreign players. The report has identified that many international
brands like Olay, L’Oreal and Aupres have successfully established themselves
in skin care products market of China. For instance, in 2006, among the top ten skin
care brands in China, eight were foreign. Moreover, due to relatively high purchase
and usage rate, all foreign brands are showing positive growth.

The report “Cosmetics and Toiletries Market in China” provides thorough
information about the various factors influencing the growth of the market,
opportunities, various distribution channels, sales, consumer behavior and
challenges critical for the success of cosmetics and toiletries market in China. It
provides segment-wise current and future performance of the market and based on
comprehensive analysis gives future projection of the market.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/newsite/reports/IM001.htm
Current Industry News: http://www.rncos.com/blog

Web Site: http://www.rncos.com

Contact Details: 29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
91-11-4214-1228

info@rncos.com

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