China Cosmetics Market is Set to Grow at a CAGR of 4.10% by 2025

New York, USA, 2018-Nov-14 — /EPR Network/ —According to Goldstein Research, in present scenario consumers in China tends to get less influenced by the media advertisement & prefer to gather information of a product through various sources. Also, the sense of safety concerns from using chemical based cosmetics is rising among the consumers, which is leading them to incline towards the organic/natural cosmetic products. Furthermore, the domestic market players in order to seek sales growth, they have started to use traditional Chinese medicine concepts and natural extraction methods in the cosmetic products, which are giving tough competition to the foreign players to retain their customers. China cosmetics market outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe.

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Market Segmentation

On the basis of our in-depth analysis, China cosmetics industry can be segmented as follows:

By Product Type

  • Fragrances
  • Skin Care Products
  • Color Cosmetics
  • Hair Care Products
  • Hygiene Products

By Pricing

  • Low and Medium Priced
  • Premium-Priced

By Distribution Channel

  • Online
  • Offline

By Geography

  • Tier 1 Cities Cosmetics Market {Market Share (%), Market Size (USD Billion)}
  • Tier 2 Cities Cosmetics Industry {Market Share (%), Market Size (USD Billion)}
  • Tier 3 Cities Cosmetics Industry {Market Share (%), Market Size (USD Billion)}

“China Cosmetics Market Outlook 2025” contains a detailed overview of the China cosmetics industry. On the basis of our in-depth analysis, a market can be segmented in terms of market segmentation by product type, by pricing, and distribution channels.

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Further, for the in-depth analysis, China Cosmetics Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Coach, LVMH, Puig, Shiseido, the Estée Lauder Companies Inc., Ralph Lauren Corporation, L’Oréal, Coty, Revlon, Avon Products, Inc., Hermès, Oriflame. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the China cosmetics industry trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their market-centric approaches according to the ongoing and expected trends in the future.

Key queries countered in this China cosmetics market report

  • What is the China cosmetics industry size by 2025 and what would be the expected growth rate of sales?
  • What are the cosmetics industry trends?
  • What are the dynamics which are driving this market?
  • What are the major barriers to cosmetics industry growth?
  • Who are the major players in this market space?
  • What are the market prospects for the current and entry-level players?

China cosmetics market is further bifurcated in various segments with separate market analysis mentioned below:

Global Cosmetics Industry

global cosmetics market is expanding due to the hiking growth in developing regions such as Saudi Arabia cosmetics market, Middle East cosmetics market & UAE cosmetics market. Moreover, the cosmetics market is witnessing trend of luxury cosmetics in these regions. Middle East luxury cosmetics market has huge share in the global premium cosmetics market in 2017.

Middle East Cosmetics Market 

Cosmetic product market growth is majorly driven by young and aspirational population who want to invest in grooming, getting attractive appearance and maintaining their health in the process. Middle East cosmetics market to expand at a CAGR of 6.4% during the forecast period 2017-2025.

Saudi Arabia Cosmetics Market

As the region is highly conscious about the ingredients of the products, there is as significant demand for ethical and natural cosmetic products. Saudi Arabia cosmetics market to expand at a CAGR of 11.4% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 6.8 Billion by 2025 owing to growing market for natural products, personalized products and services.

UAE Cosmetics Market 

The UAE is one of the largest cosmetic products market in the Middle East not only owing to its big population and tourism, but also to its approach of becoming a local hub for the beauty and skin care industry. UAE cosmetics market to expand at a CAGR of 5.3% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 4.1 Billion by 2025.

Skincare Products Market 

The demand of these skincare products is growing among the younger consumers than the older ones. Skincare products market size is set to reach USD 189.82 billion by 2024, growing at a CAGR of 5.90% over the forecast period. Skincare products requests have increased by 69.0% from 2016 to 2024.

Halal Cosmetics Market

Growing Muslim population and rising adoption of modern lifestyle by the Muslim community are the major factors driving the growth of global halal cosmetics market. Global halal cosmetics market accounted for USD 12.6 Billion in 2015 and the market is expected to reach USD 21.4 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 6.8% over the forecast period i.e. 2016-2024.

Global Dead Sea mud cosmetic market

Dead Sea mud is rich in minerals like magnesium, Calcium and Potassium, among others. Dead Sea mud based cosmetics provide several benefits like relief from arthritis and rheumatism related pains, muscle relaxation, improved blood circulation and inner tranquility. Dead Sea mud cosmetics market was valued at USD 1.2 Billion in 2015, and is expected to reach USD 3.2 Billion by the end of 2024.

Premium Cosmetics Market

Luxury cosmetics covered 13.9% revenue share from global luxury goods in 2016. as compared to 2015. Premium cosmetics market size is expected to cross USD 369.2 billion by 2024 from USD 127.0 billion in 2016, expanding at a CAGR of 14.2% over the forecast period i.e. 2016-2024.

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