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China Skincare Market Size, Share & Industry Forecast Report, 2020-2027 – X herald

China Skincare Market:

Growth Opportunities in the China Skincare Market look promising over the next six years. This is mainly due to the rising disposable income and the strong demand for both inorganic as well as organic skincare products, particularly by individuals living in urban areas. The increasing consumer awareness associated with several advantages of utilizing personal care products will drive the market growth.

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China Skincare Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Some of the prominent factors contributing to the growth of the China skincare market include the rising disposable income and the strong demand for both inorganic as well as organic skincare products, particularly by individuals living in urban areas. China’s skincare market amounted to approximately USD 27,690 million by the end of 2026. The increasing consumer awareness associated with several advantages of utilizing personal care products, followed by growing e-commerce penetration, are certain factors that are expected to drive the growth of the China skincare market. In addition to this, Chinese women are rapidly opting for Skin Care products as an important part of their life and are the leading end-users of Skin Care products. There is an upsurge in sales volume of Skin Care products in China. Natural and herbal ingredients are generally present in Chinese skincare products, as they have a long history in various sectors in China like packaged food and dietary supplements. E-commerce is the biggest distributor of skincare in China. Major international brands and domestic brands are putting efforts and resources into the online channel, with live streaming offering a popular way of attracting consumers.

Type Segment Drivers

Based on the Type, the face moisturizer is projected to lead the market in the upcoming years due to the rise in demand for moisturizing cream, which involves special ingredients that aid to protect against the lack of moisture from the skin. Additionally, the rapid increase in demand for skin brightening cream, sun protection cream, and anti-aging cream among people will further support the growth of the market in the coming years.

Concern Segment Drivers

Based on the concern, anti-aging is projected to rise at higher CAGR in the coming years due to the strong demand for anti-aging cream and treatments by individuals, particularly the urban population. These creams can renew skin elasticity, firm the skin, decrease puffiness, and restore radiance from anti-aging treatments. Additionally, the rising demand for anti-aging skincare products in the nation due to the aging fears among the young population will further fuel the market growth.

To Know More About China Skincare Market

China Skincare Market’s leading Manufacturers:

  • L’Oréal S.A.
  • The Procter & Gamble Company
  • Estée Lauder Inc.
  • Shiseido Company Ltd.
  • Unilever
  • Johnson & Johnson
  • Beiersdorf AG
  • Kao Corporation
  • Pierre Fabre Group
  • Coty Inc.

China Skincare Market Segmentation:

Segmentation by Type:

  • Face Moisturizer
  • Cleansers & Toner
  • Body Care
  • Serum
  • Others

Segmentation by Gender:

Segmentation by Concern:

  • Skin Brightening
  • Anti-aging
  • Sun Protection
  • Others

Segmentation by Distribution Channel:

  • Online Stores
  • Supermarkets
  • Specialized Stores
  • Other

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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