DUBLIN, May 21, 2019 /PRNewswire/ -- The "China Cosmetics Market Report, 2019-2025" report has been added to ResearchAndMarkets.com's offering.
China has already been the world's second-largest cosmetics consumer market only behind the United States, with the retail sales rising by 4.2% year on year to RMB261.9 billion in 2018. Spurred by urbanization, people's higher income, and mature consumer education.
Chinese cosmetics market witnesses the burgeoning online sales. The penetration rate of online cosmetics has been on a rapid rise in China since 2009, hitting 25.3% in 2018, far above the levels of UK (12.1%), the United States (10.9%) and Japan (9.2%). China's online penetration rate of cosmetics will range at 31.4% in 2022.
Online: The retail sales of cosmetics at Alibaba have grown apace, with fluctuations in recent months. Chinese brands have performed differently. Thanks to the industry's prosperity and fast e-commerce penetration, the retail sales of cosmetics at Alibaba swelled by 44.87% in November and 50.54% in December 2018, and 39.55% in January 2019. Compared with December 2018, the growth slowed down in January 2019, perhaps because the Spring Festival arrived earlier than the previous year. International brands and new Chinese brands made outstanding performance, while traditional domestic brands performed at varying levels.
Import: The high-end trend is apparent and China's import of cosmetics maintains fast growth. The imported cosmetics took a nosedive for the first time in November 2018 but resumed growth in December 2018. Amid the high-end trend of cosmetics consumption at home, the import value of cosmetics in China grew at a compound annual rate of 30% between 2008 and 2017 the monthly growth rate was over 50% in January-September 2018, but it stood at 16.84% in November and 37.98% in December.
From the perspective of Chinese cosmetics consumers, people born in the 1970s-1990s are the leading force whose consumption accounts for nearly 90%, of which nearly 40% is contributed by those born in the 1980s. In addition to traditional gifts such as flowers and chocolates, imported cosmetics, especially lipsticks, have become a new option for gifts, with the sales volume soaring by 76.5% year on year.
In recent years, people born between 1995 and 2000s have a growing demand for cosmetics as they enter colleges, universities, and society.
Compared with other age groups, they are featured as follows:
- They are keen on online shopping with changing demand, diversified brand preference and focus on both high-end and affordable brands
- They are brought up in Chinese and foreign cultural turmoil, but they have more confidence in Chinese culture
- Amid the prevailing fandom and participatory culture, they like to try cyberstar products and new products. Changes in demographics, consumption upgrades, skincare and makeup habits will be crucial to the future Chinese cosmetics market.
So far, foreign-funded enterprises still play a dominant role in China's cosmetics market, an 86% share of the total retail sales. To cater to the demand of Chinese cosmetics consumers and gain more market shares in China, L'Oreal, Estee Lauder, Procter & Gamble, Shiseido, and other foreign companies have constantly adjusted the brand strategies and intensified the building of channels. Meanwhile, Chinese companies led by Jahwa and Marubi are also stepping up the layout of the cosmetics market.
Japanese, Korean, European and American brands have long dominated the cosmetics market in China. In 2017, only 3 Chinese brands ranked among the top ten cosmetics brands in China, namely Shanghai CHICMAX (sub-brands: KANS, One leaf, etc.), Shanghai Pechoin (sub-brands: Pechoin, Sansen, etc.) and JALA Corporation (sub-brands: CHANDO, MAYSU, etc.), while the rest were foreign brands.
Among listed companies, Shanghai Jahwa occupied 11th place in the Chinese cosmetics market with a market share of 1.9%, followed by PROYA with 1.0% and Yujiahui with about 0.5%.
The report highlights the following:
- China's cosmetics market size, import, and export, product structure, channel structure, regional structure, tariff policy, etc.
- Development status, market size and development trend of major cosmetics channels e.g. department store, supermarket, franchised store, e-commerce, direct marketing
- Market size, competition pattern, channel development of major cosmetics segments e.g. skincare, make-ups, perfume, men's cosmetics, infant & child care products
- 5 global cosmetics companies (operation, development in China)
- 12 Chinese cosmetics companies (operation, development strategy, etc.).
Key Topics Covered:
1.3 Cosmetics Industry Chain
2. Cosmetics Market
2.1 Global Market size
2.1.1 Enterprise Pattern
2.2 Chinese Market size
2.3 Import and Export
2.4 Product Structure
2.5 Channel Structure
2.6 Regional Structure
2.7 Enterprise Pattern
2.8 Duties and Policies
3. Cosmetics Market Channels
3.1 Department Store
3.1.2 Mode of Operation
3.1.3 Development Trend
3.2.1 Development Status
3.2.2 Development Trend
3.3 Franchised Store
3.3.1 Development Status
3.3.2 Mode of Channel Development
3.3.3 Development Trend
3.4.1 Market Size
3.4.2 E-commerce Pattern
3.4.3 Main E-commerce
3.5.1 Direct Marketing
4. Cosmetics Market Segments
4.1 Skin Care
4.1.1 Market Size
4.1.2 Market Structure
4.1.3 Competition Pattern
4.1.4 Mass Products
4.2.1 Market Status
4.2.2 Brand Pattern
4.2.3 Developments of Multinational Companies
4.3.1 Consumption Status
4.3.2 Competition Pattern
4.3.3 Import and Export
5. Other Emerging Market Segments
5.1 Men's Cosmetics
5.1.1 Market Size
5.1.2 Market Structure
5.1.3 Competition Pattern
5.1.5 Market Characteristics
5.2.1 Market Status
5.2.2 Major Enterprise
5.3 Infant & Child Care Product
5.3.1 Development Status
5.3.2 Industry Structure
6. Major Cosmetics Companies Worldwide
6.1.3 Revenue Structure
6.1.5 Cosmetics Business
6.1.6 Development in China
6.2 Estee Lauder
6.3 Procter & Gamble
6.6 Development of Other Foreign Brands in the Chinese Market
7. Major Cosmetics Companies in China
7.1 Shanghai Jahwa United Co, Ltd.
7.1.3 Revenue Structure
7.1.4 Gross Margin
7.1.7 Development Prospects
7.2 Jiangsu LONGLIQI Bio-Science Co, Ltd. (Longrich)
7.3 Shanghai Inoherb Cosmetics Co, Ltd.
7.4 JALA Corporation
7.5 Zhejiang Osmun Group
7.6 Zhejiang Proya Cosmetics Co, Ltd
7.7 Tianjin Yumeijing Group Co, Ltd.
7.8 Softto Co, Ltd.
7.9 BaWang International (Group) Holding Limited
7.10 Guangzhou Huanya Cosmetics Technology Co, Ltd.
7.11 Guangdong Marubi Biotechnology Co, Ltd.
7.13 Shanghai CHICMAX Cosmetics Co, Ltd
8. Conclusion and Forecast
8.1 Enterprise and Brand
8.1.3 Foreign-Capital Development in China
For more information about this report visit https://www.researchandmarkets.com/r/9kgv2o
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