Noida, UP -- (SBWire) -- 12/26/2010 -- China represents one of the most dynamic and untapped cosmetics and toiletries markets in the world. It is the 2nd largest in the Asia-Pacific region after Japan and seventh largest in the world. Last six to seven years have been highly beneficial for the market as it had undergone a rapid transformation and expansion phase. Moreover, with increasing disposable income, surging working population (especially females), and with strong promotional strategies, our research report “Cosmetics and Toiletries Market in China” anticipates that the Chinese cosmetics and toiletries market will grow at a CAGR of around 12% during 2010-2013. Our study has analyzed the factors that are driving the market growth.
We have also found that the skincare segment dominates the overall cosmetics and toiletries market in China. In 2009, the segment acquired almost half of the market and showed no signs of slowdown, despite post recessionary scenario. Other segments like, hair care, color cosmetics, fragrances, etc. have also experienced double digit growth during the past few years. Our report has included the segment and sub-segment wise analysis, which provides cutting edge market intelligence and facilitates deep and conceptual understanding of the market from the Chinese perspective.
Our research reveals that the Chinese cosmetics and toiletries market provides opportunities to both homegrown and international players. However, international companies like, P&G and L’Oreal are currently leading the Chinese cosmetics and toiletries market. These companies are responsible for generating majority of the industry revenue and are preferred by the consumers over the local companies. Our research study has discussed major players and the preferable brands in each segment.
Our research report will help clients to get in-depth knowledge of the current, past, and future performance of the industry. Moreover, it will help our customers to examine factors that are critical to the success of the industry at micro level and also help them to understand the existing and future opportunities and challenges lying in the industry. The future outlook mentioned in the report has been derived by interacting with industry veterans, developers, analyzing information from research papers, journals, and our industry-specific in-house developed models.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
Chinese Cosmetics Industry Ready to Take Off
Chinese Cosmetics Industry Ready to Take OffThe Chinese cosmetics and toiletries market is expected to record a CAGR of close to 12% during 2010-2013, says RNCOS in its research report.