Health and Beauty Retailing in China - Market Is Forecast to Grow at a CAGR of 9.3% During 2015-2020
The Retail Market for Health and Beauty Products in China reached CNY398 billion in 2015 and is forecast to grow at a CAGR of 9.3% during 2015-2020, to reach CNY620 billion by 2020. The rising trend of rapid urbanization and increasing level of sophistication is driving spending levels on health and beauty care products. Expanding young and middle class populations and their aspirations for a better lifestyle have had a very strong impact on the health and beauty care sector.
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