Gateway Report: China’s Cosmetics Market

Gateway Report: China’s Cosmetics Market

Market Information, Policy Explained
Cosmetic store in China Market overview: total retail sales reached 46.52 billion NZD in 2017 The cosmetics sector on the Chinese mainland has been growing at a fast pace in tandem with the rapid development of the Chinese economy in recent years. Data from Euromonitor reveals that total retail sales of skincare products and make-up products in China reached 39.29 billion NZD (RMB 186.7 billion) and 7.27 billion NZD (RMB 34.4 billion), respectively, in 2017, achieving year-on-year growth of 10.3% and 21.3%, respectively. The table below shows recent years’ retail sales of cosmetic products by wholesale and retail enterprises above a designated scale. YearRetail sales NZD billion (RMB billion)201228.20    (134.0)201334.19    (162.5)201438.40     (182.5)201543.12     (204.9)201646.76     (222.2)201752.90     (251.4) Source: National Bureau of Statistics of China Current structure of China’s…
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