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Article: Present status and development trends of the cosmetics market.(Fine and Specialty)
- Article from:
- China Chemical Reporter
- Article date:
- January 6, 2009
- Author:
CopyrightCOPYRIGHT 2009 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Rapid development
With the sustained rapid growth of the economy in recent years, the cosmetics sector in China has become one of the sectors with the most rapid development. Since the 1980s, the market volume of cosmetics in China (including only Mainland China) has expanded constantly. The sales value of the cosmetics sector was around RMB 110 billion in 2006, an increase of around 12% over 2005. Sales in 2007 already added up to more than RMB 120 billion. According to data provided by relevant industrial associations, the cosmetics market in China will grow at an average annual rate of 15% in the next few years.
The cosmetics sector in China has grown ...