China Cosmetics Market Size & Outlook, 2023-2030
China cosmetics market, 2018-2030 (US$M)
Related Markets
China cosmetics market highlights
- The China cosmetics market generated a revenue of USD 69,385.5 million in 2023 and is expected to reach USD 106,436.5 million by 2030.
- The China market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2023.
- Hair Care is the most lucrative product segment registering the fastest growth during the forecast period.
Cosmetics market data book summary
| Market revenue in 2023 | USD 69,385.5 million |
| Market revenue in 2030 | USD 106,436.5 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin Care, Hair Care, Makeup, Fragrance |
| Key market players worldwide | Coty Inc Class A, L'Oreal SA, The Estee Lauder Companies Inc Class A, Revlon, Avon Products, Unilever PLC, Seven & i Holdings Co Ltd, Godrej, Procter & Gamble Co, Beiersdorf AG, Henkel AG & Co KGaA, Kao Corp, Mizuno Corp |
Other key industry trends
- In terms of revenue, China accounted for 23.4% of the global cosmetics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cosmetics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 40,760.7 million by 2030.
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Cosmetics Market Scope
Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China cosmetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cosmetics market will help companies and investors design strategic landscapes.
Skin care was the largest segment with a revenue share of 43.71% in 2023. Horizon Databook has segmented the China cosmetics market based on skin care, hair care, makeup, fragrance covering the revenue growth of each sub-segment from 2018 to 2030.
As China's middle-income population expands and disposable income increases, consumers are willing to spend more on premium and higher-quality products, including organic cosmetic products. China's rapid economic growth has led to heightened environmental concerns.
Consumers seek more sustainable products with lower environmental impact. Organic cosmetics, often made with eco-friendly ingredients and biodegradable packaging, align with these sustainability preferences. Proya, based in Shanghai, is a popular market player in China.
The company specializes in products formulated with advanced ingredients such as red algae extracts, peptides, and retinol. Among its bestselling products are the Black Sea Salt Bubble Mask, Ruby Lightening Serum, and Double Youth Essence.
Reasons to subscribe to China cosmetics market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China cosmetics market databook
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Our clientele includes a mix of cosmetics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China cosmetics market , including forecasts for subscribers. This country databook contains high-level insights into China cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cosmetics market size, by product, 2018-2030 (US$M)
China Cosmetics Market Outlook Share, 2023 & 2030 (US$M)
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