Health and Beauty retailing in China: Ken Research

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Impressive Growth of Health and Beauty Retailing
in China Ken Research
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The report titled HEALTH AND BEAUTY RETAILING IN
CHINA-MARKET SUMMARY FORECASTS highlights
market dynamics of beauty products in China. It
discusses present and future outlook of the
market in line with players performance. The
retail market in China for health and beauty
products reached CNY398 billion in 2015 and is
expected to reach CNY620 billion by
2020.Expanding young and middle class population
is boosting the sales in health and beauty
sector. With the upturn in Chinese economic
condition, cosmetic industry in China has
witnessed a rapid growth. China has huge consumer
base in cosmetics markets, ranks second after
the U.S.
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Factors boosting retail sales of health and
beauty products
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• The industry is very lucrative from the business
  point of view and its an undoubtedly an
  optimistic point of investment in China. Forecast
  about the industry is promising profits in the
  near future. Chinese consumers are very
  particular about the products they buy. They not
  only compare the prices of the products but also
  look for the health and safety aspects of the
  product.Major driver for increasing demand for
  cosmetics products is the growth in disposable
  income of the households and expansion in young
  and middle class population. Young generation is
  inclining towards aping of western culture and
  their aspiration for better lifestyle is forcing
  them to spend more on health and beauty products.
• Distribution of beauty products plays an
  important role in the growth of the industry and
  high retail sales. Supermarkets and hypermarkets
  are the biggest contributors in offline retail
  sales. In todays world, purchasing habits of the
  consumers are changing as they are moving towards
  online purchase which is more convenient and
  comfortable to them.

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• All the major brands are doing ecommerce business
  and are meeting their target sales. Online
  shopping and online spending on health and beauty
  products accounts for 6.1 of the total retail
  sales in the segment in 2015.
• Sales of eye make-up products recorded
  significant growth in recent years. Retails sales
  of Anti-aging products are increasing as it helps
  consumers stay youthful. Also, the sales for
  Cosmeceuticals such as spot lightening cream,
  acne treatment lotion and acne ointment is
  increasing. These cosmeceuticals contains natural
  ingredients such as aloe Vera and vitamins.There
  is also an increase in the sale of male cosmetics
  product. Now retail sales in males cosmetics
  market is growing at a faster rate than female
  cosmetics market.
• We can conclude from the above column bar diagram
  that retail sales of health and beauty products
  in china is increasing rapidly since 2009 and
  this is expected to increase in the near future.
  There are various leading to high retail sales
  such as high disposable income, young and middle
  class population.

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To know more on coverage, click on the link
below https//www.kenresearch.com/consumer-produ
cts-and-retail/cosmetics-and-personal-care/health-
beauty-retailing/29901-95.html Related
Reports https//www.kenresearch.com/consumer-prod
ucts-and-retail/cosmetics-and-personal-care/health
-beauty-retailing-australia-the-market/2544-95.htm
l https//www.kenresearch.com/consumer-products-a
nd-retail/cosmetics-and-personal-care/consumer-mar
ket-insights-skincare-japan/11178-95.html Contact
Ken Research Ankur Gupta, Head Marketing
Communications query_at_kenresearch.com 91-124-42302
04
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