Skincare products support skin integrity improves the appearance and relieve skin conditions of the face and other body parts. It helps in improving the appearance and texture of the skin and also protects from the effects of pollutants, sun and other problems that have a negative impact on skin. Skincare products are becoming popular because of various concerns includes skin brightening, anti-aging, sun protection, and others and a wide range of product availability in the market.
Growth Opportunities in the China Skin Care market look promising over the forecast period. Rise in the disposable income, as well as growing demand for both organic as well as inorganic skin care products especially by the people living in urban areas, are primarily driving the growth of China Skincare market revenues towards USD 27,690 million by 2026. Rising consumer awareness regarding the various benefits of using personal care products coupled with increasing e-commerce penetration has a positive impact on the skincare market. Furthermore, Chinese women are increasingly seeing skincare products as essentials and are the major end-users of skincare products. The sales volume of skincare products in China is witnessing a considerable rise and holds a substantial share of all sales in the Chinese cosmetics market.
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Face Moisturizer segment is expected to dominate the market throughout the forecast period due to the increase in demand for moisturizing cream which contains special ingredients that help to protect against the loss of moisture from the skin. Moreover, the continuous rise in demand for an anti-aging cream, skin brightening cream, and sun protection cream among consumers will further propel the growth of the market during the forecast period.
Female segment accounted for the maximum share in 2018 due to the rising adoption of skincare products as a daily regimen by them. They are now more focus on their well-being and have high purchasing power, thus propelling the growth of the segment.
Anti-aging segment held the largest market share in 2018 due to the rise in demand for anti-aging cream and treatments by the people especially the urban population. These creams as well treatments are capable of renewing skin elasticity, reducing the puffiness, firming the skin, and restore radiance from anti-aging treatments. Also, the demand for anti-aging skin care products is increasing in the country because of the aging fears among young population.
Specialized Stores segment held major market share among the other distribution channel due to availability of product portfolio which promotes brand image, ensure standardized prices and ensure the quality of services.
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The key players in the China Skincare market include L’Oréal S.A., The Procter & Gamble Company, Estée Lauder Inc., Shiseido Company Ltd., Unilever, Johnson & Johnson, Beiersdorf AG, Kao Corporation, Pierre Fabre Group, Coty Inc. among others.
The china skincare market is segmented has been segmented based on product type, gender, concern, distribution channel and key geography. Based on product type, China Skincare market has been segmented into face moisturizer, cleansers & toner, body care, serum and others. Based on gender, the china skincare market has been segmented into male, female and infant. Based on concern, china skincare market has been segmented into skin brightening, anti-aging, sun protection and others. Based on distribution channel, china skincare market has been segmented into online stores, specialized stores, supermarkets and others.
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China Skin Care Market by Product Type
- Face Moisturizer
- Cleansers & Toner
- Body Care
China Skin Care Market by Gender
China Skin Care Market by Concern
- Skin Brightening
- Sun Protection
China Skin Care Market by Distribution Channel
- Online Stores
- Specialized Stores
China Skin Care Market Leading players (Option: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
- L’Oréal S.A.
- The Procter & Gamble Company
- Estée Lauder Inc.
- Shiseido Company Ltd.
- Johnson & Johnson
- Beiersdorf AG
- Kao Corporation
- Pierre Fabre Group
- Coty Inc.