Chinese Cosmetics and Toiletries Market to Grow at 13% CAGR

Chinese cosmetics and toiletries market is projected to grow at a CAGR of over 13% during 2009-2012 on account of significant growth in skin care and hair care segments, says RNCOS.

Delhi, India, July 06, 2009 --( Chinese cosmetics and toiletries market, which comprises of hair care, fragrances, make-up/color cosmetics, was worth an estimated US$ 16.9 Billion in 2008 and is forecasted to grow at a CAGR of just over 13% through 2012, says a new report “Cosmetics and Toiletries Market in China” from RNCOS.

According to the report, the sharp growth in hair care, skin care segments will boost the overall cosmetic market growth in the country and will safe guard the market from the impacts of the ongoing worldwide economic crisis during 2009-2012. As a result, the market is anticipated to cross US$ 28 Billion.

The report shows that the concrete economy of China, which recorded highest GDP growth in the Asia-Pacific region in 2008, attracted significant foreign direct investment in the cosmetics and toiletries industry of the country. This further transformed into considerable increase in disposable income of especially the middle class population. Increased spending power coupled with improved awareness about cosmetics and personal care offerings has shaped in tremendous boost in cosmetics and toiletries demand in the country.

In addition, Chinese male consumers have shown receptive approach towards previously ignored segments of the market. For instance, fragrances and men’s personal care products demand is rapidly surging in the country due to the western culture influence and media promotions. These new segments will not only enable the existing players to cater the high growth opportunities but will also demand new players to provide answers to overflowed demands.

“Cosmetics and Toiletries Market in China” provides an in-depth analysis of present and future prospects of Chinese cosmetics and toiletries industry, focusing on current and future market positions of the industry’s important segments and respective key players existing in those segments.

The report gives detailed analysis of the factors critical to the success of the market. The intense study made on the existing and future proposed market keeping in mind the impact of world wide economic turmoil provides a balanced understanding of the Chinese cosmetics and toiletries market.

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

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