Beauty & Personal Care - China

China

In 2024, China's Beauty & Personal Care market is projected to generate a revenue of US$70.37bn.
This market is expected to experience an annual growth rate of 4.44% (CAGR 2024-2029).
The largest segment within the market is Personal Care, with a market volume of US$29.69bn in 2024.
In comparison to other countries, in the United States leads in revenue generation, reaching US$100bn in 2024.
On a per capita basis, each individual in China contributes US$49.12 in revenue to the Beauty & Personal Care market in 2024.
By 2024, online sales are predicted to account for 50.9% of the total revenue in the Beauty & Personal Care market.
China's growing middle class is driving a surge in demand for luxury beauty products.

Key regions: United States, Worldwide, India, Indonesia, Canada

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Analyst Opinion

The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.