Prestige Cosmetics & Fragrances - China

  • China
  • In 2024, the Prestige Cosmetics & Fragrances market in China is projected to generate a revenue of US$9.13bn.
  • This market is anticipated to experience an annual growth rate of 5.92%, known as the Compound Annual Growth Rate (CAGR), from 2024 to 2028.
  • When compared to other countries, in the United States leads the pack with a revenue of US$13,080m in 2024.
  • In terms of per capita income, each individual in China is expected to contribute US$6.37 towards the total revenue in 2024.
  • China's growing middle class and increasing disposable income have fueled a surge in demand for high-end cosmetics and fragrances.

Key regions: China, India, France, Japan, Singapore

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

Licenses from established fashion brands are an important sales driver in cosmetics, especially fragrances. Coty, for instance, holds licenses for Burberry, Calvin Klein, Gucci, Hugo Boss, and Balenciaga, among others, while Estée Lauder currently licenses Ermenegildo Zegna, Michael Kors, Tommy Hilfiger, and Tory Burch, and L’Oréal markets cosmetics and fragrances under the Armani, Yves Saint Laurent, and Valentino brands.

Methodology

The Prestige Cosmetics & Fragrances market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Prestige Cosmetics & Fragrances industry.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)