
Cosmetics market value in China 2012-2023
In 2020, the cosmetics market size in China totaled 395.8 billion yuan, shrinking from around 425.6 billion yuan in the previous year. Impacted by the coronavirus pandemic, the cosmetics market in China dropped for the first time since 2012. However, China's cosmetics market is expected to revive in the coming years and reach 512.5 billion yuan by 2023.