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Cosmetics market value in China 2012-2023

Published by
Yihan Ma,
Feb 16, 2022
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.

Cosmetics market size in China from 2012 to 2020 with forecasts until 2023 (in billion yuan)

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Source

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Release date

June 2021

Region

China

Survey time period

2012 to 2020

Supplementary notes

*Estimate.

One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of Febraury 2022).

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