CHINA FACIAL CARE MARKET SEES WESTERN PLAYERS INCREASINGLY CHALLENGED BY LOCAL COMPETITORS
December 1st, 2015
IT has been a tough year for China’s growing economy, which has experienced some unexpected faltering in 2015, but facial care product sales have continued to surge ahead.
Retailers of these products have posted strong and sustained growth rates, increasing by 8% in the whole of 2014 to Chinese Yuan Renminbi - CNY142 billion (USD22.1 billion) and are estimated to have grown by another 10.2% in 2015, to CNY (also known as RMB) 156.4 billion, according to market researcher Euromonitor International. It says the top five players in the China facial care market ...
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