Market Insights Consumer Beauty & Personal Care

Cosmetics - China

China

In 2024, the revenue in the Cosmetics market in China is projected to reach ₹1.37tn.
This market segment is expected to experience an annual growth rate of 6.53% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the Cosmetics market, reaching ₹1,671bn in 2024.
In terms of per capita revenue, each person in China is projected to contribute ₹0.96k in 2024.
Moreover, by 2024, 69% of the sales in the Cosmetics market will be attributed to Non-Luxury.
China's cosmetics market is experiencing a surge in demand for skincare products, driven by a growing middle class and increasing focus on beauty and wellness.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.