In 2023, the market size of China's premium beauty and personal care market amounted to around 74 billion yuan, representing a significant increase from 66 billion yuan in 2022. The market grew at a CAGR of 16 percent from 2018 to 2023.
Market size of the luxury beauty and personal care market in China from 2018 to 2023
(in billion yuan)
One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of July 2024).
"Premium beauty and personal care products" include premium color cosmetics, premium fragrance, premium skincare, and other premium beauty and personal care products.
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PwC Mainland China. (April 15, 2024). Market size of the luxury beauty and personal care market in China from 2018 to 2023 (in billion yuan) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1478461/china-high-end-beauty-and-personal-care-market-size/
PwC Mainland China. "Market size of the luxury beauty and personal care market in China from 2018 to 2023 (in billion yuan)." Chart. April 15, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1478461/china-high-end-beauty-and-personal-care-market-size/
PwC Mainland China. (2024). Market size of the luxury beauty and personal care market in China from 2018 to 2023 (in billion yuan). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1478461/china-high-end-beauty-and-personal-care-market-size/
PwC Mainland China. "Market Size of The Luxury Beauty and Personal Care Market in China from 2018 to 2023 (in Billion Yuan)." Statista, Statista Inc., 15 Apr 2024, https://www.statista.com/statistics/1478461/china-high-end-beauty-and-personal-care-market-size/
PwC Mainland China, Market size of the luxury beauty and personal care market in China from 2018 to 2023 (in billion yuan) Statista, https://www.statista.com/statistics/1478461/china-high-end-beauty-and-personal-care-market-size/ (last visited December 21, 2024)
Market size of the luxury beauty and personal care market in China from 2018 to 2023 (in billion yuan) [Graph], PwC Mainland China, April 15, 2024. [Online]. Available: https://www.statista.com/statistics/1478461/china-high-end-beauty-and-personal-care-market-size/
