WebNov 24, 2024 · China is gaining on the United States in cosmetics sales. It is now home to the world’s second-largest beauty market, with retail sales reaching RMB 261.9 billion ($38.7 billion) in 2024 compared to $56 billion in the US, according to American media company Cision PR Newswire. WebJan 10, 2024 · Market Analysis and Insights: Global Cosmetics Market The global Cosmetics market size is projected to reach USD 454580 million by 2028, from USD 344320 million in 2024, at a CAGR of 4.0% during ...
Taking a good look at the beauty industry McKinsey
WebThe global cosmetics market size was valued at USD 262.21 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. One of the key factors driving the market expansion during the forecast period is the widespread increase in the adoption of skincare and personal care products along with … WebJan 26, 2024 · In recent years, functional cosmetics have become a substantial boost for the Chinese cosmetic market. Its market size reached 88.4 billion yuan (US$ 14.0 billion) in 2024 and is expected to exceed 100 billion yuan (US$ 15.7 billion) in 2024. Despite the severe competition, functional skincare brands achieved excellent results in 2024. shape of germany on map
Prestige Brands to Lead China’s Beauty Market Growth in 2024
WebMar 3, 2024 · Last year, the top five prestige skin care brands in terms of sales growth on Tmall, Taobao and Douyin combined were Chanel, Guerlain, Sisley, La Mer and Helena Rubinstein. By Denni Hu. March 3 ... WebJun 22, 2024 · According to Statista, with a total market size of $42.8 billion in 2024 and $13.2 billion in imports, China is forecast to become the largest global market for … WebChina Cosmetic Products Market Analysis The Chinese cosmetic products market is projected to register a CAGR of 13.76% during the forecast period (2024 - 2027). The … pony 42 in. 15.5 hp