China Cosmetic Products Market Size (2024 - 2029)

China Cosmetics Products Market Analysis

The China Cosmetic Products Market size is estimated at USD 9.88 billion in 2024, and is expected to reach USD 15.72 billion by 2029, growing at a CAGR of 9.71% during the forecast period (2024-2029).

Consumers in China are becoming conscious of their external beauty and are making greater use of cosmetics products. They are increasingly incorporating cosmetics products in their daily routine, attributed to the rising concern for beauty and changing lifestyles, fuelling the market demand for cosmetics products.

• Also, the increase in the number of working women has led to an increased demand for premium products owing to growing disposable incomes. Furthermore, consumers in the market are seeking plant-based and natural botanical ingredients-based products that offer multi-functional properties due to growing consumer skepticism about the adverse effects of chemicals and synthetic ingredients on the skin.
• Consumers are also demanding functional cosmetics products that fulfill not only basic moisturizing needs but also offer professional-level skincare. As a result, the players in the market are focussing on expanding their presence in the country to capture the market's potential.
• For instance, in May 2021, Qingdao Baheal Medical Inc. launched China's first commercialization platform for functional cosmetics to facilitate such brands to enter the market through medical standards, consumer experience improvement, and precision marketing programs.

China Cosmetics Products Industry Segmentation

Cosmetic products are mixtures of chemical compounds that are either produced naturally or are created synthetically. These products are designed for personal care and skin care. 

The China cosmetics products market is segmented by product type, category, and distribution channel. Based on product type, the market is segmented into color cosmetics, hairstyling, and coloring products. The color cosmetics segment is further segmented into facial make-up, eye make-up, lip, and nail make-up. Based on category, the market studied is segmented into mass and premium products. Based on the distribution channel, the market studied is segmented into supermarkets/hypermarkets, convenience/grocery stores, specialty stores, pharmacies and drug stores, online retail stores, and other distribution channels. 

For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).