China's Cosmetic Industryy/Eye on Asia

China’s cosmetic market in brief China’s cosmetic market is on-track to become the world’s largest in terms of sales and share by the end of 2018. The reason? The rise of China’s middle class and its appetite for all consumer goods, especially luxury brands.In fact, revenue is expected to reach US $39,168 millions in2018,withthelargestshareofthisbeingspenton cosmetics and personal care.Higher prices are better?For consumers in China, social status is very important.For the average Chinese consumers, purchasing

China’s cosmetic market in brief China’s cosmetic market is on-track to become the world’s largest in terms of sales and share by the end of 2018. The reason？ The rise of China’s middle class and its appetite for all consumer goods, especially luxury brands. In fact, revenue is expected to reach US $39,168 millions in 2018, with the largest share of this being spent on cosmetics and personal care.