Published on : Sep 08, 2016
ALBANY, New York, September 08, 2016: ResearchMoz.us has announced the addition of a new report, titled “Skin Care Product Manufacturing Industry Overview in China, 2016-2020,” to its offering. This report provides a detailed evaluation on the China skin care product manufacturing industry. This study presents the current and the upcoming technological developments taking place in the market. These developments have been studied in terms of their impact on the growth of the overall skin care product manufacturing market in China. The top sustainability strategies implemented by the prominent players in the market and their influence on the competition in the market have also been encapsulated in this study.
The report starts by presenting the classification and definition of skin care products. Skin care has emerged as a sensitive issue and owing to this consumers globally are becoming more aware when it comes to selecting skin care products. The increasing preference of consumers toward top quality skin care products, especially in nations such as China, has resulted in manufacturers launching newer and improved formulations in skin care products for better results. This is why the China skin care product manufacturing market has emerged as one of the top markets globally. The skin care products’ sales value has risen to CNY 130 bn in 2015 from CNY 90 bn in 2011, expanding at a healthy CAGR of approximately 9.10% between 2012 and 2015.
The China skin care product manufacturing industry is predicted to rise at a growth rate of more than 8.0% from 2016 to 2020. An evaluation on the China skin care product industry encapsulating the economic and policy environment that is influencing this industry from 2011 to 2015 has been presented in the next part of the study.
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Moving further, the factors restraining and fuelling the growth of the skin care product manufacturing market in China have been reviewed. As stated in the report, the skin care products’ consumption value per capita rises on an annual basis in China. The increasing preference towards beauty and health by individuals is a top factor boosting the growth of this market in China. In addition, the proliferation of a variety of skin care products having different functions have also increased the sales in this market, hence positively impacting the development of this market in China.
As stated in the study, there is an immense competition seen in the market owing to the fact that the leading 5 manufacturers in the market held a share of less than 24% in 2015. On the other hand, there are a number of barriers restraining the entry of new brands and enterprises into the China skin care product manufacturing market. In addition, the entry of skin care products into retail terminals including hypermarkets, departmental stores, and supermarkets is restricted owing to the increasing competition. This is owing to bigger hypermarkets and supermarkets demanding more entry fees. All these factors may impede the growth of the skin care product manufacturing market in China.
Shanghai Jahwa (Group) Co., Ltd. JALA Corporation, Shanghai Pehchaolin Daily Chemical Co., Ltd., Shanghai Inoherb Cosmetics Co., Ltd., and Shanghai Kans Cosmetics Co., Ltd., among others, are the prominent manufacturers in this market, as per this study.
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