According to the latest report by IMARC Group, titled “China Skincare Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the China skincare market reached a value of US$ 37.9 Billion in 2021. Skincare refers to a range of beauty practices that support skin integrity, enhance its appearance and texture, and relieve dermatological conditions. Some of the common skincare products include lotions, masks, serums, moisturizers, cleansers, creams, and body oil. Practices such as laser resurfacing, peels, fillers, retinol therapy, and ultrasonic skin treatment also help in keeping the skin clean and healthy-looking. These products aid in removing acne, reducing the symptoms of early aging, hydrating skin, boosting collagen, and protecting the skin against the effects of pollutants and other external factors.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
China Skincare Market Trends:
The China skincare market is primarily being driven by evolving beauty standards and increasing self-consciousness regarding one’s physical appearance. In line with this, the rising concerns toward the prevalence of various dermatological conditions due to sedentary lifestyles, hectic working schedules, and increasing pollution levels are acting as another growth-inducing factor. The market is also largely dominated by domestic manufacturers that are mainly focusing on the quality, value, and multifunctional capabilities of skincare products to cater to the diverse skin types, which is catalyzing the market growth. Additionally, inflating disposable incomes and evolving lifestyle patterns have enabled consumers to afford premium skincare products and procedures. Along with this, several product innovations, such as the integration of traditional Chinese skincare practices with novel formulas, are further accelerating the overall product sales across the country. Other factors, including the rising demand for organic skincare products and the easy product availability through various online and offline retail channels, are creating a positive outlook for the market further across the country. Looking forward, the market is expected to grow at a CAGR of 10.2% during 2022-2027.
- Based on the distribution channel, the market has been divided into offline (supermarkets and hypermarkets, specialty stores, departmental stores, drugstores and pharmacies, and others) and online.
- On the basis of the ingredient type, the market has been bifurcated into natural and chemical.
- Based on gender, the market has been segmented into male, female, and unisex.
- The competitive landscape of the market has also been analyzed, along with the profiles of the key players.
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