Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

China’s cosmetics suppliers invest to conquer new markets


China’s suppliers of beauty and cosmetic products are investing heavily in order to tap into new markets, according to a new market report from Global Sources, a market research company specializing on Greater China.

Entitled China Sourcing Report: Beauty & Cosmetics, the report covers makeup products, and their application brushes and tools, as well as skin and nail care, cosmetic bags and cases, and facial appliances. According to the authors, Chinese beauty suppliers are confident of generating more orders in the year ahead and are investing accordingly.

Manufacturers in China’s beauty and cosmetics industry eagerly anticipate export growth of at least 20 percent in the next 12 months,” highlights Livia Yip.

Recent data indicate that companies are on their way to meeting this goal. According to industry estimates exports of make-up and skin care products raised by 22 percent year-on-year to US$358 million in January-June 2010. China customs statistics confirm the trend, with shipments in the brushes, applicators and nail care line soaring by 34 percent to US$55.4 million in January-May 2010.

Suppliers expect to compensate slow growth perspectives in the United States and Europe “by tapping much deeper into emerging markets such as Asia, the Middle East, Russia and South America”.

The effort to attract more buyers includes venturing into new product lines in particular in the natural segment. Chinese companies are increasingly using natural ingredients, and are purchasing special machinery for production of natural, organic and mineral cosmetics that are rising in popularity. They also invest in innovative packaging.

Despite this optimism, surveyed Chinese supplier also points difficulties, including rising labour costs, stricter overseas standards, design piracy and the yuan-U.S. dollar exchange rate.

The report is available for purchase at:

www.chinasourcingreports.com/beautycosmetics

© 2010 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus
spip-vignette

A new trade show dedicated to clean beauty in London

Dubbed Clean Beauty in London the new trade show intends to gather experts, scientists, suppliers, brands, influencers and journalists under one roof “to build the future of clean beauty.” Taking place on October 12 & 13, 2020 at The Brewery, located at 52 Chiswell Street at the heart of London, the event aims to encourage (...)

read more
job opportunities
Experts’ views
India emerges as the next beauty giant

Asia Cosme Lab
India emerges as the next beauty giant

Thanks to a growing young population (first youth population in the world) and the emergence of a vast middle class, as well as a higher Internet connection from both urban and rural areas, India is set to emerge as the next beauty giant after China. Asia Cosme Lab took a deep dive in the fascinating Indian market, where both (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close