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

China Losing out in expanding Asian natural cosmetics market

China is losing market share in the Asian natural and organic cosmetics market, recently revealed market Organic Monitor. According to the market research firm, Chinese market growth rates are declining because of animal-testing methods and formulation challenges for local players.

In the last 18 months, many Western brands of natural and organic cosmetics, including Weleda, Lavera, Pangea Organic, Logona and Juice Beauty, have withdrawn from the Chinese market in protest against animal-testing methods. “Other green brands like Dr. Hauschka and The Body Shop are shunning the Chinese market for the same reason,” explains Organic Monitor.

Beyorg store at the Hysan Place mall in Hong Kong - Beyorg is a retail concept dedicated to high-end natural and organic cosmetics © Premium Beauty Media

Beyorg store at the Hysan Place mall in Hong Kong - Beyorg is a retail concept dedicated to high-end natural and organic cosmetics © Premium Beauty Media

Actually, boosted by growing consumer awareness of health and wellness issues the Asian natural cosmetics market is expanding by about 15% per year. “Few Chinese companies however are producing natural and organic cosmetics because of formulation and ingredient issues and there is low availability of certified organic ingredients and natural extracts, which are mainly imported into China. Formulators and product developers also lack technical expertise in removing synthetic ingredients from cosmetic formulations.

Hong Kong however is benefiting most from the ‘boycotting of the Chinese market’. All leading international natural and organic cosmetic brands have a presence in the Hong Kong market, including of green cosmetic retailers Apivita, Jasmin Skincare, Aveda, Neal’s Yard Remedies, Jurlique, Melvita, and Comvita. Indeed, western brands are raising exports in Hong Kong and in the wider Asian region since few Asian brands have been successful in developing such products.

Melvita store at the Hysan Place mall in Hong Kong © Premium Beauty Media

Melvita store at the Hysan Place mall in Hong Kong © Premium Beauty Media

Only when Asian companies manage to formulate natural and organic cosmetics with the same efficacy as Western brands, will they be able to tap the potential of their local markets,” concludes Organic Monitor.

These technical and marketing issues will be featured in the 4th Asia-Pacific edition of the Sustainable Cosmetics Summit, which will be hosted at Excelsior Hong Kong on 10-11th November 2014.

© 2014 - 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