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Noida, Uttar Pradesh, India, 2011/02/16 - Increasing consumer-lending demand for specialized products will drive the Chinese cosmetics and toiletries market to grow at a CAGR of around 12% during 2011-2014, says RNCOS.
According to our latest research report ďCosmetics and Toiletries Market in ChinaĒ the cosmetics and toiletries industry in China has witnessed an exponential growth during the last few years. The country is the third largest market for cosmetics and toiletries, after the U.S and Japan, but still, the potential is far greater in terms of population and average per capita use of cosmetics. The products of this industry were once considered to be luxury items, however now, these products are fast becoming necessities and will witness continuous growth during the next few years. It is expected that the cosmetics and toiletries market in China will grow at a CAGR of around 12% during 2011-2014.
According to our research, although the country will witness an increased share for all sub segments of the market, the primary driver for overall market will be skin care segment. Along with this segment, activity in hair care, color cosmetics, and fragrances segment will also sustain upward growth trend during the coming years on the back of various reasons discussed in the report.
Further, our report discusses the direction in which the cosmetics and toiletries market is likely to move in near term. The report also features forecasts for growth in all market segments, individually. It also includes changing dynamics of market share among market players and brands in each segment. Apart from this, our report provides information on the regulatory developments in the countryís cosmetics and toiletries industry.
ďCosmetics and Toiletries Market in ChinaĒ provides latest developments in the cosmetics and toiletries of China. The report thoroughly discusses all-important facets of the industry. Besides, the report analyzes the market drivers critical for the further growth of the industry along with their impact on the cosmetics and toiletries industry. Additionally, the report sheds light on the emerging market opportunities and challenges, which are expected to decide the future of the Chinese cosmetics and toiletries industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.