Despite Economic Slowdown, China Remains World's Largest Market For Professional Skincare Products

China, Europe, and the United States are three of the largest markets for professional skincare products in the world, according to marketing research firm Kline. Data from the report “Professional Skin Care Global Series: Market Analysis and Opportunities” revealed ethnic and cultural influences are driving growth in China’s skincare market, with sales at spas, salons, beauty institutes, and physicians’ offices accounting for a bigger part of total market revenue. Chinese consumers prefer local brands, such as Amitabha, Chlitina, and Jourdeness; however, international brands, including SkinCeuticals, Decleor, and NeoStrata, are growing at rates higher than 8 percent and account for more than 8 percent of the total market. Worldwide, the professional skincare market is forecast to expand at a compound annual growth rate of almost 5 percent by 2019.

"China is a Hidden Dragon of the Professional Skin Care Products Market, and Europe Resurrects with its Highest Growth in 2015, Sees Kline", Kline, October 08, 2015

Henkel Beauty Care Wins Retail Honors In China

Henkel Beauty Care won awards from Watsons, Mannings, and Nielsen for its China retail business in the third quarter of 2015. Considered the top honors in China’s retail sector, the Watsons Health, Beauty and Wellness Awards honor brands that have received wide reception among consumers. Henkel’s Schwarzkopf haircare brand won the Best of the Best award. Henkel also won the Best Supplier of the Year award from Mannings China in the Health and Beauty category for the third consecutive year. Henkel’s Schwarzkopf Freshlight Waterlily Moisture Shampoo was chosen as one of the 15 products in the hair category of Nielsen’s 4th Annual Consumer 360 Forum awards.

"Henkel Beauty Care China received various prizes in 3rd quarter", Henkel, October 05, 2015

Henkel CEO Disagrees With Too Harsh Assessment Of Economic Conditions In Emerging Markets

Economic conditions and prospects in emerging markets are not as bad as some analysts and investors claim them to be, according to Henkel chief executive Kasper Rorsted. Although the slowing growth in emerging markets is right to be blamed for the slowdown in global economic growth, economic conditions in China, Brazil, and other emerging markets are not as severe as the one that happened at the end of the last millennium. With lessons learned from the Asian crisis, currencies of most developing countries are not fixed, while governments are working hard to promote and ensure economic development. While not as robust as they were years ago, emerging markets’ economy is growing between 3 and 4 percent.

"Henkel Chief: Don't Be Too Pessimistic About Emerging Markets", Handelsblatt, October 14, 2015

LVMH Reports Weaker Sales; Sees Recovery In China Market

Luxury goods company LVMH reported group revenue fell 7 percent in the quarter ending September 30, 2015, compared with the 9 percent increase in the previous three-month period. In reported terms, revenue rose 16 percent in the third quarter, due to a slightly lower positive impact from a weaker euro. By region, the company saw sales decline 8 percent in Asia-Pacific, excluding Japan, which saw organic growth expand 24 percent during the period. In the previous quarter, Japan posted a 34 percent growth. Europe grew 12 percent, lower than the 14 percent recorded in the previous quarter, while the United States rose 12 percent. Shares in LVMH dropped 3.2 percent to close at €161.25 or $183.35 on the Paris Stock Exchange.

"LVMH Sees Signs of Recovery in China", Women’s Wear Daily, October 13, 2015