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

October 8, 2015: 12:00 AM EST
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, © Kline & Company
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