North Asian countries already comprise the world’s largest markets for beauty and personal care products. China, Korea and Japan together represent 35% of the global market, with above average growth. China skyrocketed to become the industry leader in this region, but has witnessed a troubling market hangover in the last 12 months.
Asia Pacific’s luxury beauty segment – especially China – face the challenge of justifying high prices to increasingly sophisticated and discerning consumers, against a backdrop of economic uncertainty and rising quality and quantity of brands at more accessible price points. At the same time, younger women – and men – are spending more each year.
North America makes up 25% of the global market, while Europe makes up 20%. And those regions are increasingly looking to Asia for innovation and growth.
Read more: click here
HPCI India has been an Industry-Connect Partner for 10+ years and has established itself as…
Welcome to ADAT Europe At ADAT, we are dedicated to providing state-of-the-art solutions in data…
in-cosmetics Asia is the leading personal care and cosmetic ingredient event in Asia Pacific, bringing…