Skincare market in China - statistics & facts
As the biggest segment of the world’s largest cosmetics market, the skincare market in China is robust and promising. It recorded a CAGR of over eight percent between 2018 and 2023 and was expected to grow even faster, reaching a retail sales value of over 700 billion yuan by 2028. As a matter of course, this market has become a hotly contested place, where gaining traction hinges on the right strategies rooted in the profound understanding of key forces.
