Forecast: Import of Beauty, Make-Up and Skin Care Preparations to China

China's beauty, make-up, and skin care preparations import market has shown a dynamic growth trend over the past decade. In 2023, the market stood at 12.039 billion USD, reflecting a 5.73% year-on-year increase from 2022. The five-year CAGR for 2023 was 3.97%, depicting a deceleration in growth compared to earlier high growth phases. Throughout the last two years, from 2021 to 2023, the market experienced a steady increase, with year-on-year growth rates of 12.39% in 2021 and 6.21% in 2022.

Forecasting to 2028, the CAGR is projected at 3.6%, suggesting moderate but consistent growth. The total market value is expected to rise to 15.122 billion USD by 2028, representing a 19.33% increase over this five-year period. This indicates a stable demand trajectory for beauty and skincare imports into China.

Future trends to watch for:

• Rising consumer preference for premium and niche products.
• Increased demand for organic and natural beauty preparations.
• Government policies and regulations that may impact import dynamics.
• Technological advancements in beauty and skincare products.
• Potential impact of economic shifts or global trade relations.