Forecast: Turnover of Wholesale of Cosmetics in China

The turnover of the wholesale cosmetics market in China has exhibited fluctuating performance over the past decade. From 2013 to 2018, the market experienced both growth and significant declines, notably a drop of 10.85% in 2018 and 13.61% in 2019. However, a resurgence occurred in 2021 with a 31.9% increase, although the growth stabilized around 0.79% by 2022. For 2023, the turnover stood at 244.24 hundred million yuans Renminbi, showing a modest year-on-year increase of 0.75%. Over the last five years, the Compound Annual Growth Rate (CAGR) registered at 1.15%.

Looking ahead, the forecast suggests continued moderate growth rates, with a projected 5-year CAGR of 0.49% and an overall increase of 2.5% by 2028.

Future trends to watch for include:

• Increasing consumer demand for premium and organic cosmetic products.
• Digital transformation and e-commerce influence on wholesale distribution channels.
• Impact of regulatory changes on product standards and distribution practices.
• Potential effects of economic factors such as disposable income and urbanization rates on market dynamics.