China Cosmetic Market and China CBE18 August 2011
According to the latest figures from National Bureau of Statistics, cosmetics sales in China’s industrial production maintains an average annual growth rate of 10% - 20%, only second to America and Japan, and have been the world's third-largest cosmetics market. According to incomplete statistics, by the end of June 2010, there are 3267 cosmetics companies in China with cosmetics manufacturing license. The industry revenue reached 155.0 billion Yuan (23.96 billion USD dollars).
Market Trends：The sustained growth of demand for international products
- Demand for natural organic products
Similar to European and North American, Chinese consumers are beginning to pay attention and tend to buy the products containing natural organic ingredients. With the deterioration of the global environment, consumers are increasingly concerned about the health and quality of life. Products extracted from natural plants and organics fit their pursuit of green products and returning to the psychological nature. At the same time, China's urbanization has improved people's living standard and promoted China’s demand for international personal care products with natural and green focus.
- Demand for cosmetics raw materials, production and other supporting technical service
During the past two years, the concept of "low-carbon beauty" in the China market became popular. China's future cosmetics will pursue a production method and product structure focus on green, environmentally friendly, low power consumption, low pollution, and low-emission. Therefore, many cosmetics companies are seeking international partners in cosmetic raw materials, production technology and support services in order to upgrade product quality by applying international advanced materials, manufacturing, packaging technologies.
HOW TO ENTER THE CHINESE MARKET?
Foreign cosmetics are not allowed to be sold in Chinese market until they are registered at the Ministry of Health; the detailed procedures are as follow:
1. Registration / filing at Ministry of Health (National FDA)
2. Issuing Chinese Label (for the use of examine & approval);
3. Custom Clearance;
4. Ready for marketing and Sales.
Source: Shanghai Baiwen Exhibition Co., Ltd
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