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Health and Beauty Retailing in China – Market Summary & Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020

Health and Beauty Retailing in China – Market Summary & Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020

Summary

The retail market for health and beauty products in China reached CNY398 billion in 2015 and is forecast to grow at a CAGR of 9.3% during 2015–2020, to reach CNY620 billion by 2020. The rising trend of rapid urbanization and increasing level of sophistication is driving spending levels on health and beauty care products. Expanding young and middle class populations and their aspirations for a better lifestyle have had a very strong impact on the health and beauty care sector.

Key Findings

  • Online spending on health and beauty products accounts for 6.1% of the total retail sales in the segment in 2015
  • The health and beauty segment accounted for 1.74% of the overall retail sales in 2015
  • Specialist retailers continue to be the preferred channel for the purchase of health and beauty products in the country.
  • Bulk sales of health and beauty products are sold through offline channels including hypermarkets, supermarkets, department stores, drug stores and health and beauty stores.
Synopsis

“Health and Beauty Retailing in China – Market Summary & Forecasts” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020.

What else does this report offer?
  • A thorough analysis of consumer trends changing economic and population factors
  • Both qualitative and quantitative insights and analysis of the shifting health and beauty retail dynamics from 2010 to 2020
  • Sales of health and beauty products through the following channels from 2010 to 2020: Hypermarkets, supermarkets and hard-discounters; department stores; online; drug stores and health and beauty stores; other general and non-specialist direct retailers; cash and carries and warehouse clubs; convenience stores (including independents) and gas stations; duty free retailers; value, variety stores, general merchandise retailers and vending machines
  • An overview of key health and beauty retailers operating across China and their presence across distribution channels
Reasons To Buy
  • Gain a comprehensive knowledge on health and beauty sector in the China retail market and develop a competitive advantage from the start of your supply chain
  • Investigate current and forecast behaviour trends in health and beauty category to identify the best opportunities to exploit
  • Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behavior
  • Understand the performance of health and beauty product sector, with insights on performance across key channels from 2010, with forecasts until 2020
  • Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the health and beauty market
  • Analysis of key international and domestic players operating in the health and beauty market – including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share


  • Introduction
    • What is this Report About?
  • Executive Summary & Outlook
  • Market Context
    • A steady economy with major growth potential for retailers
      • China's economy is increasing despite a declining growth rate
      • Savings are always a top priority for Chinese
      • Employment shift from unskilled to skilled, rural to urban, manufacturing to service industries
      • Inflation rate remains as a major concern
      • Household consumption trebles driving spending power
    • Large population with growing prosperity makes China a big attraction for retail
  • Chinese Shoppers
    • From functional to emotional
    • More opportunity for niche brands and mass market retailers
    • Shopping - a leisure activity
    • Two major events drive retail spend in China
    • High adoption of smartphones and tablets for shopping
    • Counterfeiting forces consumers to trade up to premium for quality assurance
    • Tourism /travel increases awareness of international brands
      • China remains as the second largest Duty Free market in 2020
  • Doing business in China
    • Summary
    • Anti-corruption crackdown requires careful handling for foreign businesses
    • Complex licensing procedures a hindrance for foreign retailers
    • Favourable tax structure to encourage domestic and foreign investments
    • Impact of government regulations on the luxury market
      • Table Custom Duty Rates and Consumption Tax Rates of Luxury Goods
  • Retail - Product Sectors
    • Product Sector Analysis
      • Health and Beauty
    • Health & Beauty Category Overview
      • Health& Beauty by Channel
        • Table China Health & Beauty Retail Sales (CNY bn), by Channel Group, 2010-2015
        • Table China Health & Beauty Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
        • Table China Health & Beauty Retail Sales (US$ mn), by Channel Group, 2010-2015
        • Table China Health & Beauty Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020
        • Table China Health & Beauty Segmentation (% value), by Channel Group, 2010-2020
      • Health & Beauty by Category
        • Table China Health & Beauty Retail Sales (CNY bn), by Category, 2010-2015
        • Table China Health & Beauty Retail Sales Forecast (CNY bn), by Category 2015-2020
        • Table China Health & Beauty Retail Sales (US$ mn), by Category, 2010-2015
        • Table China Health & Beauty Retail Sales Forecast (US$ mn), by Category 2015-2020
    • Major Retailers
      • Health and Beauty
        • Table Key Health and Beauty Retailers in China
  • Appendix
    • Definitions
      • This report provides 2015 actual sales; while forecasts are provided for 2016 - 2020
        • Table China Exchange Rate CNY-USD (Annual Average), 2010-2015
        • Table China Exchange Rate CNY-USD (Annual Average), 2016-2020 Forecasts
        • Table Verdict Retail Channel Definitions
        • Table Verdict Retail Category Definitions
    • Summary Methodology
      • Overview
      • The triangulated market sizing method
      • Industry surveys in the creation of retail market data
      • Quality control and standardized processes
    • About Verdict Retail
    • Disclaimer

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