During Sep. 19th -22nd 2017, the China Association of Fragrance Flavor and Cosmetic Industries (CAFFCI) held its annual conference during which market, regulatory trends and forecasts were revealed. Cosmetic sale growth rate shows an optimistic rise in 2017, statistical analysis predicts an expansion of CNY 152 billion over the next 5 years.
Statistics from GFK in H1 2017, show the total value of cosmetic retail sale in China reached CNY 120.3 billion, which surpassed the 11.3% H1 in 2016. The growth rate was even higher than total growth rate of consumer goods.
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