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The Chinese Cosmetics Market is anticipated to undergo rapid growth during the next five years owing to the burgeoning demand for premium cosmetics and the increasing number of working women populations who tend to spend more on cosmetic products.
Increasing number of beauty salons are also aiding to the Chinese Cosmetics Market. Moreover, the increasing per capita expenditure on personal appearance and the growth in the beauty and cosmetics market are some of the other factors expected to propel the demand for cosmetics market in China.
China is the second largest market of cosmetic products after United States in terms of revenue and consumption. The beauty and personal care market is facing the burgeoning demand owing to the increasing urbanization and social media influence. All these factors are expected to fuel the growth of the cosmetics market in China by 2026.