男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Fragrance sector poised for more expansion

By ZHU WENQIAN | China Daily | Updated: 2021-11-26 09:40
Share
Share - WeChat
Consumers browse for perfume at a Young Beast store in a shopping mall in Beijing in July. [Photo provided to China Daily]

Increasingly market-savvy consumers bolster potential; gifting of perfume, cologne during COVID a popular phenomenon

The fragrance market in China is poised for growth to meet demand of the nation's increasingly sophisticated beauty consumers, and online sales are expected to become more important, industry insiders said.

In the next five years, the fragrance market in China is expected to grow at a compound annual growth rate of 17 percent, hitting sales revenues of 15.4 billion yuan ($2.4 billion) in 2025, according to market research firm Mintel.

Last year, fragrance sales in the nation grew by 1 percent annually as a result of the COVID-19 pandemic-far lower than the 11 percent annual growth recorded in 2019, according to Mintel.

International retailers such as LVMH, Chanel, Coty, L'Oreal, and Estee Lauder continue to dominate the China market, together accounting for a 59.9 percent share of fragrances sold this year, said Mintel. LVMH has the largest market share among international companies.

China has some 20 million consumers who have the habit of using perfume regularly, according to a report by market consultancy iResearch.

Despite difficulties posed by the pandemic, major retailers have maintained good momentum from new fragrance launches last year. They also have sought new business opportunities through e-commerce. L'Oreal and Estee Lauder have been notable for their strong growth online.

Of 3,000 surveyed consumers nationwide, 36 percent said Chanel was their favorite perfume brand and 21 percent picked Dior, Mintel said. No other brand was mentioned by more than 5 percent of respondents.

"The fragrance category is projected to quickly recover and even accelerate in the post-pandemic era. Chinese consumers pay lots of attention to discretionary categories such as fragrances, which are positioned to offer more emotional benefits and help express their individuality," said Alice Li, beauty and personal care associate director of Mintel.

1 2 3 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 桃江县| 葵青区| 阳原县| 建阳市| 余干县| 绍兴县| 商河县| 霍林郭勒市| 迁西县| 金门县| 墨玉县| 澄迈县| 婺源县| 阳春市| 五寨县| 张北县| 当雄县| 正镶白旗| 象山县| 遂昌县| 英吉沙县| 阳城县| 白城市| 开封县| 成武县| 健康| 乌鲁木齐县| 伊吾县| 乐东| 秦皇岛市| 德化县| 黄平县| 龙胜| 芜湖县| 防城港市| 措勤县| 凉城县| 乳源| 汝州市| 兰州市| 南投县|