Perfumes in China: Scent of A Good Future
In 2019, perfumes in China generated nearly 10 billion RMB in revenues, accounting for just 2.5% of the global market. Nonetheless, in the last 3 years, China’s perfume market increased by more than 20% year-on-year and it is expected to grow further as Gen-Z consumers impose themselves as the main drivers of national consumption. According […]
Market analysis of the Chinese perfume market
Market analysis of the Chinese perfume market Market share Like other skincare products and cosmetics, foreign brands have taken up the majority of the shares in Chinese perfume market. Data from market research illustrates that all the top 10 perfume sellers are foreign brands, and they take up 48.8% of Chinese perfume market. These brands […]