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China’s cosmetic surgery industry soared from RMB 87 billion in 2015 to RMB 176 billion in 2017 [11] and currently continues to rise. It is the world’s 3rd largest cosmetic surgery market in 2018 [12] and recent studies conducted by HSBC foresee an increase in its market size by 2019.
Within a five years, from 2017 to 2022, the C-beauty industry doubled its market share. In 2022, C-beauty brands surpassed international competitors in sales within China. [28] China exported US$4.85 billion worth of cosmetics in 2021. [29] In 2023, the C-beauty market value was worth US$67.18 billion. [30]
The company encouraged Chinese women to be proud of their image, and was an early entrant to the cosmetics industry in China. More than 90% of the Chinese population today recognizes the brand, which was purchased by L'Oréal in 2004. Forbes reported that Kan "is changing the face of the Middle Kingdom, one lipstick at a time". Kanstayed on as ...
Hate it or love it, China is a global superpower, and in order to understand its complexities, one must look not just at the headlines but also at everyday life, where nuanced societal trends and ...
In Germany, the cosmetic industry generated €12.6 billion of retail sales in 2008, [39] which makes the German cosmetic industry the third largest in the world, after Japan and the United States. German exports of cosmetics reached €5.8 billion in 2008, whereas imports of cosmetics totaled €3 billion.
Controversy came from the fact that L'Oréal sells products in China, whose regulators conduct animal testing on cosmetics to be sold within its territory. Even though a ban on animal testing in China came into effect in January 2020, Chinese authorities still perform this practice for imported "ordinary" cosmetics. [138] [139]
Cosmetics at department store Farmers Centre Place in Hamilton, New Zealand. The cosmetic industry describes the industry that manufactures and distributes cosmetic products. . These include colour cosmetics, like foundation and mascara, skincare such as moisturisers and cleansers, haircare such as shampoos, conditioners and hair colours, and toiletries such as bubble bath and s
The companies include Huafu Fashion Co., one of the world's largest textile manufacturers, and 25 of its subsidiaries, which the U.S. has linked to forced-labor practices in China's cotton industry.