Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report showing that China’s skin care market is expected to grow at a CAGR of 12.5% from 2008 to 2012.
Cosmetics and Toiletries Market in China identifies that rising purchasing power and growing product awareness is leading to expansion in demand for skin care products in the world’s largest economy. Other than these primary forces, factors such as rising disposable income, shift towards a westernised culture and a changing lifestyle are also fuelling growth in the industry.
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