China's cosmetic industry has a large market and it is one of the fastest growing regions in the world.
According the survey, the domestic cosmetics market grow from 205 billion RMB in 2011 to 318 billion RMB in 2014. It's expected that the domestic cosmetics market will maintain a growth rate of approximately 12.3% per annum in the next three years.
It is expected that the market size will reach 400 billion yuan in 2016 and will exceed 500 billion yuan in 2018. China's cosmetics industry is still in a period of rapid growth in recent years.
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