Mumbai, Maharashtra, India
Due to huge consumer demand in the personal care industry, Chinese personal care ingredients (PCI) industry is considered to have considerable growth potential. Though the hike in crude oil prices is likely to block its advance to some extent, a shrewd marketing policy focusing on service and innovation is possible to help suppliers overcome difficulty and expand their market share.
New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Chinese Personal Care Ingredients Markets - End-user Survey, reveals that the market earned revenues of $355.8 million in 2005 and estimates to reach $702.2 million in 2012.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an end-user survey of the Chinese Personal Care Ingredients Market, then send an e-mail to Shwetha Thomas, Corporate Communications, at sthomas@frost.com with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
"The growth of the PCI market is directly linked to the increased consumption of personal care products," says Frost & Sullivan Industry Analyst Julia Zhu. "The personal care product industry is likely to boom in next several years, and its sales turnover rise will catalyze a PCI revenue increase."
Due to the increase of living standard and media guide, growing number of consumers are buying the concept of a personal care product. The market is not likely to reach saturation in the near future - and the market in towns and rural areas is forecast to have huge growth potential.
The increase in crude oil prices has added cost to PCI, especially the ester composites. Personal care companies consider it the major restraint for PCI industry, since increase of raw material prices reduces the profit of personal care product, thus decreasing the sales volume.
"As PCI manufacturers have immense cost burdens, they find it difficult to offer a competitive price that satisfies end users," explains Zhu. "New promoting policy with more value-added service is recommended to the suppliers of these ester-based PCIs."
Though high oil price is a major restraint for a section of the PCI industry, strengthening customer service and developing non-ester based new PCIs can build an ideal marketing policy for current suppliers. With this in place, suppliers can increase their revenues despite reducing profit margin. Despite these challenges, this market is likely to grow due to increasing awareness of beauty care and a fundamental lifestyle shift that Asia Pacific is currently witnessing.
The Chinese Personal Care Ingredients Markets - End-user Survey is part of the Chemicals & Materials Growth Partnership Service, and it provides the purchasing process, purchasing needs of PCI end users, and their perception of PCI suppliers according to a complete analysis of end-user responses through calls. It also includes a thorough examination of the following markets: skin care, color cosmetics, hair care, and oral care among others. Interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.
Chinese Personal Care Ingredients - End-user Survey
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Shwetha Thomas, Corporate Communications - South Asia & Middle East, Frost & Sullivan, + 91 (022) 4001 3429 sthomas@frost.com
Danielle White, Corporate Communications - Global / North America, Frost & Sullivan, + 1 210 247 2403 dwhite@frost.com
Source: Frost & Sullivan (Business Wire India)
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