McKinsey: China's personal beauty industry is recovering fast
McKinsey believes that although the impact of the 2020 epidemic on the economy is more serious than distortion of any recession, it must be pointed out that the beauty industry will recover more than other industries. Its latest data and observations show that in February, China's personal beauty and beauty industry initially recorded an 80% decline, but in March, China's personal beauty and beauty industry fell by 20%, showing a very fast recovery trend. In mid-to-late April, McKinsey's survey of Chinese consumers showed that Chinese consumers expected to increase spending on daily necessities, personal care products, skin care products, or cosmetics in the next two weeks, and reduce spending on clothing.
Looking for chemical products? Let suppliers reach out to you!
You May Interested In
2026-07-19
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
South Korea Initiates Anti-Dumping Probe on Chinese PVC Suspension Resin, Involving Tianjin Bohua and Wanhua Chemical
-
China Keeps Registering Pesticides
-
India Launches Anti-Dumping Probe into PET Film from China, Singapore, Thailand and the UAE
-
INEOS Warns Chinese Chemical “Dumping” Is Hitting Europe’s Industry
-
Covestro Builds New 660,000-ton MDI Plant in China: Global Supply Gap Meets Chinese Overcapacity Head-On
-
India Imposes Final Anti‑Dumping Duties on Ethylenediamine from China, EU, Saudi Arabia, and Taiwan, China, with Top Rate of $575/tonne
-
EU Finalizes Anti-Dumping Duties on BDO from China, with Rates up to 113.7%
-
EU mulls expanding tariff scope on Chinese chemicals, sector-wide measures in the pipeline
-
in-cosmetics Global launches the first Nutricosmetics Ingredient Index
-
Global Countries Impose Tariffs on Chinese Chemical Products
Recommend Reading
-
Beiersdorf Launches Eucerin Skincare Brand in Japan
-
BASF Launches Global Expansion Plan for Aroma Ingredients
-
BASF Launches Global Expansion Plan for Aroma Ingredients
-
IMCD Opens Beauty and Personal Care Lab in California
-
IFF to Establish Scent Creative Center in Mumbai
-
HNO2 (Nitrous Acid): Properties, Uses, and Safety
-
Phosphoric Acid Market Prices Slightly Up (2.1–2.6)
-
Middle East Conflict Leads to Raw Material Price Increase, Aniline Price Exceeds 10,000 Yuan
-
Costs Rise, Phosphate Market Shows Strong Performance (3.1-3.9)
-
PEG (Polyethylene Glycol): Uses in Pharma, Cosmetics, and PEGylation