Skin care in Hong Kong is anticipated to record a 6% volume CAGR and 7% value CAGR (at constant 2023 prices) over the forecast period, driven by the recovery of tourism in the local market. As tourism gradually rebounds, there will be an increase in overseas expenditure, contributing to the growth of the category.
In the short term, there is an expected increase in the popularity and significance of private label and local brands among consumers in Hong Kong. One notable example is the Watsons private label line, which enjoys prominent shelf space in the retailer’s stores and offers a wide range of products catering for various segments and specific skin type needs.
The beauty and personal care industry in Hong Kong is witnessing a rise in holistic beauty trends as consumers increasingly prioritise inner wellbeing alongside outer beauty. This shift towards holistic beauty has prompted brands to embrace the concept and is expected to drive product innovation in this space.
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Understand the latest market trends and future growth opportunities for the Skin Care industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Skin Care industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Skin Care
This is the aggregation of facial care, body care, hand care and skin care sets/kits.
See All of Our DefinitionsThis report originates from Passport, our Skin Care research and analysis database.
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