According to the source Sekkei Digital Group, the Chinese cosmetics market reached 6 billion yuan (approx. US $830 million) in retail sales revenue in 2022 and projections indicate a year-on-year growth rate of 6.4%, with the market size expected to reach approximately 516.9 billion yuan (approx. $72 billion) by 2023. Experts predict this growth will be driven by high demand for cosmetics and skin care products in second and third-tier cities.
Interestingly, more than half of Chinese beauty consumers reportedly prefer international brands over domestic ones. Furthermore, the industry sees increasing demand from Chinese male consumers compared to the previous year, with a predicted market size reaching around 24 billion yuan (approx. $3.3 billion) in 2027.
Within this setting, the Personal Care and Homecare ingredients (PCHi) tradeshow, to be held on March 20-22, 2024, at the Shanghai World Expo Exhibition and Convention Center, will provide product developers in this market everything from new product and technology showcases and a sustainability zone, to a testing and laboratory area, the "beauty gourmet" specialty feature and more.
Product Showcase
The new product showcase will highlight more than 30 of the latest offerings from exhibitors, including several global debuts. Visitors can expect a quick overview of cutting-edge ingredients that have the potential to distinguish their new finished products in a competitive market.
New Technology Sessions
A prominent platform for exhibitors to present groundbreaking research and technologies underpinning the industry's latest developments, the 2024 edition will feature close to 40 presentations by both domestic and international exhibitors over three days.PCHi Sustainability Zone
As part of PCHi's commitment to promoting sustainability, this feature area will spotlight the dedicated efforts of various exhibitors toward sustainable development, including a forum for exhibitors to detail how they’ve incorporated sustainability in their products, services and business practices.
Testing and Laboratory Zone
In collaboration with the Shanghai Society of Toxicology, this area will feature more than 60 products and technologies designed to address regulatory and end-user expectations concerning cosmetic product safety.
Beauté Gourmet
This experiential zone will bring together exhibitors with products designed to enhance beauty from within. Visitors can look forward to sampling innovative products that promote ingestible beauty through a holistic approach.
Country Days
With sessions focused on the UK, France and South Korea, these exclusive conference sessions will offer insights into the latest developments and trends for cosmetic ingredients in these markets, and offer industry players networking opportunities beyond the show floor.
Visa-free Entry: Pre-register Now for PCHi 2024
As of December 2023, citizens of France, Germany, Italy, the Netherlands, Spain and Malaysia are now able to enter China without a visa for up to 15 days. This brings the list of countries with 15-day visa-free travel to China to eight, while the list of countries with 144-hour visa-free transit currently includes 54 nations.
Embracing the Belt and Road Initiative
In relation, against the backdrop of the 10th anniversary of China's Belt and Road Initiative, PCHi recognizes the initiative's profound impact on global economic cooperation. Expanding collaborations beyond the Eurasian continent to encompass Africa and Latin America, the BRI has evolved into a platform for international economic growth and development. China, as the world's second-largest economy and cosmetics market, plays an integral role in propelling global economic expansion.
Global Engagement
In the context of this dynamic industry landscape, PCHi 2024 is poised to host an unprecedented number of exhibitors, surpassing the benchmarks set by previous editions. Of the 750 participating companies, approximately 40% are international cosmetic ingredient providers.
For more information, please visit the PCHi website.
