• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Formulary
    • Exclusives
    • Top Companies
    • Raw Materials
    • End-User
    • Packaging
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Formulary
  • Exclusives
  • Top Companies
  • Raw Materials
  • End-User
  • Packaging
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    HCPA Builds Key Alliances In & Out of Washington

    NYSCC Suppliers’ Day Is Back on Schedule

    Salon Consumers Seek Wellness, Skincare Benefits in Professional Haircare

    Sustainability Continues To Shape Beauty, Home & Personal Care Packaging

    The Power of Neem in Personal Care Formulas
    Online Exclusives
    Association News
    Breaking News
    Financial News
    Industry News
    International
    Marketing News
    New Products
    News Front
    Packaging News
    Patents
    Personnel
    Regulations
    Snapshots
    Top News
    Live From Shows
    Top News
    Fencing Champion Bebe Vio Grandis Named Spokeswoman of L’Oréal Paris

    Past Henkel Exec Christian Chopra Named President of Scotch Porter

    Color Street Celebrates Foster, Adoption Awareness with Limited-Edition Print

    CIR Panel Conducts 161st Meeting Regarding Safety Assessments for Cosmetic Ingredients

    DIY Nail Care Is Outperforming the Professional Segment: Kline
    Blog
    Online Exclusives
    Glossary
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    14. Natura

    The International Top 30 Report

    2. Colgate-Palmolive

    28. Inter Parfums

    8. L Brands
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    A Suitor Emerges for Revlon, SK Capital’s New Dealmaker & P&G’s Indoor Air Quality Efforts

    Wonder Curl Wins GlossWire's GlossPitch Competition

    Botanical Embedded Candles Can Be Fire Hazard, Says National Candle Association

    McKinsey Identifies the Gaps in Black Beauty

    Arxada Disinfectants Are Effective Against the Monkeypox Virus
    Air Care/Environmental Fragrance
    AP/Deo
    Color Cosmetics
    Disinfectants
    Fine Fragrance
    Hair Care
    Household Cleaning
    I&I Marketplace
    Laundry Care
    Oral Care
    OTC/Medicated
    Packaging
    Personal Cleansers
    Skin Care
    Sun Care
    Testing

    Fencing Champion Bebe Vio Grandis Named Spokeswoman of L’Oréal Paris

    Past Henkel Exec Christian Chopra Named President of Scotch Porter

    Color Street Celebrates Foster, Adoption Awareness with Limited-Edition Print

    DIY Nail Care Is Outperforming the Professional Segment: Kline

    BASF’s Care Creations Launches Skin Care Ingredients Based on Bacterium
    Lab Equipment
    Mixing
    Packaging
    Testing

    L’Oréal Paris Has a New Answer For Men with Gray Hair

    Labskin's Microbiome-Friendly+ Seal of Approval Available in the US

    Sustainability Continues To Shape Beauty, Home & Personal Care Packaging

    Technology Cuts Plastic Decomposition from 500 Years to Three Months

    Aerosol Recycling Initiative Launched by HCPA
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Jeen International

    BotanicalsPlus

    Acme-Hardesty

    Centerchem LLC

    Croda Inc
    Live From Shows
    Meetings
    Webinars
    Snapshots
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Formulary
    • Directories
      • Buyer's Guide
      • Contract Manufacturing / Private Label Directory
      • Corporate Profiles
      • Add Your Company
    • Raw Materials
      • Actives
      • Functional Ingredients
      • Pigments
      • Polymers
      • Preservatives
      • Surfactants
    • End-User
      • Air Care/Environmental Fragrance
      • AP/Deo
      • Color Cosmetics
      • Disinfectants
      • Fine Fragrance
      • Hair Care
      • Household Cleaning
      • I&I Marketplace
      • Laundry Care
      • Oral Care
      • OTC/Medicated
      • Packaging
      • Personal Cleansers
      • Skin Care
      • Sun Care
      • Testing
    • Packaging
      • Lab Equipment
      • Mixing
      • Packaging
      • Testing
    • Top Companies
      • International Top 30 Report
      • Top 50 Report
    • Online Exclusives
    • Glossary
    • Experts Opinion
    • Slideshows
    • HappiTV
    • Podcasts
    • Videos
    • Infographics
    • eBook
    • Blog
    • Whitepapers
    • Surveys
      • R & D Salary Survey
      • Sales & Marketing Salary Survey
    • Job Banks
    • Events
      • Industry Events
      • Live from show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Guangzhou Builds Beauty Park To Woo L'Oréal, Estée Lauder

    Part of China's plan to encourage business development in the region.

    Guangzhou Builds Beauty Park To Woo L
    Do all roads lead to Guangzhou for the global cosmetics industry?
    Related CONTENT
    • Brand Labs USA
    • Natural Plant Products, LLC
    • Natural Plant Products, LLC
    • Create Natural, Eco-Conscious Beauty Products with Help from AAK
    • Cleaning Product Companies Named 2021 Safer Choice Partner of the Year Award Winners
    Tom Branna, Editorial Director04.11.21
    China hopes to lure more multinational beauty companies by building a 10.22 sq km “Beauty and Healthcare Industrial Park” in the Baiyun district  of Guangzhou, the capital of Guangdong province in southern China. 

    The site will generate synergies by bringing together local players in one location, according to the Baiyun District Science, Industry, Commerce and Information Technology Bureau. Construction began earlier this year. The city has some 1,789 cosmetics firms or about 40% of the national total, according to the bureau, which runs a leadership team to promote the industry. As of November 2020, 12 companies agreed to invest around 3.5 billion yuan ($534 million) to set up factories in the park.

    China’s cosmetics sales by wholesale and retail producers reached 340 billion yuan in 2020, according to the National Bureau of Statistics, up from 88.9 billion yuan in 2010. Globally, L’Oréal, Unilever and the Estée Lauder Cos together generated almost $72 billion of sales in 2020, according to Statista.
     
    L’Oreal’s sales in mainland China grew 27% like-for-like and 24.1% based on reported figures, according to its 2020 annual report. The market recovered significantly in the second half, growing around 4% in the year, boosted by omnichannel demand for selective brands and very dynamic e-commerce. L’Oréal China significantly outperformed the market with double-digit growth in all divisions, it added.

    Despite the pandemic, China's cosmetics sales have been resilient. They surged 40.7% to 55.8 billion yuan in the first two months this year, according to government data. That rate outpaced the 33.8% gain in overall retail sales. Furthermore, as demand  for cosmetic products expands in second- and third-tier mainland cities, cosmetics retailing is expected to maintain its growth momentum in the near future. There’s also a strong tailwind in the men’s beauty care segment, according to industry observers.

    To capitalize on the demand for cosmetics, local governments are making investments in the region. According to South China Post, authorities in Baiyun are considering new policies to attract more investment and companies into the district and specifically in the beauty and health care industrial park. Chen Guojin, director of Guangzhou Baiyun Cosmetics Promotion Association, said more policy changes will be announced later this year.
     
    The Guangdong provincial government, meanwhile, issued a proposal in January to facilitate the high-quality development of the cosmetics industry. It included measures ranging from facilitating the construction of related industrial parks, preferential tax rates, and actions to nurture local brands.

     
    Related Searches
    • Pigments
    • Actives
    • Color Cosmetics
    • Fine Fragrance
    Related Knowledge Center
    • Skin Care
    • Hair Care
    • Actives
    Suggested For You
    Brand Labs USA Brand Labs USA
    Natural Plant Products, LLC Natural Plant Products, LLC
    Natural Plant Products, LLC Natural Plant Products, LLC
    Create Natural, Eco-Conscious Beauty Products with Help from AAK Create Natural, Eco-Conscious Beauty Products with Help from AAK
    Cleaning Product Companies Named 2021 Safer Choice Partner of the Year Award Winners Cleaning Product Companies Named 2021 Safer Choice Partner of the Year Award Winners
    Will the FDA Impose Another Deadline on the Sunscreen Industry? Will the FDA Impose Another Deadline on the Sunscreen Industry?
    Silmer Sustain-H from Siltech Silmer Sustain-H from Siltech
    A Code Red for Humanity: More than 100 Beauty Brands Will Halt Social Media Posts on Sept. 21 In Support of Climate Change Reform A Code Red for Humanity: More than 100 Beauty Brands Will Halt Social Media Posts on Sept. 21 In Support of Climate Change Reform
    Unilever, L Unilever, L'Oréal, LVMH, Henkel & Natura To Create Sustainability Scoring System
    Michelle Hines of Mary Kay Elected President of Society of Cosmetic Chemists Michelle Hines of Mary Kay Elected President of Society of Cosmetic Chemists
    Unilever, Henkel and P&G Get Clipped by Counterfeit Coupon Caper Unilever, Henkel and P&G Get Clipped by Counterfeit Coupon Caper
    What You What You're Reading on Happi.com
    Kline: Glow Recipe, Prose and Ilia Beauty Are Primed to Be Billion-Dollar Buyouts Kline: Glow Recipe, Prose and Ilia Beauty Are Primed to Be Billion-Dollar Buyouts
    CHI and LG Launch Customized Hair Color on Demand for Salons CHI and LG Launch Customized Hair Color on Demand for Salons
    Ipsy Teams Up with Beauty Mogul Huda Kattan To Launch Glam Bag Ipsy Teams Up with Beauty Mogul Huda Kattan To Launch Glam Bag

    Related Content

    • Brand Labs USA

      ...
      David Pollock, Brand Labs USA 03.14.22

    • Natural Plant Products, LLC

      ...
      Laura Cox, Marketing Consultant - Contractor 03.14.22

    • Natural Plant Products, LLC

      Natural Plant Products, LLC

      ...
      Andee Masonek, Marketing Consultant - Contractor 03.14.22


    • Actives | Functional Ingredients | Hair Care | Personal Cleansers | Skin Care

      Create Natural, Eco-Conscious Beauty Products with Help from AAK

      Visit stand 109 to learn more about AAK's portfolio of sustainably sourced innovations.
      10.07.21

    • Disinfectants | Household Cleaning | Laundry Care
      Cleaning Product Companies Named 2021 Safer Choice Partner of the Year Award Winners

      Cleaning Product Companies Named 2021 Safer Choice Partner of the Year Award Winners

      P&G, Grove Collaborative, DeFunkify, Clorox and others on this year’s EPA list.
      09.22.21

      Loading, Please Wait..
      Trending
      • L’Oréal Paris Has A New Answer For Men With Gray Hair
      • A Suitor Emerges For Revlon, SK Capital’s New Dealmaker & P&G’s Indoor Air Quality Efforts
      • Hailey Bieber's Rhode Beauty Sued For Trademark Infringement
      • Reliance Mulls Revlon Acquisition
      • SK Capital Taps Asim Bhatia As New Director, Business Development
      Breaking News
      • Fencing Champion Bebe Vio Grandis Named Spokeswoman of L’Oréal Paris
      • Past Henkel Exec Christian Chopra Named President of Scotch Porter
      • Color Street Celebrates Foster, Adoption Awareness with Limited-Edition Print
      • CIR Panel Conducts 161st Meeting Regarding Safety Assessments for Cosmetic Ingredients
      • DIY Nail Care Is Outperforming the Professional Segment: Kline
      View Breaking News >
      CURRENT ISSUE

      June 2022

      • Skin Care Needs In a Post-Covid World
      • Salon Hair Care Trends
      • Sustainability Shapes Beauty, Home & Personal Care Packages
      • Formulating with Neem in Personal Care Formulas
      • Suppliers' Day Trade Show by Society of Cosmetic Chemists
      • Household and Commercial Products Midyear Meeting Review
      • Household & Personal Care Trade Association Directory 2022

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      CoQ10 and Royal Jelly Supplementation May Improve High Intensity Exercise
      Shiitake Mushroom Extract Appears Helpful in HPV Infections
      Fi & Hi Europe Returns with Over 20,000 Global Attendees Expected
      Coatings World

      Latest Breaking News From Coatings World

      H.M. Royal Becomes Exclusive OCSiAl Distributor
      American Colors to Expand Sandusky, Ohio Facility
      Vaughn O’Dea Named Director of Epoxytec
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      Cepheid, BioGX Partner to Create GeneXpert Monkeypox Test
      Siemens' Varian Gains FDA IDE Nod for FAST-02 Trial
      Acutus Medical Launches AcQCross Line Extension
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Ixaka & Minaris Sign Tech Transfer & GMP Manufacturing Agreement for Cell Therapy Candidate
      Pfizer, BioNTech Adapt COVID Vax Against Omicron
      CoreRx Expands Capabilities
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Top 5 Beauty Tech Trends at Perfect Corp.'s Global Forum
      John Frieda Supports the LGBTQIA+ Community
      Athena Club Launches in Canada
      Happi

      Latest Breaking News From Happi

      Fencing Champion Bebe Vio Grandis Named Spokeswoman of L’Oréal Paris
      Past Henkel Exec Christian Chopra Named President of Scotch Porter
      Color Street Celebrates Foster, Adoption Awareness with Limited-Edition Print
      Ink World

      Latest Breaking News From Ink World

      Dr. Tammo Boinowitz to Join Management Board of ALTANA AG
      Flint Offset Packaging Solutions Announces Price Increases for Sheetfed Inks
      Weekly Recap: INX’s VC Fund, Screen Industry and Ball Top This Week’s News
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      Harveer Sahni recognized with Global Achievement Award
      Color-Logic partners with Taktiful 
      ALTANA announces Management Board change
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Fibertex Personal Care Awarded EcoVadis Awards for Sustainability
      Yanpai Orders Batt Forming Equipment for Needlepunch Line
      Weekly Recap: SWM and Neenah Introduce Mativ Inc., Avgol honored for Biotransformation Technology & More
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      Researchers Discover Novel Patching Material for Bone Defects
      Boston Centerless Opens Second Manufacturing Plant in Indiana
      Researchers Develop Patient-Specific 3D-Printed Smart Metamaterial Implants
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Identiv-Powered CVS Spoken Rx Wins NFC Forum 2022 Innovation Award
      LG Display Announces Winners of This Year’s OLEDs GO! Competition
      Weekly Recap: eMagin, Applied Materials, and Schott Top This Week’s Stories

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login