Market Tidbits 1: The beauty sector in China before and after COVID-19

In the past five years, the beauty sector in China had shown a steady increase. China had become the world’s second-largest beauty market in 2019. Before the COVID-19, the sales of skincare products had taken more than half of the beauty market in China. However, the Coronavirus had a strong impact on the beauty market in the short term. The epidemic had a more negative impact on cosmetics than skincare products, while personal care products gained more popularity. The virus outbreak has led to an increasing demand for products with anti-irritating and soothing properties. Also, health and safety have become keywords for beauty products. Listen to the episode to know more and read the free but thorough report.