NPD Group Reports On Rising E-commerce Sales In China For Prestige Beauty

E-commerce gross sales are rising in China for Prestige Beauty, NPD Group studies. Sales rose 11% within the first quarter of 2022, versus final yr.Chinese New Year fueled gross sales in January and February—and the rise negated March’s decline, the corporate says. The COVID-19 outbreak led to regional lockdowns and a rise in masks use in March, inflicting gross sales to say no 1% for the month. Q1 gross sales for the hair, perfume, make-up, and skincare classes elevated by 43%, 18%, 11%, and 9%, respectively.In March alone, hair class gross sales continued to develop, growing 33% for the month, and there have been pockets of progress inside face and physique skincare, together with sun-care. The make-up and perfume classes skilled respective declines of 6% and 4% in March, versus March 2021.“China might proceed to see status make-up gross sales decline in April and May as a result of present lockdowns in some main cities, together with Shanghai, the nation’s main manufacturing heart,” stated Stanley Kee, senior vp and managing director, APAC, The NPD Group. “However, the scenario is probably going to enhance starting in June when China’s 618 Shopping Festival kicks off, and the federal government is predicted to launch new, favorable insurance policies to spice up consumption.”Data is sourced from The NPD Group / China E-commerce Beauty Tracker, and it’s consultant of shops that take part in The NPD Group’s Prestige Beauty E-commerce Tracking Service. NPD’s present estimate is that the Prestige Beauty E-commerce Tracking Service represents roughly 80 p.c of the net retail marketplace for status magnificence in China.Photo by way of Pixabay

Read More
NPD Reports on Q1 2022 Prestige Beauty OutcomesBeauty Industry Outlook for 2022, Larissa Jensen Reports

https://www.beautypackaging.com/contents/view_breaking-news/2022-05-23/npd-group-reports-on-rising-e-commerce-sales-in-china-for-prestige-beauty/?widget=listSection

Recommended For You

About the Author: Jessica