In recent years, the global cosmetics market has maintained steady growth, and there has never been any stagnation or negative growth, and the growth rate has remained at around 4%. The global market size increased from 179 million euros in 2015 to 186.2 billion euros in 2016, an increase of 4.02% year-on-year. The Asia-Pacific market is currently the world's largest consumer market for cosmetics. Western Europe, North America and Latin America are ranked. In 2016, the Asia-Pacific cosmetics market reached 68.71 billion euros, accounting for 36.9% of the global total. The Western European market was 46.18 billion euros, accounting for 24.8%; the North American market is 35.94 billion euros, accounting for 19.3%.

In recent years, with the rapid growth of China's economy, China's cosmetics consumption has also risen rapidly. In 2013, China surpassed Japan to become the world's second largest consumer of cosmetics. In 2017, China's cosmetics market accounted for 11.5% of the global market, second only to the US 18.5%. In an era when people are paying more and more attention to their image and value, cosmetics are becoming a rigid demand. In terms of cosmetics retail sales, cosmetics retail sales in November 2018 was 28 billion yuan, an increase of 4.4% compared with the same period last year. From January to November 2018, the national cosmetics retail sales reached 237.5 billion yuan, an increase of 10.5%.

As the industry's leading communication platform, the Asian Cosmetics Innovation Summit will continue to explore the core development trends of the Asian cosmetics industry, gather the domestic and international cosmetics industry strength, and explore the cosmetics in marketing, packaging, R&D and technology from the perspective of industry practitioners. Under the theme of “deciphering the new driving force for cosmetic innovation growth”, let us break through mediocrity with smart and innovative thinking and walk with innovators.

Organizing Committee of Asian Cosmetics Innovation Summit