AMID ASIA’S RISE, CENTRE OF GRAVITY NOT ENTIRELY CHANGING FOR PRIVATE LABEL COSMETIC MANUFACTURING
January 3rd, 2015
FOR ASIA’S private label cosmetics manufacturers, orders by Asian brands have been replacing those from western companies, as Asia has become the top personal care product market besides the US and Europe. Indeed, some countries in the region are still seeing high growth rates. Total retail sales of skin care products and make-up products in China, for example, achieved year-on-year growth of 9.1% and 7.3% respectively in 2013, according to market researcher Euromonitor International.“With Kolmar and Cosmax, there are two major OEM/ODM [original ...
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