TAIWAN’S PERSONAL CARE BRANDS EXPAND ELBOW ROOM BOTH AT HOME AND IN CHINA

INTERNATIONAL brands have been growing in emerging markets worldwide, but it would appear that where a newly wealthy country develops a local industry with quality products, they can lose market share. Taiwan is a case in point. Its beauty and personal care market – last year worth USD3.4 billion and traditionally heavily dominated by international brands –  has seen domestic players steadily clawing back more market share: extending from a mere 15% in 2007 to a relatively handsome 25% in 2012. Similarly upbeat is the tone on the export front: shipments from ...


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