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Tuesday, May 24, 2022Market

Online prestige beauty: +11% in China in Q1 2022

Beauté prestige en ligne : + 11 % en Chine au T1 2022

Propelled by strong Chinese New Year sales in January and February, prestige beauty e-commerce sales revenue in China increased by 11% in the first quarter of 2022 (Q1), versus last year, according to The NPD Group. However, the COVID-19 outbreak during the second half of March, which led to regional lockdowns and an increase in mask use, caused sales to decline 1% for the month.

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Q1 sales for the hair, fragrance, makeup, and skincare categories increased by 43%, 18%, 11%, and 9%, respectively.
In March alone, hair category sales continued to grow, increasing 33% for the month, and there were pockets of growth within face and body skincare, including sun-care.
The makeup and fragrance categories experienced respective declines of 6% and 4% in March, versus March 2021.

“China could continue to see prestige makeup sales decline in April and May due to the current lockdowns in some major cities, including Shanghai, the country’s leading manufacturing center,” said Stanley Kee, senior vice president and managing director, APAC, The NPD Group. “However, the situation is likely to improve beginning in June when China’s 618 Shopping Festival kicks off, and the government is expected to release new, favorable policies to boost consumption.”

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