Consumer Goods & Services

Market Overview of Hong Kong Skincare & Cosmetics Products

The retail market of skincare and cosmetics products in Hong Kong has long been supported by tourists, especially those from the PRC. In terms of retail value, Hong Kong’s skincare and cosmetics market increased from approximately HK$25.9 billion in 2012 to approximately HK$33.1 billion in 2016. The retail value refers to the amount of money paid by end consumers to purchase the products. However, the retail value of the skincare and cosmetics market in Hong Kong dropped by approximately 3.6% and 4.9% in 2015 and 2016, respectively, which was primarily…

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