China Home Care Products Market to Grow at 6% CAGR through 2021, Says CRI in Its New In-demand Report Recently Added at MarketPublishers.com01 Sep 2016 • by Natalie Aster
LONDON – Along with ongoing development of livelihood and economy in China, the demand for home care products is also gaining traction. In 2011, the sales revenue of the Chinese home care products industry stood at CNY 90 billion. It registered a 7.7% CAGR during 2011-2015, and in 2015 reached CNY 120 billion.
At present, there are over 1,000 home care products manufacturers in China. Some of the most prominent players include Nice, Liby, Unilever (China), Blue Moon and Unilever (China).
Female population forms the largest group of home care products consumers in China owing to their purchasing initiatives and also responsibilities for household chores. Meantime, the highest demand comes from young and middle-aged women, whilst the demand of elderly women is less.
In the next four years, the Chinese home care products market is likely to sustain healthy growth, registering a 6% CAGR.
Cutting-edge research report “Research Report on Home Care Product Industry in China, 2016-2020” from China Research & Intelligence Co., Ltd. (CRI) gives in-depth insights into the Chinese home care products marketplace, describes the current market scenario, explores the regulative landscape, touches upon the top trends and also examines the major domestic market growth drivers and restraints. It reviews the key market growth challenges, outlines lucrative growth opportunities, scrutinises the competitive landscape and profiles leading companies active in the Chinese home care products. Moreover, projections for the development of China’s homecare products market through 2021 are provided in the report.
Many other research reports by the publisher are offered in the CRI’s catalogue.