Originally published April 2 2005
Asian beauty industry on growth trend
by Mike Adams, the Health Ranger, NaturalNews Editor
Many global beauty companies are looking to Asia for expansion, as the continent now accounts for nearly 40 percent of the global beauty market. China's beauty industry is currently growing at 15 percent per year. Chinese women spend $5 billion per year on cosmetics alone, and it is expected that figure will double to $10 billion per year by the end of the decade.
Beauty is now a big business in Asia.
Many of the world's leading beauty companies are looking at Asia to market their products.
According to industry estimates, Asia accounts for nearly 40 percent of the world's beauty market, where China's industry alone grow by 15 percent a year.
Many spend over 200 US dollars for beauty treatments across Asia.
A growing number of Asian women are helping to transform beauty into a million dollar industry across Asia.
In China, for instance, consumers spend 5 billion dollars a year on cosmetics alone - a figure expected to double by the end of the decade.
Beauty companies in Asia are adjusting for space in Asia's increasingly crowded beauty market.
Skin care is one of the most profitable growth areas in Asia.
In countries like Thailand and Singapore, Spas are becoming a common site, not only in resorts but in cities as well.
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