default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

or
Sign up to:
  • Read daily fashion news
  • Download special reports
  • Sign up for essential email briefings
  • Follow topics of interest
  • Receive event invitations
  • Create job alerts

Guangzhou Builds ‘Beauty Park’ to Boost Chinese Cosmetics Industry

One of southern China’s top metropolises is building a 10-square-kilometre “Beauty and Healthcare Industrial Park” to ramp up production for the booming market.
Cosmetics factory. Shutterstock

Guangzhou, one of southern China’s premier metropolises, is building a 10-square-kilometre “Beauty and Healthcare Industrial Park” to boost production for China’s booming beauty market, according to a report in The South China Morning Post.

The park is expected to generate 8.6 billion yuan ($1.3 billion) worth of cosmetics and skincare products annually and will set up more local brands to compete with international giants in a beauty market valued at $52 billion last year.

Strengthening the “beauty economy” has become a key goal in recent years for Guangzhou, where the sector is expected to generate 50 billion yuan ($7.6 billion) by 2023 and 100 billion yuan ($15.2 billion) by 2025, according to the Baiyun District Science, Industry, Commerce and Information Technology Bureau.

Construction on the new park is underway, and there’s no word on when it’s due to officially open for business.


In This Article

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Inside the $7 Billion Dior Phenomenon
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Inside the $7 Billion Dior Phenomenon