Research by The Boston Consulting Group and AliResearch, the research arm of Alibaba, China’s largest e-commerce company, found that these three forces of change profoundly reshape China’s economy and consumer market over the next five years. Through 2020, 81% of consumption growth will come from households whose annual income is more than $24,000. Furthermore, consumers 35 or younger will account for 65% of growth. E-commerce will become a far more important retail channel, driving 42% of total consump
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TABLE 14 OTHERS BEAUTY & PERSONAL CARE PRODUCTS MARKET FORECAST BY REGION 2017-2024($ BILLION)GLOBAL MALE GROOMING PRODUCT MARKET FORECAST 2017-2026
FIGURE 84 THAILAND BEAUTY AND PERSONAL CARE MARKET BY CHANNEL 2015 & 2016 (%)FIGURE 121 COMPETITIVE MARKET SHARE OF SAUDI ARABIA IN 2016