Skincare, make-up drive consumer goods growth

China's skincare and make-up sectors registered strong growth of 12 and 10 percent respectively last year with South Korean and Japanese brands making up the lion's share of the increase, according to an industry report.

The ratio is higher than the overall growth of 3.1 percent in the fast moving consumer goods sector, according to latest figures published by Kantar Worldpanel, indicating that the cosmetics sector remains an important growth engine of China's FMCG market.

"Chinese consumers are becoming more sophisticated, and are opting to buy more premium products which are fueling the value growth of these sectors. This presents brand-new opportunities for both international and domestic players," said Jason Yu, general manager of Kantar Worldpanel China.