国货美妆市占率已达55%，上海如何打造全球化妆品品牌高地

Core Insights - The Chinese cosmetics market is experiencing significant growth, with domestic brands accounting for a substantial portion of retail sales, yet individual brand sales remain relatively small [1][3][4] - The need for high-end domestic brands is emphasized as a critical factor for the industry's future development [2][6] - Shanghai is positioned as a global hub for cosmetics, leveraging its advantages in brand aggregation and innovation [2][7][8] Industry Overview - The total retail scale of the top 50 cosmetics brands in China for 2024 is projected to be 233.48 billion yuan, representing 21.74% of the national cosmetics market, which has a total retail value of 1,073.82 billion yuan [1] - Among the top 50 brands, 22 are Chinese, but they only account for 39.98% of the total retail revenue of these brands, which is lower than their overall market share of 55% [1][4] - The average sales scale of Chinese cosmetics companies is 4.116 billion yuan, which is lower than that of companies in the US (5.619 billion yuan) and France (5.22 billion yuan) [1] Market Dynamics - The Chinese cosmetics market has surpassed 1 trillion yuan for two consecutive years, making it the largest cosmetics consumer market globally, with a market transaction total of 1,073.82 billion yuan in 2024, reflecting a year-on-year growth of 2.8% [3] - Domestic brands have seen a rise in market share, with their transaction value accounting for 55.2% of the top 1000 online brands, an increase of 2.9 percentage points year-on-year [3][4] - The number of brands with transaction values exceeding 100 million yuan has reached 819, marking a historical high, with the number of super-large brands (over 5 billion yuan) increasing from 7 to 9 [4] Challenges and Opportunities - The market is characterized by a highly fragmented competitive landscape, with the top 10 brands holding less than 30% market share, indicating weak economies of scale [5] - The industry faces challenges in forming a brand pyramid structure, with a need for more high-end brands to achieve quality development [5][6] - The "14th Five-Year Plan" highlights the importance of cultivating high-end brands in the consumer goods sector, including cosmetics [6] Regional Development - Shanghai has implemented customs support measures to enhance the quality of the cosmetics industry, which includes optimizing inspection processes and improving service efficiency [7] - The city is a leading consumer market, with cosmetics retail sales reaching 56.246 billion yuan in the first five months of the year, growing by 3% [8] - The "Oriental Beauty Valley" in Shanghai has become a significant hub for cosmetics companies, accounting for 37% of the city's cosmetics enterprises and 40% of sales [8] Innovation and R&D - Strengthening R&D, cultural heritage, and brand building are crucial for the rise of domestic cosmetics brands [9] - The industry is focusing on technological advancements and exploring new materials, with a notable increase in the registration of new raw materials [4][9] - Companies are encouraged to integrate biotechnology and modern medicine into their product offerings to enhance competitiveness [10]