Core Insights - The concept of "self-care" has become a popular trend among young consumers, with "emotional consumption" deeply integrated into daily life, particularly during the Spring Festival in Shenzhen [1][3] - The market for emotional consumption, including beauty services and lifestyle products, is experiencing significant growth, with a notable increase in demand for services like manicures and beauty treatments [3][5] Market Trends - The "beauty economy" is thriving, with services such as manicures, eyelash extensions, and hair treatments seeing a surge in bookings, with price increases of 30 to 50 yuan for services during the Spring Festival [3] - Foot traffic in stores selling emotional consumer goods, such as trendy toys and fragrances, has increased, with many products selling out quickly [3][5] Consumer Behavior - Young consumers are increasingly prioritizing self-gifting, as evidenced by their purchasing choices, which include beauty services and unique lifestyle products [5][7] - A shift in consumer mindset is observed, where spending is seen as a means to enhance life quality rather than merely fulfilling basic needs [7] Market Size and Growth - The emotional consumption market in China is projected to reach 2.31 trillion yuan in 2024, growing to 2.72 trillion yuan in 2025, and potentially exceeding 4.5 trillion yuan by 2029, with a high compound annual growth rate [8] - A significant portion of young consumers, 56.3%, are willing to pay for emotional value, with an average monthly expenditure of 949 yuan, indicating a strong market potential [8] Industry Performance - The A-share market has 35 listed companies related to self-care consumption, with a total market capitalization of 31.544 billion yuan, and these companies reported a combined revenue of 66.926 billion yuan and a net profit of 2.833 billion yuan in the first three quarters of 2025, reflecting strong performance [9]