Morgan Stanley analysts predict China’s private consumption is set to more than double to reach $12.7 trillion by 2030. Private consumption is driven by increases in household income and urbanization.

Chinese consumers’ demand for niche beauty, particularly fragrances, has increased over the past year.

Per Tmall data, more than 1,000 brands generated over RMB100 million last year just from the sale of new products. Read on for more insights on product launches in China!

In 2020, Tmall Global listed more than 2,200 new brands and over 200,000 new SKUs. The platform’s annual active consumer numbers rose 20%, and paid GMV grew 40% year-on-year.

AgencyChina is confident CBD skincare will be a big deal in China. Chinese skincare-obsessed consumers value CBD skincare’s soothing, anti-inflammatory effects.

Restaurant dining hasn’t fully recovered, with consumers eating out less and spending less time in restaurants per sitting. Against that backdrop, we see many opportunities for F&B players to augment the home cooking experience.

Sales momentum for low-calorie meal-replacement products continues as: (1) sedentary lifestyles become prevalent; (2) unrealistic beauty standards persist; and (3) consumers search for higher quality meal replacements.

LEGO, famous for its toy bricks, wins another major intellectual property lawsuit against LEPIN in China. China will continue strengthening its intellectual property regime and enforcement measures.