On September 13, the China Beauty Nutrition Summit Forum was held in Beijing, co-sponsored by the Nutrition and Health Food Committee of the Chinese Nutrition Society and Chinese Dermatologists Association of the Chinese Medical Doctor Association. At the Summit Forum, “2020 China Beauty Nutrition White Paper is released, revealing that influencing factors concerned by consumers when choosing beauty products are ranked in the following order: active ingredients and formulations, quality, brand name, price, friends’ recommendation, and others. According to Tmall Global’s healthcare industry representative, sales of beauty and nutrition products on Tmall Global have maintained high growth rate for three consecutive years. In addition to the two main groups of female consumers aged around 30-40 and 24-30, the proportion of young generation consumers born after 1990 or 1995 is expanding rapidly. (Source: Tencent)

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