Today: February 11, 2016, 4:14 pm
  
Finance

China direct selling market forecast to increase by 12% CAGR during 2014 to 2019

companiesandmarkets.com
companiesandmarkets.com
Direct Selling in China - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-05-01 00:37:08
In 2013, eight new companies received direct selling licenses from the government. Thus, the total number of direct sellers rose to 41 by the end of December. The new players are: Guangdong Jiuji Biotech Co Ltd; QuanJian Natural Medicine Science and Technology Development Co Ltd; Shenzhen Vigor Technology Group; Ten Fu Ten Max (Xiamen) Biotechnology Co Ltd; Synsun Health Industry Co Ltd; Tianjin Kangting Bioengineering Co Ltd; Shanghai Spring Town Biotechnology Co Ltd; and Merro International Co Ltd. However, in 2013, Avon China, the first player to obtain a direct selling licence, transformed its business to become a beauty specialist retailer.

Despite a retail value share loss of four percentage points in 2013, Amway (China) remains the leading player in direct selling with sales of RMB26.4 billion. In January 2013, Amway increased its number of SKUs (stock keeping units) with 13 new products. Similar SKU growth was recorded in March 2013. The company also added 27 new products in November 2013 and six new products in December 2013. In terms of Amway´s permitted sales regions, new low-tier cities in North and Northwest provinces were approved by the government, such as Gansu, Ningxia and Qinghai.

Over the forecast period, direct selling is expected to post a 12% constant value CAGR. In addition to the eight new players with direct selling licenses, other companies, such as Conba Group and CNI (China) Daily Cosmetics Co Ltd, have submitted applications to the Ministry of Commerce. Meanwhile, many leading manufacturers will continue to expand their approved business areas and launch new products to attract consumers. As direct selling is highly controlled by the government, which issues approved region and product lists, policy changes may provide a threat to direct selling in the forecast period.

Click for report details: www.companiesandmarkets.com/Market/Retail/Market-Research/Direct ..

Browse all Retail Market Research Reports www.companiesandmarkets.com/Market/Retail/Market-Research?aCode= ..

Browse all Retail Company Profile Reports www.companiesandmarkets.com/Market/Retail/Company-Profile?aCode= ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 480 Words
Related Articles
 
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..]
Investing.co.uk Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source Investing.co.uk has announced that it will now be offering the [..]
Credit-Yogi.com Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.