Huge export increase in Taiwan’s Hidden Champions Beauty Industry

Taiwan’s beauty industry is one of the fastest growing industries with export potential in recent years. The total volume of Taiwan’s cosmetics exports has grown by 14% on average over the past 5 years. Even though the beauty industry has faced a financial crisis, it has overcome the challenges to continue growing. Taiwan’s production of beauty masks ranks #1 worldwide, accounting for 17% of global beauty mask production. Businesses in Taiwan’s beauty industry have accumulated many years of experience at being original equipment manufacturers (OEM) for international cosmetics businesses …(more)