This article discusses China's current cosmetics market scale trend, industry economic indicators, enterprise filing layout, product development direction and consumption characteristics in detail. It points out that China has become the major consumer market of cosmetics in the world with a huge production and management system, whose product structure tends to be differentiated and diversified and the consumer demand rises from surface to efficacy. However, there still exists a gap between China and foreign countries in terms of product development, so it is crucial to conduct product development and technological innovation according to consumer's concerns.