YHF DAILY NECESSITIES CO., LTD.

Business scope: sales and import and export trade of daily necessities and cosmetics, product planning and promotion services;

Company address: 201 Portage Avenue, 18th Floor, Winnipeg, Manitoba, R3B 3K6 Canada

Established on September 20, 2023

Incorporated in Sept. 2023 in Winnipeg, Manitoba, Canada, YHF DAILY NECESSITIES CO., LTD. is the subsidiary of Zhengzhou Yihanfei Daily Necessities Co., Ltd. YHF DAILY NECESSITIES CO., LTD. will stick to its mission of finding, creating and sharing beauty, sell, import and export daily necessities and cosmetics in the Chinese, Canadian and other North American markets. Meanwhile, it will rely on the professional product planning skills and existing sales channels possessed by its parent company to provide product planning and advertising services for daily necessities and cosmetics under local niche brands in Canada.

Data from the Qianzhan Industrial Research Institute (hereinafter referred to as Qianzhan) show that the size of the global cosmetics market picked up rapidly from 2021 to 2022 and reached USD 565.2 billion in 2022, the maximum in a decade. With an ever-increasing consumption capacity in recent years, people have a gradually greater demand for cosmetics. Besides, driven by the fast growth of e-commerce platforms, the cosmetics industry presents huge development potential in the future, and Qianzhan expects the global cosmetics market to reach a size of USD 816 billion by 2028.

Survey reveals that the Canadian cosmetics market is expected to expand at a CAGR of 6.45% from 2023 to 2028, possessing considerable market potential. In such a market, YHF DAILY NECESSITIES CO., LTD. will seek companies attentive to cosmetics R&D and provide them with product planning and advertising services to achieve win-win cooperation between the company and its clients.