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In November last year, the National Medical Products Administration issued the Announcement on Encouraging Innovation and Standardizing Management of New Cosmetics Raw Materials (No. 143 of 2023), which encouraged the development of new cosmetics raw
In today's world where green and healthy have become new concepts in life, people's awareness of returning to nature is constantly increasing. Plant extracts, benefiting from increasingly mature extraction technologies, possess natural, safe, and eff
Without the ingredients, the efficacy cannot be discussed. The efficacy skincare market has rapidly developed and extended to this day, with brand marketing, raw material suppliers, and individual consumers all highly focused on the key element of "i
From washing to care, consumer psychology is undergoing a subtle transformation, and products that focus on functional washing and care have entered the big stage of the consumer market. With the official implementation of regulations such as the "Guidelines for Evaluation of Cosmetic Efficacy Claims", the traditional skincare industry has entered a new stage of efficacy evaluation. Only through transformation and upgrading can it keep up with industry trends and gain the favor of consumers.
The downstream of the global cosmetics and personal care ingredients market mainly consists of manufacturers of cosmetics and skincare products, while the end consumer group is those who pursue skincare effects and have a demand for cosmetics. With the increase of income, upgrading of consumption structure, and further improvement of public aesthetic level, skincare issues are no longer limited to female consumers, and the male consumer group is also constantly growing. The expansion of the end consumer group has driven the revenue of the downstream cosmetics and skincare market, which is conducive to increasing the order volume and business volume of the cosmetics and personal care raw materials industry.
In recent years, with the rise of the "ingredient party" and "efficacy party", the efficacy skincare track has become extremely hot, and effective ingredients have become increasingly the standard for young people to choose skincare products. According to Frost&Sullivan data, the Chinese efficacy skincare market reached a size of 56.7 billion yuan in 2021, with a growth rate of 33.6%, and is expected to continue to maintain a growth rate of over 30%, reaching a market size of 175.7 billion yuan by 2025.
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