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The cosmetic raw materials industry is experiencing significant growth and transformation
2025.01.05
The cosmetic raw materials industry is experiencing significant growth and transformation.
In China, the number of new cosmetic raw material filings has been increasing since 2021. In the first 8 months of 2024, 68 new raw materials were filed, with Chinese enterprises accounting for 74% of the filings, showing enhanced innovation capabilities.
Plant extracts, chemical raw materials, and biotechnology-based raw materials are the main types of new raw materials.
For example, many Chinese companies are deeply exploring plant extracts such as those from Chinese characteristic plants to create differentiated advantages.
The development of cosmetic raw materials is driven by factors such as changing consumer lifestyles, increasing disposable incomes, and the growing demand for multi-purpose cosmetic products.
However, strict laws and standards for product manufacturing and storage also pose challenges to the market.
Key players in the market include BASF, Evonik, and many other international and domestic companies. They are constantly investing in R&D to develop new products and expand their market share.
For instance, some companies use synthetic biology technology to produce high-value cosmetic raw materials such as hyaluronic acid and collagen.
In summary, the cosmetic raw materials industry has broad prospects, but companies also need to pay attention to compliance and innovation to meet market demands and achieve sustainable development.
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