According to Syntun, the Gross Merchandise Volume (GMV) of this year's Double Eleven Shopping Festival totalled 1.14 trillion yuan, a modest year-on-year (YoY) growth of only 2.08%. ChemLinked provides an overview of the beauty brand landscape on both comprehensive e-commerce platforms, represented by Tmall and JD.com, and live-streaming e-commerce platforms, with a focus on Douyin.

At the recently concluded 6th CIIE in Shanghai, industry leaders including L'Oréal, Estée Lauder, Shiseido, Coty, P&G, Unilever, Amorepacific, Kao etc, showcased an unprecedented array of new product, technological innovations, and strategic plans. Through these presentations, glimpses of evolving trends in China’s beauty industry can be discerned.

ChemLinked rounded up the latest market and regulatory news in the China cosmetic sector.

Southeast Asia is now considered a pivotal "market of the future" for the global cosmetics industry. According to Statista, the revenue in Southeast Asia's beauty and personal care market is projected to reach US$33.1 billion in 2023, with a CAGR of 3.31% from 2023 to 2028.

With the continuous rise in pet ownership in China and the growing demand for pet products, China's pet products market evolves towards refinement, specialization and premiumization. These evolving dynamics are poised to fuel the ongoing growth of China's pet products market.

China and Australia have engaged in amicable negotiations to resolve trade disputes related to wine and other commodities, and have successfully reached a mutually agreeable consensus. This favorable policy news brings renewed hope for the potential resurgence of Australian wines in the Chinese wine market.

The concept of "sustainable beauty" has progressively woven itself into the entire beauty industry. Notably, the innovative of green materials stands out as a crucial driver propelling the beauty industry toward sustainable growth.

Following the approval of HMOs, prominent Chinese dairy enterprises rushed to announce the launch of their first HMO-containing milk powders. There is strong anticipation for a significant surge in attention toward HMO-containing infant and children's formula milk powder. This trend is likely to evolve into the most prominent nutritional formula trend in the upcoming phase, triggering a wave of new infant formula products in the near future.