According to Frost & Sullivan, the market size of functional skincare products in China grew by 33.6% to reach RMB 56.7 billion in 2021. The market is expected to maintain a growth rate of over 30% and reach RMB 175.7 billion in 2025. This rapid growth can be attributed to the increasing notice of Chinese consumers on cosmetic ingredients and their functions.
In recent years, many Chinese consumers have been prioritizing the ingredients and functions of cosmetic products over brand names. They tend to investigate and compare the ingredients and functions of different products and purchase the cost-effective ones fitting their needs. With consumers’ higher requirements for products and their functions, cosmetic enterprises have been expanding the R&D of raw materials and hoping to forge competitive products.
Given the importance of cosmetic ingredients to both consumers and enterprises, ChemLinked has selected some popular raw materials and conducted a brief market analysis of them. The webinar will also cover the latest cosmetic ingredient trends in China to provide participants with valuable insights.
Notes:
Additionally, we have prepared a compliance-related webinar titled "Navigating China's New Cosmetic Ingredient Notification and Registration Process" on June 21, 2023 (GMT+8) to provide the latest new cosmetic ingredient regulations and application process in China. If you wish to participate, kindly register by clicking here.
To have a better chance of your questions being addressed during the webinar, we encourage you to email us your inquires in advance.
