L'Oreal(US:LRLCY) Xin Lang Cai Jing·2025-10-30 12:19Core Insights - The global beauty industry is experiencing rapid development driven by technological innovation and consumer upgrades, with significant growth in the light medical beauty market [1] - China has become the largest cosmetics market globally, with the beauty industry expected to exceed 1,073.82 billion yuan in 2024 and 1,100 billion yuan by the end of 2025, indicating strong growth momentum [1] - The safety of medical beauty procedures and the difficulty in securing investments for innovative medical research companies remain challenges for industry development [1] Industry Development - The Chinese beauty industry has evolved beyond a single market dividend logic, integrating multiple disciplines such as medicine, bioengineering, and fine chemistry, focusing on product safety, effectiveness, and cultural value [3] - Shanghai is emerging as a core area for the beauty industry's development, with the city accounting for approximately one-third of the national retail sales of cosmetics, reaching 68.5 billion yuan in the first half of 2025 [3] - The "Meichuang Jingjie" beauty health innovation ecosystem community in Shanghai is actively capturing development opportunities in the beauty industry, integrating beauty technology, clinical transformation, and first-release economy [3][4] Policy Support - The Jing'an District government is committed to creating an efficient, orderly, and law-based business environment to support the beauty industry's development through various measures, including market access reforms and strengthening property rights protection [4] - The "Jing'an District Action Plan for Promoting High-Quality Development of the Beauty Health Industry (2025-2028)" aims to establish a 100 billion yuan beauty health industry cluster by 2028, fostering leading enterprises and international brands [5] Innovation Ecosystem - The "Meichuang Jingjie" initiative has attracted over 40 local beauty companies with core technologies and professional talent, creating an ecosystem for efficient innovation and market transformation [7] - The collaboration between research institutions and market needs is emphasized, with "Meichuang Jingjie" providing a platform for researchers and companies to exchange ideas and accelerate the commercialization of scientific achievements [7][8] Financial Support - The establishment of the "Kaihui Chuangmei Future Fund" aims to support new-generation beauty enterprises with effective scientific characteristics, providing financial backing for innovation [9] - The beauty industry is undergoing a technological transformation, with AI and biotechnology identified as key drivers for future development [9] Future Outlook - Experts suggest that technological innovation and globalization will be crucial for the future development of China's beauty industry, with increasing influence in Southeast Asia and Europe [10] - Predictions indicate significant growth in production capacity, technology research centers, and raw material manufacturing centers in the next five years, with a focus on global market expansion [11]