Core Insights - The report focuses on the independent market research of the Chinese cosmetics raw materials industry for 2025, analyzing the current status and trends from multiple dimensions [1] - The demand for high-quality and innovative raw materials is increasing due to consumers' rising expectations for safety and efficacy, driven by advancements in biotechnology and green chemistry [1][6] Market Overview - The global cosmetics raw materials market was valued at $88.56 billion in 2019 and is projected to reach $114.24 billion by 2024, with a CAGR of 5.2%. By 2029, it is expected to grow to $169.43 billion at a CAGR of 8.2% [21][23] - The Chinese cosmetics raw materials market was valued at ¥114.78 billion in 2019, expected to grow to ¥160.39 billion by 2024, with a CAGR of 5.7%. By 2029, it is projected to reach ¥256.18 billion at a CAGR of 8.6% [25][27] Industry Trends - Future trends include a revolution in raw materials driven by biotechnology, an upgrade in precise skincare demands, a deepening commitment to sustainable development, and accelerated policy support for technology transformation [2][31] - The industry has undergone several iterations, evolving from natural raw materials to synthetic, efficacy-driven, and now to biotechnology-driven solutions [10][9] Competitive Landscape - The global market is concentrated in Europe, America, and the Asia-Pacific region, with Chinese companies like Weiqi Technology excelling in peptide fields [2][33] - Major players include BASF, Lubrizol, Croda, and DSM, each with unique competitive advantages in various segments of the cosmetics raw materials market [34] Business Models - The business models in the cosmetics raw materials industry include raw material sales, customized services, and joint research and development, with a growing emphasis on service-oriented models [14][16] - Companies are increasingly offering customized raw materials and collaborative R&D to reduce inventory costs for smaller brands [14] Regulatory Environment - Continuous policy support and regulation are fostering a conducive environment for innovation in the cosmetics raw materials market, with an increasing number of new raw material registrations [17][29] - The Chinese regulatory framework has been evolving to enhance the safety and efficacy of cosmetics, promoting a more transparent and standardized industry [29] Technological Innovations - Advances in biotechnology, nanotechnology, and green manufacturing are driving the development of new raw materials, enhancing their efficacy and safety [19][18] - The integration of AI in formulation design and the use of sustainable production processes are reshaping the industry landscape [31][19]

Investment Rating - The report does not explicitly provide an investment rating for the skincare industry Core Insights - The skincare industry in China is undergoing a transformation driven by consumer demand for personalized and sustainable products, with a focus on ingredient innovation and technological integration User Profiles - The male skincare market is evolving towards personalized skincare solutions, moving from basic care to more specialized needs such as oil control and acne treatment, with the market expected to reach 15.6 billion yuan by 2024 [19][20] - The Z generation views skincare as a form of self-expression and emotional engagement, with a strong emphasis on cultural identity and social belonging [14][18] - The infant skincare market is rapidly growing, driven by the new parenting philosophies of the "90s" and "Z generation," focusing on safety and scientific formulations [22][25] Ingredient Trends - The plant-based skincare market is entering a phase of innovation characterized by ingredient upgrades and sustainable practices, with a focus on herbal extracts and advanced extraction technologies [26][27] - The top plant extracts in demand for 2024 include Centella Asiatica, licorice root, and purslane, indicating a shift towards natural and effective ingredients [27][28] Technological Innovations - AI technology is transforming the skincare industry from a traditional model to a data-driven ecosystem, enhancing efficiency and enabling personalized skincare solutions [38][40] - The integration of AI in product development is reshaping the research and development processes, allowing for more tailored consumer experiences [39][40] Consumer Concepts - Emotional skincare is emerging as a new concept, combining psychological and sensory elements to enhance the skincare experience [44][46] - The philosophy of minimalist skincare is gaining traction, emphasizing precision and efficiency over excessive product use [53][55] - Sustainable packaging is becoming a priority for consumers, with a significant portion willing to pay a premium for eco-friendly packaging solutions [58][59]

Investment Rating - The report does not explicitly provide an investment rating for the skincare industry Core Insights - The skincare market is segmented into facial care and body care, with facial care receiving significantly more consumer attention than body care [3][13] - The report highlights the emergence of targeted skincare products, particularly in the neck and chest areas, as new growth points in the body care segment [50][64] Summary by Sections Facial Care - Facial care sets account for over 20% of the market share, with leading brands including L'Oréal, Herborist, and Proya dominating the Taobao market [5][16] - In 2024, facial essence is projected to grow at a rate of 13.2%, becoming a key driver of market growth, with Proya leading sales [27][30] - The top-selling facial care sets on Taobao and Douyin show a significant presence of both international and domestic brands, with domestic brands gaining market share through innovative marketing strategies [23][25] Body Care - Body lotion and cream dominate the body care market, accounting for over 75% of sales, with international brands like L'Occitane and Vaseline leading [56][55] - The neck care segment is identified as the fastest-growing category within body care, with domestic brands like SDX and KAZOO gaining traction [62][64] - The body care market is experiencing a shift towards precision skincare, with targeted products for specific areas like the neck and chest becoming increasingly popular [65][64] Market Trends - The report indicates a trend towards premiumization in certain product categories, such as facial masks, while other segments are seeing a decline in average pricing due to changing consumer preferences [49][45] - The introduction of new products in 2024 is primarily driven by domestic brands, which dominate the market for facial care sets and masks [45][43] - The body care segment is witnessing a diversification of product functions, with consumers increasingly interested in multifunctional products that address various skincare needs [65][66]

Core Viewpoint - The article discusses the launch of the new product "Day and Night Whitening Essence Oil" by the skincare brand "Chapter 14," emphasizing its innovative approach to addressing complex skin pigmentation issues in the context of the rapidly growing Chinese whitening market, which is valued at hundreds of billions [4][20]. Group 1: Product Launch and Innovation - "Chapter 14" held a product launch and technical seminar for its new "Day and Night Whitening Essence Oil," which is positioned as a revolutionary skincare product [2][4]. - The product is based on a "Day and Night Whitening Formula," developed through a global R&D network and interdisciplinary collaboration, marking the beginning of "Precision Skincare 2.0" [4][18]. - The essence oil has received a "Whitening Special Certificate" and has shown significant results, with a reported 42% reduction in melanin deposition after 28 days of use [15][21]. Group 2: Skin Challenges and Research Insights - The article highlights the complex mechanisms of skin pigmentation, including factors like UV exposure, blue light, and pollution, which necessitate a systemic approach to skincare [5][7]. - Research indicates that blue light is a significant yet often overlooked factor in skin damage, affecting a large portion of the population, particularly those with skin types III and IV [7][9]. - The introduction of a dynamic model that incorporates both genetic and environmental factors into skincare research is a key advancement [22]. Group 3: Ingredients and Efficacy - The new product features the innovative ingredient "SuperBlanc X88™," which combines multiple active components to create a comprehensive skincare solution [12][15]. - This ingredient builds on the classic whitening agent "Symwhite 377," enhancing its efficacy by adding other natural extracts that combat various sources of pigmentation [14][15]. - The formulation is designed to provide both daytime protection against environmental stressors and nighttime repair for skin inflammation, creating a complete whitening cycle [15][22]. Group 4: Market Context and Growth - The Chinese whitening skincare market is rapidly expanding, with projections indicating growth from 60.74 billion yuan in 2023 to 108.7 billion yuan by 2028, reflecting a compound annual growth rate of over 10% [20]. - The competitive landscape is shifting, with consumers increasingly prioritizing safety, efficacy, and precision in whitening products [20][21]. - The launch of "Day and Night Whitening Essence Oil" is seen as a response to these market demands, leveraging advanced technology to enhance product absorption and stability [20][21]. Group 5: Brand Philosophy and Future Directions - "Chapter 14" is committed to the philosophy of "Precision Skincare," which emphasizes scientific rigor and innovation in product development [18][25]. - The brand aims to establish itself as a leader in the high-end skincare market by integrating scientific research with consumer insights [24][25]. - The founder, Mei Hexiang, has expressed a vision of creating a brand that resonates with Chinese consumers, focusing on a unique development path for domestic skincare brands [25][26].