Investment Rating - The report does not explicitly provide an investment rating for the cosmetics new ingredients industry in China Core Insights - The report aims to systematically outline the development status and core characteristics of the new cosmetic ingredients industry in China, analyzing the definition management, efficacy orientation, filing patterns, and technological trends to provide valuable insights for industry participants to grasp R&D directions and optimize strategic layouts [3] Summary by Sections Overview of China's Cosmetic Ingredients - Cosmetic ingredients are the core foundation and value source throughout the entire industry chain, with innovation directly determining the efficacy, safety thresholds, and market competitiveness of end products. China implements a dual-track management system for new cosmetic ingredients, providing a clear regulatory pathway for ingredient innovation while imposing higher safety and efficacy requirements [7] - The analysis indicates that due to abundant local plant resources, natural and mild plant extracts have become mainstream, with maintaining skin barrier and antioxidant properties being two major functional claims. The industry shows a dual-track development path, rapidly following mature ingredients validated in international markets while actively exploring cross-application of food-grade materials [7][8] Overview of China's Cosmetic Filing New Ingredients - The data shows that chemical ingredients account for 46.0%, plant ingredients for 30.7%, biotechnology ingredients for 20.0%, and animal ingredients for 3.3% of the new filing ingredients in China. Chemical synthesis remains the dominant force in upstream development due to its advantages in formula stability, process maturity, and cost control [29] - The leading functions of these ingredients include skin protectants and antioxidants, which account for 43.0%, followed by moisturizers at 17.3% and anti-wrinkle agents at 9.0%. The focus of cosmetic R&D has shifted from superficial modification to maintaining and enhancing skin health [29][28] Development Trends of China's Cosmetic New Ingredients - Biomanufacturing technologies, including microbial fermentation, genetic engineering, enzyme engineering, and tissue culture, are profoundly influencing traditional chemical ingredient production methods, driving the transformation of cosmetic ingredients towards greener, low-carbon, and high-efficiency directions [7] - Despite facing adjustment pressures in end-consumer demand, the continuous growth of disposable income among residents lays a solid foundation for consumption upgrades. This demand will continue to compel upstream ingredient sectors to innovate substantively to activate potential consumer needs [7][41]

Core Insights - The National Medical Products Administration has made a second dynamic adjustment to the "Catalog of Used Cosmetic Raw Materials," with Suzhou Weimei Biotechnology Co., Ltd.'s lauroyl proline cosmetic new raw material being included in Catalog II after a three-year safety monitoring period, marking a significant achievement for Jiangsu Province [1] - Lauroyl proline, developed over ten years, is an amino acid surfactant derived from natural lauric acid and proline, showcasing superior performance and environmental friendliness, and is recognized as a leading international standard [1] Industry Development - The Suzhou cosmetics industry has shown robust growth, attracting international companies like L'Oréal, Procter & Gamble, Henkel, and Yingteli, while also nurturing competitive domestic brands such as Green Leaf, Meis, and Kangbali, highlighting the ongoing industrial clustering and brand vitality [2] - The Suzhou Market Supervision Administration is enhancing regulatory services to support industry development, focusing on compliance and innovation, and has organized training sessions to improve the efficiency and compliance of domestic cosmetic product registrations [2] Regulatory Support - The Suzhou Market Supervision Administration has established a multi-faceted service matrix, providing one-stop services for companies, including technical consultations and compliance advice, and has conducted multiple enterprise service events to address registration issues [3] - The administration is actively promoting innovation in new cosmetic raw materials, assisting companies like Suzhou Kaituo Pharmaceutical Co., Ltd. in overcoming application challenges, and has initiated training programs to enhance safety assessment capabilities within the industry [3] - Future plans include further optimizing the business environment for the cosmetics sector in Suzhou by improving service systems and deepening collaboration to meet industry development needs [3]

Core Viewpoint - The successful registration of "Crocodile Oil" as a new cosmetic ingredient marks a significant breakthrough for Hainan in the cosmetic raw materials sector, transitioning from a history of no registered new cosmetic ingredients to a position of innovation and industry competitiveness [2] Group 1: Industry Development - Hainan's crocodile oil is the first natural or artificial raw material used in cosmetics to be registered in China, indicating a new phase in the local cosmetic industry [2] - The registration fills a gap in Hainan's cosmetic raw materials field and supports the transformation of local advantages into industrial competitiveness [2] Group 2: Regulatory Support - The provincial drug regulatory authority provided proactive support throughout the registration process, offering one-on-one guidance to help the company navigate compliance and safety issues [2] - The authority aims to continue optimizing the registration services for new cosmetic raw materials, encouraging more companies to explore Hainan's unique resources and innovate in raw materials [2]