Investment Rating - The report indicates a strong growth potential for the bird's nest peptide industry, with a projected market expansion from 2.17 billion CNY in 2022 to 16 billion CNY by 2029, reflecting a compound annual growth rate (CAGR) of 35.47% [8][9]. Core Insights - The bird's nest peptide industry is characterized by high biological activity and absorption, driven by technological innovations and a focus on modern biotechnology to enhance product efficacy [5][6]. - The market is evolving from research exploration to industrialization, with significant growth observed since 2018, particularly in product forms and applications [7]. - Demand is primarily driven by high-income consumers seeking precise nutrition and health benefits, with brands employing multi-channel strategies to enhance market penetration [11]. Market Background - Bird's nest peptides are derived from edible bird's nests through hydrolysis, resulting in small molecular peptides with high bioactivity [5]. - The industry has transitioned from academic research to commercialization, with key technological advancements facilitating this shift [7]. Market Status - The market size is expected to grow significantly, with a CAGR of 28.62% from 2022 to 2024, and an anticipated acceleration to 35.47% from 2025 to 2029 [8][9]. - Supply is characterized by high technical barriers and concentration among leading brands, with significant reliance on patented processes for production [10]. - Demand is robust, driven by middle to high-income consumers, with brands leveraging both online and offline channels for effective market reach [11]. Market Competition - The competitive landscape is defined by leading companies like Zheng Dian Yan Wo and Yan Zhi Wu, which have established significant barriers through raw material control and proprietary technologies [13]. - The competition has evolved from product-based to a comprehensive evaluation of supply chain control, technological innovation, and multi-scenario applications [13]. - The report highlights ten recommended brands, each with unique strengths in product quality, technological innovation, and market positioning [14][15][16]. Development Trends - The industry is moving towards technological, functional, and standardized advancements, with a focus on cross-industry integration [17]. - Companies are increasingly investing in research to validate health benefits scientifically, shifting from concept marketing to evidence-based claims [17]. - The report emphasizes the importance of comprehensive capabilities in research, technology barriers, and innovative applications for future market leadership [17].

Core Viewpoint - The financial performance of traditional consumer leaders is under pressure, while new consumption forces centered around "self-care" are emerging, indicating a profound transformation in the consumer market [1] Industry Overview - The dietary supplement industry is showing strong growth potential, becoming a "value mine" with significant room for development [4][6] - The global market for dietary supplements is steadily growing, with emerging markets like China having substantial potential for improvement [6] Company Performance - Notable companies in the dietary supplement sector include: - Baolong Chuangyuan: Revenue of 649 million, YoY growth of 22.18%, net profit of 171 million [5] - Jiabiyou: Revenue of 307 million, YoY growth of 17.60%, net profit of 108 million [5] - Jindawei: Revenue of 1.728 billion, YoY growth of 13.46%, net profit of 247 million [5] - Companies like Dong'e Ejiao and Tongrentang are also making significant strides in the market [8][9] Market Trends - The probiotic market is gaining traction, with a high repurchase rate of 80% within six months, indicating a shift towards long-term health management [7] - The menopausal market in China has a large potential user base, with over 210 million women experiencing related discomforts, leading to increased demand for dietary supplements [7] Competitive Landscape - Companies that can position themselves in key segments and diversify their offerings are likely to thrive, such as Dong'e Ejiao and Yanzhiwu [8] - Yanzhiwu has established a strong market position through extensive R&D and product innovation, including the launch of new products like Yanzhiwu peptide [12][14] Consumer Behavior - Consumers are becoming more rational and value-driven, focusing on product efficacy and quality, which is reshaping the dietary supplement market [10][11] - The introduction of new formats like gummies and beverages is gaining acceptance among consumers [10] Future Outlook - The dietary supplement industry is expected to continue its growth trajectory, driven by evolving consumer needs and preferences [7][16] - Companies like Yanzhiwu are well-positioned to capitalize on these trends, supported by strong brand recognition and innovative product offerings [14][16]

Core Viewpoint - The establishment of the "Xiamen Nest and Nest Peptide Quality Control and Health Efficacy Application Joint Laboratory" marks a significant collaboration among Xiamen Customs Technology Center, Fujian Agriculture and Forestry University, and Yan Zhi Wu, aimed at enhancing the quality and health efficacy of the nest industry through technological innovation [2][3]. Group 1 - The joint laboratory aims to address core issues in the nest industry, such as authenticity verification, quality standards, and efficacy validation, driven by the increasing consumer demand for health products [2][3]. - The collaboration leverages the strengths of government, academia, and industry to overcome technical bottlenecks in quality control and explore the health efficacy mechanisms of nests and nest peptides [2][3][5]. - The laboratory's goals include establishing a reliable quality control system, investigating the scientific mechanisms of health efficacy, and accelerating the industrialization of research outcomes [3][5]. Group 2 - The partnership signifies a new phase of deep integration between industry, academia, and research, enhancing the global competitiveness of the Xiamen nest industry [3]. - Yan Zhi Wu, with 27 years of focus on high-quality nests, aims to lead the industry towards standardization and technological advancement, becoming the first listed company in China's nest industry [2][5]. - The joint laboratory is envisioned as an efficient platform for research breakthroughs, technological innovation, outcome transformation, and talent cultivation in the nest industry [5].

Core Viewpoint - Yan Zhi Wu has received the "world's first patent authorization for the efficacy and application of bird's nest peptides," marking a significant advancement in the industry and establishing a benchmark for scientific validation and industrial transformation [1][11]. Group 1: Patent and Technology - The patent granted to Yan Zhi Wu is for a method of preparing bird's nest peptides that promote cell repair and provide high moisturizing and whitening effects (Patent No: ZL 2022 11398048.3) [1][4]. - The patented technology clarifies the enzymatic hydrolysis process of bird's nest peptides, revealing their properties such as moisturizing, whitening, and antioxidant effects, thus overcoming the industry's previous limitations of vague components and effects [3][4]. - The enzymatic hydrolysis process involves precise control to produce small molecular peptides with an average molecular weight of less than 1000 Da, enhancing the bioavailability of active ingredients [3][4]. Group 2: Research and Development - Yan Zhi Wu established a bird's nest peptide research center in January 2022, focusing on enzymatic technology, active ingredient research, and product development, achieving significant breakthroughs published in international journals [4]. - The company has received multiple industry awards, including the "Bird's Nest Peptide - Industry Innovation Award" in 2023, recognizing its contributions to the development of the bird's nest industry [4][5]. - In 2024, Yan Zhi Wu's bird's nest peptides were awarded the "Top 10 Chinese Innovative Raw Materials" and "Chinese Ace Ingredient Award," further solidifying its leadership in the field [4][8]. Group 3: Product Development - In 2022, Yan Zhi Wu launched its skincare brand "YAN PALACE," featuring small molecular bird's nest peptides as core ingredients, developing products like multi-effect facial masks and essence [8]. - The company was recognized by Frost & Sullivan as the "pioneer of bird's nest peptide skincare products" based on comparative research of Chinese skincare products [8][11]. - Yan Zhi Wu aims to provide healthier skincare experiences for women, promoting the concept of "bird's nest peptides advocating a new skin ecology" [8][9].