Investment Rating - The report does not explicitly provide an investment rating for the oral anti-aging industry Core Insights - The oral anti-aging market is experiencing a significant shift from being targeted primarily at older adults to encompassing all age groups, driven by the rise of the beauty economy and younger consumers seeking anti-aging solutions [10] - The demand for oral anti-aging products is increasing, with a notable rise in the purchase of such products among the 25-35 age group, from 28% in 2021 to 45% in 2023 [10] - Key consumer concerns include visible signs of aging such as skin issues and decreased physical and immune strength, with collagen, vitamin C, and vitamin E being the most recognized ingredients [12][14] Summary by Sections Definition and Classification - Oral anti-aging refers to the intake of specific nutrients and bioactive substances to regulate physiological mechanisms and delay cellular aging, categorized into comprehensive and targeted anti-aging [8][10] Consumer Insights - Consumers prioritize visible improvements in skin and physical health over cellular-level changes, with 56% seeking skin tightening and 50% focusing on enhancing physical and immune strength [12][14] - The understanding of emerging anti-aging ingredients like NMN and ergothioneine is still low, indicating a need for better consumer education [12] Market Participants - The market features both international brands focusing on NMN and ergothioneine, and domestic brands like汤臣倍健 that primarily use collagen peptides [21][23] - International brands dominate the NMN market with a 79.3% share, while domestic brands are recognized for their collagen-based products [22][23] Development Trends - The market is shifting from single-ingredient products to complex formulations that offer systemic solutions, with a focus on convenience and palatability through innovative dosage forms like gummies and powders [24][25] - Regulatory support is increasing, with policies promoting the anti-aging industry and the compliance process for new ingredients like ergothioneine accelerating [26]

Core Breakthrough - The company Tianhe Bio's AKG and Ca-AKG products have successfully completed the Self-GRAS scientific evaluation under FDA guidelines, becoming the first domestic products to receive GRAS certification through fermentation methods, thus gaining access to the U.S. market [1] - This achievement fills a gap in domestic product process certification and marks a significant step for the company in entering the global nutrition and health market [1] Technical Strength - Tianhe Bio employs a patented whole-cell catalysis method for its CynbioX®AKG, using food-grade glutamic acid bacteria as a carrier, ensuring product safety and reducing impurities while enhancing purity [2] - The company has achieved large-scale production of CynbioX®AKG and CynbioX®Ca-AKG products, positioning itself as a global innovator in AKG applications [2] - The company has obtained multiple important certifications, including KOSHER, FSSC 22000, and HALAL, aligning its technology and quality control with international standards [2] International Standards and Market Expansion - The successful acquisition of the U.S. Self-GRAS certification demonstrates the company's international standards in product development and quality control, laying a solid foundation for expanding into the global nutrition and health market [3] - There is a growing demand for AKG components in anti-aging, sports nutrition, and weight management sectors, and the company is expected to leverage its certification advantages and technological accumulation to gain a competitive edge in the global AKG market [3]