Trends in China's Cosmetic and Personal Care Ingredients Market: Insights from Key Players' 2024 Mid-Year Reports
In the first half of 2024, Chinese cosmetic ingredient enterprises demonstrated steady and impressive performance, in contrast to the significant fluctuations seen by international giants. Despite an overall sluggish consumer market, leading personal care and ingredient enterprises maintained solid growth momentum. In the competitive Chinese cosmetic ingredient market, recombinant collagen has emerged as a standout ingredient. In terms of ingredient types, plant-based and chemical ingredients are now on equal footing. Chinese companies are increasingly exploring China’s unique plant resources, leveraging differentiation strategies to unlock the potential of plant extracts and establish strong product barriers. So far, Chinese cosmetic ingredients enterprises have