In 2023, Chinese cosmetic ingredient enterprises exhibited a strong and steady growth trajectory, while international ingredient suppliers encountered challenges with declining overall performance. Within the realm of ingredient competition, bioactive and efficacy ingredients emerged as the central focus of the industry. Concurrently, synthetic biology technology gained increasing prominence, emerging as a new trend in industry development. In response to these market changes, major brand enterprises have intensified their investment in ingredient research and development (R&D), aiming to secure a competitive edge. As of now, multiple cosmetic ingredients and cosmetics enterprises have released their annual reports for 2023, unveiling a
