Market Condition

1. According to the National Medical Products Administration (NMPA)’s data query platform, there were 24 new cosmetic ingredients notified in H1 2023, of which 16 were notified by Chinese local enterprises, accounting for 67%. In terms of ingredient types, 15 new ingredients notified by Chinese domestic enterprises were active ingredients.

2. China’s cosmetic sector witnessed 35 investment and financing events in the first half of 2023, with a total amount exceeding CNY 1 billion. The events were mainly concentrated in four areas: synthetic biology, cosmetic medicine, live streaming service and offline retail.

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