The current market situation ofcosmetic raw materials

The global and Chinese cosmetic raw material markets are showing a rapid growth trend, with a global market size of 350 billion yuan in 2023 and expected to increase to 420 billion yuan by 2030; The size of the Chinese market is 61.909 billion yuan, with a compound annual growth rate of about 5%. The market presents the characteristics of the rise of local enterprises and the coexistence of dependence on high-end raw material imports, with active peptides, natural raw materials, and biotechnology innovation becoming the core growth points.
Market size and growth trend
Global market: The global sales of cosmetic raw materials will reach 350 billion yuan in 2023, and are expected to increase to 420 billion yuan by 2030 (CAGR 3.6%), with strong demand for high-end raw materials such as active peptides and plant extracts.
Chinese market: The market size is expected to reach approximately 61.9 billion yuan in 2023, with an annual growth rate of 5%. In 2024, 91 new recorded raw materials (including 42 plant materials) will be added, reflecting the vitality of biotechnology innovation.
The Rise of Local Enterprises and the International Gap
Technological breakthrough areas: In the fields of raw materials such as hyaluronic acid, collagen, peptides, etc., enterprises such as Huaxi Biology and Kesi Co., Ltd. have entered the international supply chain.
Import dependency challenge: 70% of high-end raw materials rely on imports, with key components such as pentanediol and bisabolol being restricted by international giants such as BASF.
Policy driven and innovative directions
Regulatory optimization: The new raw material filing system is accelerating innovation, with the number of filings increasing from 6 to 91 from 2021 to 2024, promoting the diversification of raw materials.
Technological trend: Biological synthesis technology (such as N-acetylneuraminic acid) and green raw materials (snow lotus culture) have become research and development priorities, in line with environmental policy guidance.