At present, the cosmetic raw material industry is ushering in a period of rapid development, and authoritative data clearly confirm this trend.Global Information's report "Market Forecast for Functional Cosmetic Raw Materials to 2030" shows that the global market for functional Cosmetic Raw Materials will reach US 33.52 billion in 2024, and it is expected to grow at a compound annual growth rate of 7.8% by 2030, eventually reaching US 66.41 billion.The domestic market is also hot. Data from Iimedia Consulting show that the market for cosmetic raw materials in China will reach 62.8 billion yuan in 2024, an increase of 8.3% year-on-year. Investment in research and development of local beauty brands has increased, and the demand for high-quality raw materials has continued to rise.
In this wave of industry, Mingya New Material Technology Co., Ltd. stands out by virtue of its large-scale production plant.Its large-scale production base in Yichang is equipped with 10 production lines and controls the whole process from raw material research and development to finished product packaging. It can not only ensure the rapid delivery of orders, but also reduce unit costs through mass production, making products more competitive in price.
Relying on the backing of production capacity, Mingya has built a “Domestic and International” dual market pattern.Domestically,
Emulsifier for cosmetics,
Synthetic oils and fats and other core products have long been supplied to beauty and personal care brands; internationally, the products have passed RSOPR, ISO14001, OHSMS and other certifications, and are exported to Southeast Asia, Europe, North America and other countries and regions.In the future, Mingya plans to develop customized raw material formulas for global needs, further deepen the international market, and serve more international customers.
Yichang Mingya New Material Technology Co., Ltd.