In the beauty and personal care industry, cosmetic raw materials are the core of products, and its development is closely related to regulations, market demand, and technological innovation.Recently, the global beauty and personal care raw material industry has undergone many new changes in regulatory updates, exhibition exchanges, and raw material iterations. It is not only a challenge, but also hides many opportunities.Among them, the category of
Emulsifier for cosmetics has become a focus under stricter compliance requirements and evolving formulation demands.
I.Industry regulatory update
1.EU "Cosmetics Regulation" (EC 1223/2009)
The European Union has always had particularly high safety requirements for cosmetic raw materials. The "Cosmetics Regulations" (EC 1223/2009) have been continuously updated to further regulate the use of raw materials in cosmetics.For commonly used raw materials like
Emulsifying wax, the listing of new regulations has a relative impact on its use concentration and impurity control in the production process.
For raw material suppliers, they have to spend more time studying the safety of raw materials to ensure that the raw materials supplied meet the requirements of the European Union.For cosmetic brands and formulators, the formula has to be adjusted. The original formula that used certain restricted raw materials has to find alternative raw materials, and the stability and efficacy tests have to be re-done. The cost and time of research and development have increased.
2.China "Safety and Technical Standards for Cosmetics"
STSC has refined the requirements for the use of raw materials a lot, and has clearer standards for the source and purity of raw materials.For example,
Coco glucoside, under the influence of the new regulations, its production quality control indicators have become stricter, just to ensure that it is safer to use in cosmetics.
This allows domestic raw material companies to accelerate technological upgrading, improve production processes, and ensure that the quality of raw materials meets specifications.At the same time, when cosmetic companies choose raw materials, they also pay more attention to compliance and quality, and the entire industry is developing in a more standardized and safer direction.
3.U.S. FDA and South Korea MFDS
The FDA and MFDS focus on strengthening the supervision of imported cosmetic raw materials, and require raw material suppliers to provide more complete safety data and compliance certificates.For those beauty personal care companies that have trade in multiple countries and regions, they have to meet the regulatory requirements of several places at the same time. This has also promoted the industry's emphasis on raw material compliance and accelerated the integration of the global beauty personal care raw material supply chain.
II.Industry exhibition exchange
1.The Shanghai PCHi Exhibition has a great influence in the field of domestic beauty and personal care raw materials, attracting many raw material companies, cosmetics brands and scientific research institutions around the world.At the exhibition, various cutting-edge beauty and personal care raw materials were revealed, including surfactants, emulsifiers, and hair care.
Mingya displayed the latest raw material products at the exhibition, communicated with customers in depth, and understood market needs.In addition, the exhibition will also hold professional forums, such as the 8th PCHi Personal Care Products Cosmetics Industry Leaders Summit in 2024. Experts will share the content of raw material technology innovation and regulatory interpretation, which provides many opportunities for exchanges for the development of the industry, and also promotes the integration of the domestic beauty and personal care raw material industry with international standards.
2.The BITEC exhibition in Bangkok, Thailand is an important platform for beauty and personal care raw material companies to explore the Southeast Asian market.The beauty and personal care market in Southeast Asia is growing rapidly, and the demand for raw materials is becoming more and more diverse.At the exhibition, raw material companies will showcase raw materials suitable for Southeast Asia's climate and consumer needs, such as oil control and sunscreen raw materials.
By participating in this exhibition, companies can better understand the characteristics and needs of the Southeast Asian market, establish cooperation with local cosmetics companies, and expand the market.At the same time, it has also brought the world's advanced raw material technology to Southeast Asia, promoting the development of the local beauty and personal care industry.
3.The Canton Fair is an important foreign trade exhibition platform in China, and it also provides support for the import and export trade of beauty and personal care raw materials.Many domestic raw material companies use the Canton Fair to connect with overseas buyers to promote their raw material products (such as our Oil in water emulsion), which has promoted the international trade cooperation of beauty and personal care raw materials, and also enhanced the influence of Chinese raw material companies in the global market.
III.Raw material iteration and price fluctuations
1.Innovation of raw material technology
As consumers demand more and more for the efficacy of beauty and personal care products, the innovation of raw material technology will not stop.In addition to the Emulsifying wax and Coco glucoside mentioned earlier, many new raw materials have emerged.For example, raw materials combined with biotechnology can solve skin problems more accurately; there are also raw materials of natural origin, which are very popular in the market because they are gentle, safe and effective.
2.Fluctuations in the price of some raw materials
Recently, the prices of raw materials like our new product PEOFA™ MYPGI3602 (polyglyceryl-2 diisostearate) have fluctuated.This is affected by many factors. On the one hand, internal factors such as the cost of raw materials for the production of raw materials and the complexity of the production process; on the other hand, changes in the relationship between market supply and demand are also very critical.If the market demand for a certain raw material increases, and the supply cannot keep up with the production cycle and production capacity, it may lead to price changes.
For cosmetic companies, fluctuations in raw material prices will affect production costs. They must meet the challenges and ensure the market competitiveness of their products by optimizing supply chain management and establishing long-term and stable cooperation with raw material suppliers.
IV.Industry development trend outlook
Judging from the current development of the beauty and personal care raw material industry, there will be these trends in the industry in the future.First of all, regulations and regulations will become more and more stringent, and the safety and compliance of raw materials will become the key to the development of enterprises.Secondly, the technological innovation of raw materials will pay more attention to efficacy and naturalness to meet the higher and higher needs of consumers.Once again, global market exchanges and cooperation will be closer, helping raw material companies expand a broader market.Finally, the price of raw materials will fluctuate more complicated under the combined action of market supply and demand and cost factors, and enterprises must improve the flexibility of the supply chain.
In general, the beauty and personal care raw material industry is in multiple changes driven by regulations, technological innovation, market expansion and price adjustment.Only by keeping up with changes in regulations, increasing technology research and development, actively participating in market exchanges and cooperation, and doing a good job in supply chain management can enterprises seize opportunities in the changes in the industry, continue to develop, and provide stronger support for the innovation and upgrading of beauty and personal care products.
Yichang Mingya New Material Technology Co., Ltd.
