International Companies
Chinese clothing group Youngor is interested in acquiring French skin care fragrance brand Bonpoint. The Bonpoint brand is likely to be valued at around 200 million euros, or about 1.537 billion yuan.
According to Reuters, global consumer goods giant Procter & Gamble announced that itis doubling down on its bet on China’s fast-growing shopping app Douyin.
Ingredients
In 2023, China’s market for recombinant collagen products reached 29.01 billion yuan, and it is predicted that the market size covered by recombinant Type Vcollagen in 2024 will range from 3.25 billion yuan to 22.93 billion yuan, with a growth rate of about 10%.
Apeloa, a leading pharmaceutical manufacturer, announced the establishment of the medical beauty and cosmetic raw materials Division, an important step into the beauty field. Headquartered in Zhejiang Province, the company has a registered capital of 1.178 billion yuan and more than 7,000 employees.
Trends and Market
In the first three quarters of this year, the scale of Chinese cosmetics purchased directly by South Korean consumers through e-commerce platforms increased by 60.7% year-on-year to 165.4 billion won (equivalent to 850 million yuan).
In the past year, the online sales of eye care (GMV) reached 15.7 billion yuan, an increase of 12.1%. Among all kinds of eye care products, eye serum GMV increased most significantly, with a year-on-year growth rate of 51.7%.