Editor’s Note: David Chang, managing director and senior consultant of Beijing-based legal regulatory services provider Odyssey Compliance Incorporation, spoke on ‘The Latest Compliance Analysis and Development Trend of Cosmetic Ingredients Market in China’ at NYSCC Suppliers’ Day in May 2024. David has summarized his speech for us again. It should help international raw material companies with excellent R&D technologies to better understand the Chinese market and explore new opportunities.
Introduction
As the world’s second-largest cosmetics market, China’s cosmetics new regulations and market development trends have been the focus of cosmetics and raw material companies. This speech will include: 1) Interpretation of new cosmetic ingredients (NCI) regulation in China; 2) Analysis of the demand of the current cosmetics consumer market in China; 3) Future trends of the industry according to the notified NCI.
