Interview: What are the Gaps Between China and International in Cosmetic Ingredients?

Win in functionalities and fight the future. On September 22, the 5th China Cosmetics Trend Conference and China Cosmetics Efficacy Trend Exhibition hosted by CHAILEEDO were held in Hangzhou with the theme of "Winning in Functionalities".

Giant Biogene is the leader of recombinant collagen in China, and the first company in the world to successfully develop and industrialize recombinant collagen skincare products. Today, we invited Mr. Duan Zhiguang, Senior Vice President of Giant Biogene, to discuss with us the market trend of functional products in China.

Q: We are honored to invite Mr. Duan Zhiguang, Senior Vice President of Giant Biogene, to give us an analysis of the cosmetics market in China. First of all, we would like to know what will be the characteristics of the development of Chinese functional skincare products?

A: The current functional skincare products are mainly based on mild formulas and bioactive ingredients as one of their selling points, which is a new concept presented to consumers. It can be seen from the public information that the CAGR of functional skincare products containing bioactive ingredients will reach 40% from 2021 to 2027, and the entire market will reach 200 billion by 2027.

Q: What are the trends of recombinant collagen market in China?

A: Recombinant collagen itself is a kind of bioactive material. With the strengthening of market education and consumers' recognition of this functional skincare product based on bioactive ingredients, the penetration rate of the entire market will increase gradually.

Q: what are the gaps between Chinese cosmetic raw materials and international raw materials?

A: From the perspective of technologies, the gap should be getting smaller and smaller, or we can say we have surpassed international in some fields, such as recombinant collagen, which was implemented in our country on August 1, 2022. Biopharmaceutical industry standard recombinant collagen, and we are currently drafting international standards, and the companies that draft international standards are also our domestic companies, which is equivalent to saying that we have been recognized by international counterparts. Has been in the forefront of the international.

From the perspective of raw materials, these core raw materials, we will have more and more raw materials in the future, which will be at the forefront of the world. Although some of our basic raw materials have some gaps with some big international brands and some big manufacturers in the early days, in general the gap is getting smaller and smaller, and the progress is huge.

Q: We have learned that Giant Biogene is the leader in our recombinant collagen market in China. What methods does Giant Biogene take to maintain its leadership?

A: We, Giant Biogene, have experienced 22 years of development in the field of recombinant collagen. During these 22 years, we have built a synthetic biology technology platform that is difficult to replicate. There are four major technology systems under this technology platform. Including gene recombination, cell factory construction, fermentation, separation and purification, each link has unique leading technological advantages, so it is difficult for our competitors to copy them when they are stacked together.

And we have 33 recombinant collagens, building a huge molecular library, we are far ahead of our competitors in quantity and variety, which allows us to always be in a relatively leading position in this industry.

Q: We also learned that Giant Biogene has released the application of recombinant collagen in dermatology and skin care. What impact will this application have on the collagen market?

A: First of all, a prerequisite for the release of this application is the release of our industry standard recombinant collagen. In the standard of recombinant collagen, we have formulated the quality standard and standardized detection method of this recombinant collagen.

The release of this application is equivalent to the accumulation of experienced people in this industry, reaching a consensus, establishing a standardized method, bringing new technologies and new concepts, which together will bring our consumers More practical and effective information will give us an important reference for the application of recombinant collagen in the field of skincare and professional skincare in the future.

Q: What do you think are the characteristics of consumers who currently use recombinant collagen?

A: The characteristic is that their professional knowledge is enriched, and then they become more rational and professional, instead of superstitious big names, only believe in efficacy, and believe in our own scientific and technological strength.