Jinbo Bio-Pharmaceutical: Basic Research Should be Carried out carefully on Segmented Sector
- Chaileedo Press
- Oct 1, 2022
- 2 min read
Enterprise should address the immediate problems of consumers' concern.
The beauty industry has encountered various challenges this year. The total retail sales of consumer goods in China for cosmetics was 245.3 billion yuan(about $34.1 billion) from January to August 2022, down 6.4% year-on-year. However, China's efficacy skincare market has been growing rapidly in recent years, with a compound annual growth rate of 23.4%, and is expected to reach 41.1 billion yuan(about $5.7 billion) in 2022. CHAILEEDO invited Jin Xuekun, general manager of Shanxi Jinbo Bio-Pharmaceutical Co., Ltd. to share with us the cosmetic trends in China.
CHAILEEDO: What's the trend for new cosmetic ingredients next year?
Jin Xuekun: Used for years abroad, the ingredients verified by the international market that bears prominent efficacy will be the bellwether of new ingredients in China. This comes first.
Second is the ingredients produced by biotechnologies. China's biotechnology is advancing with each passing day, especially the the taking off of synthetic biology technology over the recent years, which enable microorganisms to efficiently produce active ingredients of all sorts needed by human beings through specific design, and is simultaneously in compliance with the green, low-carbon and sustainable development strategy of our country. We believe that, with the help of such state-of-the-art technology, more new cosmetic ingredients will be released before long.
CHAILEEDO: Will recombinant collagen get established and make it as the next hyaluronic acid?
Jin Xuekun: Although there is a gap between collagen and hyaluronic acid, the gap also means opportunity.
Quantity-wise, people who weighs 50kg contains 3 kg collagen or so while for the hyaluronic acid content, the figure is merely about 4g. Function-wise, hyaluronic acid is inert overall while the well-structured collagen is a kind of active protein. Category-wise, collagen can be divided into 28 categories, with each bearing unique physiological function, while hyaluronic acid has a relatively single structure and function.
Collagen precedes hyaluronic acid in discovery and application by two decades, the use of it, however, was subject to limitations due to safety and cost issues concerning animal protein extraction. But the booming technology such as gene recombination protein technology and protein structure prediction technology will untie the above-mentioned Gordian knots step by step. I believe there are bright prospects for the collagen market.
CHAILEEDO: What's the next breakthrough in efficacy cosmetics?
Jin Xuekun: I figure that it lies with addressing the immediate problems of consumers' concern, be it the efficacy, skin touch, smell, basic research shall be carried out carefully on segmented sector, thus producing excellent Chinese ingredients to emerge as a trustworthy brand for consumers in China.
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