The Anti-aging Business in China
Anti-aging has recently become female consumers’ top1 demand in the skincare sector and one of the most popular sectors for investors. There are some highlights worth noting in this booming sector:
- Big high-end brands still dominate this sector, such as lamer, Lancome, CPB, etc. Consumers do prefer international brands while purchasing anti-aging skincare products.
- Beauty devices are becoming more popular as an anti-aging tool.
- More consumers are embracing medical beauty because of its stronger efficacy.
Breaking! Japan Implements the New Japanese Standards of Quasi-drug Ingredients (JSQI 2021)
On March 25, 2021, Japan Ministry of Health, Labour and Welfare (MHLW) issued four documents, including the new Japanese Standards of Quasi-drug Ingredients (hereafter referred to as JSQI 2021), new List of Permitted Additives in Quasi-drugs, new Pre-market Application Rules of Quasi-drugs and a Collection of FAQs. In the above four documents, the ingredient standards are revised, and the corresponding pre-market application requirements of quasi-drug products are adjusted.