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LĄŻOreal (China) R&D Center visited SIRC-TCM
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Dec. 11, 2014
LĄŻOreal global purchase team and LĄŻOreal (China) R&D Center management
team visited SIRC-TCM on Dec. 11, 2014. LĄŻOreal and SIRC-TCM conducted a comprehensive
discussion on the projects we have collaborated and the new research modes in the
near future. LĄŻOreal spoke highly of SAPHRONTM TCM Database and hoped to further
explore herbal cosmetic market in China by creating new research models.
According to recent data from SAPHRONTM Database market investigation,
the total market of herbal cosmetics has reached 16 billion USD and the CAGR is
about 10-20% per year. Based on most market researches, natural origin botanical
cosmetics development will be one of the main trends in these years.
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