SOUTH KOREA VEGAN SKINCARE MARKET

INTRODUCTION

vegan beauty products contain no animal or animal-derived ingredients. This includes beeswax, honey, lanolin and dairy products, to name a few.

Korean skincare brand that boasts effectiveness, functionality and safety for sensitive skin, along with being cruelty-free. Using only necessary raw ingredients, their simple line-up provides all the essentials from cleaning and moisture to claiming and soothing. 

SOUTH KOREA VEGAN SKINCARE MARKET SIZE AND FORECAST

South Korea vegan skincare market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

South Korea’s Lotte Duty-Free Launches Vegan Cosmetics Range.lotte duty free the duty-free arm of South Korean retail giant Lotte, recently launched a range of vegan cosmetics through its online mall LDF BUY, which was inaugurated in June 2021.

LDF BUY will sell vegan cosmetic products made by Grown Alchemist – a natural skincare brand based in Australia, and Hunter Lab – a gender-inclusive skincare brand also from Australia. Products made by Kora Organics . 

South Korean vegan skincare brand Owndo helps bring out the inner beauty of both user and local producer.The move towards clean beauty is becoming a global trend with its advocacy of reducing harmful effects on the environment and human bodies.

Meanwhile, in the cosmetics industry of South Korea, there are budding signs that vegan cosmetics, a subsection of the clean beauty movement, will gain ground. A step up from organic products, vegan cosmetics refrain from using any animal-derived ingredients.

Skincare brand Owndo, which was launched in January 2020 by South Korean firm Blocally, is a vegan cosmetics brand that started through the idea of branding regional areas.

Company representative Ji-young Kim previously worked at one of South Korea’s major advertising agencies where she was involved in CSV (Creating Shared Value) campaigns for companies and local governments.Skincare brand Owndo, which was launched in January 2020 by South Korean firm Blocally, is a vegan cosmetics brand that started through the idea of branding regional areas.

Company representative Ji-young Kim previously worked at one of South Korea’s major advertising agencies where she was involved in CSV (Creating Shared Value) campaigns for companies and local governments.

COMPANY PROFILE

• Tatler Asia
• Seoulz
• Klaris
• AKOCO
• Hyprbae

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many vegan skincare are manufactured per annum in South Korea? Who are the sub-component suppliers in this region?
2. Cost breakup of a South Korea and key vendor selection criteria
3. Where is South Korea manufactured? What is the average margin per unit?
4. Market share of South Korea market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture South Korea in-house
6. key predictions for next 5 years in South Korea market
7. Average B-2-B pole mounted transformer market price in all segments
8. Latest trends in South Korea market, by every market segment
9. The market size (both volume and value) of the South Korea market in 2023-2030 and every year in between?
10. Production breakup of South Korea market, by suppliers and their OEM relationship