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South Korean Vegan Cosmetics: Market Opportunities and Legal Provisions

The number of vegetarians/vegans in South Korea is over 1.5 million, indicating the tremendous market potential of vegan cosmetics in South Korea. South Korean brands such as ABLE C&C, LF, and Reduire launched new vegan cosmetic products in 2020. "Vegan Certification" can significantly affect consumers' purchasing tendencies, and is an essential part of vegan product promotion and marketing. Vegan certifications from both foreign and domestic agencies are acceptable.

Vegan cosmetics” is a new trend. According to the Grand View Research report [1], the global vegan cosmetics market size is projected to hit USD 20.8 billion by 2025, progressing at a CAGR of 6.3% during the forecast period.

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