The vegan cosmetics market is growing every year. Global trends are also in line. Statista, a global market research firm, estimated the size of the global vegan cosmetics market to be 17 trillion won last year. Latest growth rates will lead vegan cosmetics market to rise 23 trillion won by 2025, growing at an average annual growth rate of 6.3%.
The era of vegetarianism, which goes beyond a vegetarian diet by eating plants or fruits, has begun, where skin care and adornment are made with plant ingredients. Veganism, which started in Europe and America, is an expanding movement to protect animal rights. Veganism has established itself as a trend that affects not only food, but also cosmetics, fashion, and household items, as well as overall life.
In the US, the craze for vegan cosmetics is strong. ‘Eco-friendly’, ‘sustainability’, ‘carbon neutrality’ and ‘plant-based’ have emerged as representative keywords in the US beauty market. This is why domestic companies that are about to export to the United States should pay attention to vegan certification.
The BeVeg system, a representative vegan certification used in the US and global markets, will be implemented for the first time in Korea.
BeVeg, a US vegan certification, is applied not only to cosmetics, but also to foods, health functional foods, and pharmaceuticals. BeVeg is provided from finished cosmetic products to processes and services. It is an international standard that guarantees the vegan conformity of products and manufacturing processes. Cosmetic brand companies, raw material companies, manufacturing plants, subdivision companies, and distributors can acquire BeVeg certification, and can benefit as it is expected for vegan cosmetics market to rise globally.
In particular, NSF International has ISO/IEC 17065 certification to provide BeVeg vegan certification. Currently, NSF International is the only vegan auditing body in Korea that has applied this standard, which is ISO 17065 ‘Requirements for product, process and service certification bodies’.
NSF International is a strategy to broaden the way for domestic cosmetics companies to export to the US by introducing BeVeg, a credible US vegan certification.
NSF International and TNC Certification Institute held the ‘Vegan Certification for American Market Entry’ seminar at COEX , Samseong-dong, Seoul.
In this seminar, the latest consumption trend of US consumers and the benefits of BeVeg certification (NSF International Branch Manager Yang Kyung-hee). BeVeg certification standards and requirements (NSF International product certification team leader Lee Sang-hyo) Preparations for vegan certification (Kim Kwan-jung, Ph.D., TNC Certification Institute) etc. are explained.
TNC Certification Institute, a cosmetics and food consulting agency, is in charge of marketing and consulting for BeVeg Vegan certification in cooperation with NSF International.
Hong Young-bae, CEO of TNC Certification Institute, said, “K-beauty and K-food are popular amid the K-culture craze. Consumer interest in vegan certification has also increased in line with the trend of value consumption. “He said.
An NSF International official said, “NSF is an American institution that develops and enacts US national and international standards. It provides organic, Non-GMO, and gluten-free certifications from the US Department of Agriculture. Inspects and reviews the safety and quality of food and water, etc. I have a role to play,” he said.
He continued, “NSF International, the Korean branch of NSF, is the only certification body in Korea that has obtained ISO17065. It issues vegan certification that meets global standards. It is helpful for export by carefully examining whether it is a vegan certification that is practically used abroad and whether it meets international standards,” he said.
He emphasized, “BeVeg Vegan certification is highly reliable in the global market, including the US. Products with the BeVeg vegan certification logo can gain public confidence from consumers around the world.”
Original article posted in Korean on the rise of the Vegan cosmetic market here.