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Update news cosmetic market
The RoK’s annual cosmetics exports to Vietnam in 2023 increased by 122% compared to 2019, reflecting an average annual growth rate of 22.14%.
Artificial Intelligence is transforming many industries, including cosmetics, according to the leading market expansion services provider DKSH.
Out of 965 domestic production facilities, only 35 meet the standards set by ASEAN for good manufacturing practices in cosmetics.
Local cosmetics market still sees the dominance of foreign brands, urging local producers to focus on improving quality and promoting marketing strategies to expand market share.
Moisture lock capsule NNO has been named in the Top 10 at the Asia Excellent Brand Awards 2023, which is a strong affirmation of its quality and brand image.