Opportunities and Threats in The Development of The Vegan Cosmetics Market

In recent years, cosmetics such as skin creams, face masks, oral care products, nail and hair care items that do not contain ingredients derived from animals have become increasingly popular in Vietnam. These are vegan cosmetics made from natural plant based, gentle ingredients, and not tested on animals. Hence, the vegan cosmetics market in Vietnam has become vibrant recently. The article below, using desk research and sociological surveys, first provides readers with an understanding of vegan cosmetics and an overview of the global vegan cosmetics market. It then analyzes the opportunities and challenges for the development of the vegan cosmetics market, such as issues with raw materials in terms of quality and quantity, high costs, and intense competition. Based on this, the research group proposes solutions and recommendations for businesses, consumers, and regulatory agencies to help promote the development of the vegan cosmetics market in the near future.