Investment into sustainable cosmetics material development South Korea 2020-2022

Published by
Nina Jobst,
Jun 26, 2024
According to investment plans made for the South Korean beauty industry in 2019, investments into eco-friendly and sustainable cosmetics materials were estimated to reach around 3.2 billion South Korean won by 2022, an increase from the 2.4 billion won expected by 2020. This assumed increase in R&D spending in sustainable materials in the cosmetics industry came to be in line with cosmetics consumption trends later on.

Planned investment in eco-friendly sustainable cosmetics material development from 2020 to 2022 (in billion South Korean won)

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Release date

April 2023

Region

South Korea

Survey time period

2019

Method of interview

Online survey

Supplementary notes

* 9 months only.

Release date is the date of data access.
1,000 South Korean won equals 0.75 U.S. dollars or 0.68 euro as of May 2023.

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