Cosmax’s Hwaseong plant is now certified veganKorean cosmetics company Cosmax said Wednesday it has earned a vegan certificate for one of its production plants as the company moves to meet demand from the beauty industry in its capacity as a leading original design manufacturer.
The company gained the certification from France-based Expertise Vegan Europe for its plant in Hwaseong, Gyeonggi, for the production of animal-friendly items, it said. In order to earn the certificate, a production site must meet a number of criteria, such as not including ingredients of animal origin and not testing products on live animals.
“Demand for environmentally friendly items, such as vegan and halal products, has been multiplying in the global cosmetics market,” Cosmax CEO Lee Kyung-soo said in a statement. “We will continue to make new products that meet the various needs of our global clients.”
The global vegan cosmetics market is expected to grow at an annual average of 6.3 percent to reach $2.08 billion by 2025, Cosmax said, citing a report from U.S. market researcher Grand View Research.