12 NEWS
K-Beauty exports top $10 billion for first time
Korean cosmetic exports rose by a fifth in 2024 and hit US$10 billion for the first time, according to official figures. The Korean Ministry of Food
and Drug Safety reported that cosmetic product exports totalled a record $10.2 billion last year, a 20.6% year-on-year increase. The previous record was $9.2
billion, set in 2021. Skin care products led
exports at $7.67 billion, followed by makeup at $1.35 billion and cleansing products at $470m. China topped the list as
the largest importer of Korean cosmetics, accounting for $2.5 billion – around 24.5% of total exports.
The USA followed with $1.9
billion, up $690m on 2023, marking a 57% year-on-year increase. Data from the Korea Customs
Service showed that skin care exports to the US rose more than threefold to $815.1m in 2024.
Colour cosmetics exports to the
US market more than doubled over the same period, to $267.8m from $124m. Japan was third on the list
with a total of $1 billion worth of cosmetic product exports. Colour makeup products to
Japan rose by 1.6 times to $316.6m from $196.9m over the period. Exports of basic cosmetics to
Japan increased by 1.3 times to $258.4m from $202m.
Vividye eyes colour cosmetics for pigments technology
Swedish startup Vividye is eyeing cosmetic products as an outlet for its environmentally friendly functionalized pigments. Unlike traditional dyes, which
are small molecules that can penetrate materials, Vividye’s functionalized pigments are larger particles designed to adhere to surfaces without dissolving in water.
This makes them safer for skin
and hair and easier to filter from water.
The technology is also
adaptable, offering a way to create vibrant and long-lasting colours across various applications. The Gothenburg-based
company, originating from Chalmers University of Technology and backed by Chalmers Ventures, is extending the application of its pigment solution from textiles to cosmetics. This will provide safer, non-
toxic solutions for colouring cosmetics used in hair colour, make-up and lipstick, for instance.
PERSONAL CARE February 2025 “Moving into cosmetics felt like
a natural next step. The cosmetics industry faces distinct challenges, including stringent regulatory demands and high consumer expectations for product safety and environmental sustainability,” said Vividye CEO Johanna Nissén Karlsson. “Our technology offers a better
alternative to traditional dyes, and we’ve seen a growing need for this in products that people use on their skin and hair. We’re excited to bring a solution that can make a real difference,” she added.
Other key importers include
Hong Kong, Vietnam, Russia and Taiwan. The UAE broke into the top ten
in 2024, displacing Malaysia. Minister of Food and Drug
Safety Oh Yu-Kyoung said: “We will strengthen cooperation between countries and support them to raise quality competitiveness that meets global standards in response to safety evaluations in countries like China and the US.”
PCHi international ingredient track
revealed The organiser of this month’s Personal Care and Homecare Ingredients (PCHi) trade show in Guangzhou, China has revealed the line-up for the International Ingredient Technology conference track partnered by Personal Care Global magazine. Top-line representatives from
Evonik, Lucas Meyer Cosmetics, Provital, Amorepacific China and Gattefossé will each give presentations during the session on 19 February at the China Import and Export Fair Complex Guangzhou. Speakers include Lucas Meyer
Cosmetics by Clariant global R&D director Mathilde Frechet, who will speak on ‘Emotional cosmetics: exploring the skin- brain connection for holistic wellbeing’. After the five presentations
from 13:30 to 16:00, there will be a panel discussion moderated by Personal Care Global editor Tim Probert.
DKSH attains responsible distributor certification
Personal care ingredient supplier DKSH has attained the US Alliance for Chemical Distribution’s (ACD) responsible distribution verification. The certifications verify
compliant facilities based on guiding principles that include strict adherence to laws and regulations, as well as collaboration with stakeholders to develop responsible practices that protect the community, workplace, and environment. Participation offers insight
to methods that help to mitigate the risk of safety and
environmental incidents, and the promotion of safer and more socially responsible business practices. It also offered improved
communication with local communities, and continuous progress in sustainability and innovation, all while ensuring compliance with regulatory requirements. Eric R. Byer, ACD President
and CEO, said: “Responsible distribution is critical to the chemical distribution industry’s ability to safely deliver more than 500 million tons of essential ingredients every year. “Through their successful
verification, DKSH has committed to the continuous improvement of the chemical distribution industry’s responsible management and handling of chemicals that ensure ACD members effectively support industries the USA relies on most,” he added.
www.personalcaremagazine.com
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