It is not every day that a biodiesel company branches out into the cosmetic ingredients market, but that is exactly what Hawaii-based Pacific Biodiesel has done.
As consumers and brands alike have recognised the connection between fitness and beauty in recent years, we spoke to Sharon Kwek, Senior Innovation and Insights Analyst, Beauty and Personal Care, Mintel, to see how this trend is developing.
Through free trade agreements, import tariffs on cosmetics will be reduced to 0-5%, paving the way for the Vietnam’s domestic market to develop its presence in APAC.