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Upcycled ingredients still linked with lower prices and quality in SEA

The concept of upcycled ingredients has yet to be fully appreciated in some parts of Asia, particularly in South East Asian countries like Thailand, where consumers tend to link it with lower prices and quality, says one supplier.

Trending: Upcycled Cosmetics, Circular Beauty

According to alliedmarketresearch, the estimated market size of upcycled cosmetic ingredients was valued at $231.5 million in 2021 and expected to reach $433.5 million by 2031, growing at a CAGR of 6.6%.

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