Pros:
– Environmentally friendly products are becoming increasingly popular, creating demand for green beauty products.
– Fewer chemicals used in production can make the manufacturing process cheaper.
– Customers may be willing to pay a premium for green beauty products, allowing for higher profit margins.
Cons:
– Initial startup costs may be higher due to the ingredients required and specialized production equipment.
– It can be difficult to source green ingredients that meet quality standards at a reasonable cost.
– Regulations surrounding cosmetic production are strict, requiring additional compliance measures.