MooGoo breaks into lucrative Korean skincare market

MooGoo breaks into lucrative Korean skincare market

Gold Coast-based natural skin care company MooGoo has scored a lucrative deal with a major South Korean player as it says interest from Asia in its products is rapidly growing.

MooGoo has filled a $100,000 first order for its natural skin care range from South Korea's Green Cross, one of the world's leading biopharmaceutical companies with affiliated firms across the globe.

MooGoo Founder Craig Jones says international interest in his range, which has grown to more than 40 products as well as three spin-off brands, has significantly increased in recent months.

"We often have enquiries about our products from the Asian region, but this first order from South Korea's Green Cross is important and I hope it will encourage other international companies dealing in consumer healthcare to place similar orders to fulfil their market needs," says Jones.

"South Korean consumers are traditionally strongly image-conscious, and given the ageing population, consumers are keen to invest in skin care.

"This is particularly clear to me as a major part of the order is for our natural Anti-Ageing Face Cream. Our Anti-Ageing Cream 'tops up' up the skin's Squalene, which is one of the major components of the skin's own oil, sebum. I understand that the Korean company was especially interested in this product and our other speciality skin care products including the natural Brightening Cream."

The cosmetic industry in South Korea is currently one of the fastest growing markets for beauty and personal care, with the market estimated at US$12 billion in terms of retail sales in 2016.

Most of MooGoo's creams are made on the Gold Coast, while hair products are made in Sydney and other products, such as lip balms, are made in Perth where the company started.

The MooGoo brand was born when on of the senior members of the business revealed his mother was using a product made for cows for her skin condition.

"The 'Udder Cream' being used in dairy farms was designed to help keep the skin on cow's udders in prime condition for milking," Jones says.

"Cow's udders need to be soft and supple, not dry or cracked. However, the original Udder Cream his mother used was very thick to apply. So, he set about adapting this cream for humans by making it lighter and non-greasy."

Jones now has 40 local staff members as well as a team in the United Kingdom and while MooGoo uses plenty of cow-based puns, Jones points out that the products are not actually made from cow's milk.

"The name MooGoo was because of our first cream, the Udder Cream.

"There definitely is no milk in there! Mixing milk into skin care would make it almost impossible to keep fresh and bacteria free."

MooGoo products range includes natural deodorant, dental care, cleansers, shampoo and conditioner, conditioner, oils and serums, eczema and Psoriasis cream and sunscreen.


Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

SMEs urged to consider business insurance to mitigate financial risks
Partner Content
A single “bad luck” incident could cause financial disaster for many Australian sma...
Advertisement

Related Stories

Sydney open banking app Waave snapped up by UK fintech Banked

Sydney open banking app Waave snapped up by UK fintech Banked

More than a year after securing $4.7 million in a seed funding roun...

Dubber launches $25m raise to power recovery under new CEO

Dubber launches $25m raise to power recovery under new CEO

With a new boss at the helm, software company Dubber (ASX: DUB) is ...

Appen returns to underlying profitability, rattles the tin for $50m to fund GenAI opportunities

Appen returns to underlying profitability, rattles the tin for $50m to fund GenAI opportunities

After pulling itself up by the bootstraps when a major contract fel...

Do class actions against ‘flex commission’ car loans mean consumer voices are getting stronger?

Do class actions against ‘flex commission’ car loans mean consumer voices are getting stronger?

It’s been more than five years since the banking royal commis...