South Korea Suncare Market Summary, Competitive Analysis and Forecast to 2027

Report
42 Pages
April 2023
Region: South Korea
MarketLine
ID: 5782242

Suncare in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The suncare market consists of the retail sale of sun protection, after-sun and self-tan products. The sun protection segment consists of lotion, spray, gel or other topical product that absorbs or reflects some of the sun's ultraviolet (UV) radiation. The after-sun segment consists of all mass and premium moisturizing cream formulated for sunburned skin. The self-tan segment consists of all mass and premium products that either enhance natural tanning (tanning aids) or allow the skin to tan without developing exposure to the sun. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 exchange rates.
The South Korean Suncare market had total revenues of $584.9 million in 2022, representing a compound annual growth rate (CAGR) of -1.1% between 2017 and 2022.
Market consumption volumes declined with a CAGR of -3.1% between 2017 and 2022, to reach a total of 27 million units in 2022.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 3.1% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $682.7 million by the end of 2027.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the suncare market in South Korea
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the suncare market in South Korea
Leading company profiles reveal details of key suncare market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the South Korea suncare market with five year forecasts

Reasons to Buy

What was the size of the South Korea suncare market by value in 2022?
What will be the size of the South Korea suncare market in 2027?
What factors are affecting the strength of competition in the South Korea suncare market?
How has the market performed over the last five years?
What are the main segments that make up South Korea's suncare market?

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value
3.2. Market volume

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution

5 Market Outlook

5.1. Market value forecast
5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share
7.2. Who are the leading players in the South Korean suncare market?
7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2017-2022)?
7.4. What are the most popular brands in the South Korea suncare market?

8 Company Profiles

8.1. Amorepacific Corp
8.2. LG Corp
8.3. Shiseido Company, Limited
8.4. Missha Us Inc

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. About the Publisher

List of Tables

Table 1: South Korea suncare market value: $ million, 2017-22
Table 2: South Korea suncare market volume: million units, 2017-22
Table 3: South Korea suncare market category segmentation: % share, by value, 2017-2022
Table 4: South Korea suncare market category segmentation: $ million, 2017-2022
Table 5: South Korea suncare market geography segmentation: $ million, 2022
Table 6: South Korea suncare market distribution: % share, by value, 2022
Table 7: South Korea suncare market value forecast: $ million, 2022-27
Table 8: South Korea suncare market volume forecast: million units, 2022-27
Table 9: South Korea suncare market share: % share, by value, 2022
Table 10: Amorepacific Corp: key facts
Table 11: Amorepacific Corp: Annual Financial Ratios
Table 12: Amorepacific Corp: Key Employees
Table 13: LG Corp: key facts
Table 14: LG Corp: Annual Financial Ratios
Table 15: LG Corp: Key Employees
Table 16: Shiseido Company, Limited: key facts
Table 17: Shiseido Company, Limited: Annual Financial Ratios
Table 18: Shiseido Company, Limited: Key Employees
Table 19: Shiseido Company, Limited: Key Employees Continued
Table 20: Shiseido Company, Limited: Key Employees Continued
Table 21: Missha Us Inc: key facts
Table 22: South Korea size of population (million), 2018-22
Table 23: South Korea gdp (constant 2005 prices, $ billion), 2018-22
Table 24: South Korea gdp (current prices, $ billion), 2018-22
Table 25: South Korea inflation, 2018-22
Table 26: South Korea consumer price index (absolute), 2018-22
Table 27: South Korea exchange rate, 2018-22

List of Figures

Figure 1: South Korea suncare market value: $ million, 2017-22
Figure 2: South Korea suncare market volume: million units, 2017-22
Figure 3: South Korea suncare market category segmentation: $ million, 2017-2022
Figure 4: South Korea suncare market geography segmentation: % share, by value, 2022
Figure 5: South Korea suncare market distribution: % share, by value, 2022
Figure 6: South Korea suncare market value forecast: $ million, 2022-27
Figure 7: South Korea suncare market volume forecast: million units, 2022-27
Figure 8: Forces driving competition in the suncare market in South Korea, 2022
Figure 9: Drivers of buyer power in the suncare market in South Korea, 2022
Figure 10: Drivers of supplier power in the suncare market in South Korea, 2022
Figure 11: Factors influencing the likelihood of new entrants in the suncare market in South Korea, 2022
Figure 12: Factors influencing the threat of substitutes in the suncare market in South Korea, 2022
Figure 13: Drivers of degree of rivalry in the suncare market in South Korea, 2022
Figure 14: South Korea suncare market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Amorepacific Corp
LG Corp
Shiseido Company, Limited
Missha Us Inc

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Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

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About the Market