The global K-beauty products market size reached US$ 12,136 Million in 2022. Looking forward, the publisher expects the market to reach US$ 22,236 Million by 2028, exhibiting a growth rate (CAGR) of 10.70% during 2023-2028. The escalating consumer demand for skincare products providing effective solutions, growing awareness and adoption of a comprehensive skincare routine, the increasing use of natural and unique ingredients, and the rising influence of social media and digital platforms, represent some of the key factors driving the market.
K-Beauty, also known as Korean Beauty, refers to skincare and cosmetic products that originate from South Korea. It has gained significant popularity worldwide for its innovative formulations, unique ingredients, and emphasis on achieving flawless, radiant skin. K-Beauty products are known for their effectiveness, affordability, and meticulous attention to detail. These products prioritize hydration, with many formulations containing humectants and hydrating ingredients to promote a plump, dewy complexion. K-Beauty brands are renowned for their cutting-edge technology and inventive product formulations. K-Beauty continually introduces new products, ranging from cushion foundations and sheet masks to ampoules and snail mucin creams, that cater to various skin concerns and deliver visible results. K-Beauty's influence extends beyond skincare, as it also encompasses makeup products. Korean cosmetics emphasize natural-looking finishes and often feature lightweight, buildable formulas that enhance one's natural beauty. In recent years, K-Beauty products have gained traction as they are designed to provide a fresh and youthful appearance.
K-Beauty, also known as Korean Beauty, refers to skincare and cosmetic products that originate from South Korea. It has gained significant popularity worldwide for its innovative formulations, unique ingredients, and emphasis on achieving flawless, radiant skin. K-Beauty products are known for their effectiveness, affordability, and meticulous attention to detail. These products prioritize hydration, with many formulations containing humectants and hydrating ingredients to promote a plump, dewy complexion. K-Beauty brands are renowned for their cutting-edge technology and inventive product formulations. K-Beauty continually introduces new products, ranging from cushion foundations and sheet masks to ampoules and snail mucin creams, that cater to various skin concerns and deliver visible results. K-Beauty's influence extends beyond skincare, as it also encompasses makeup products. Korean cosmetics emphasize natural-looking finishes and often feature lightweight, buildable formulas that enhance one's natural beauty. In recent years, K-Beauty products have gained traction as they are designed to provide a fresh and youthful appearance.
K-Beauty Products Market Trends:
One of the key drivers is the increasing consumer demand for skincare products that provide effective solutions for various skin concerns. K-beauty products are known for their innovative formulations and targeted treatments, catering to a wide range of skin types and issues. Other than this, the emphasis on achieving flawless, radiant skin has led to a surge in the demand for K-beauty products. Additionally, the growing awareness and adoption of a comprehensive skincare routine have significantly influenced the K-beauty market. The Korean skincare philosophy, which emphasizes preventive skincare and a multi-step regimen, has gained traction globally. Consumers are becoming more educated about the importance of proper skincare and are willing to invest time and effort in their skincare routines. The multi-step approach, with its focus on cleansing, toning, moisturizing, and targeted treatments, has become a mainstream trend, thus accelerating the product sales. Besides this, the use of natural and unique ingredients, such as botanical extracts, fermented ingredients and herbal remedies, due to the increasing consumer preference for clean and organic beauty products is further impelling market growth. Other than this, the rising influence of social media and digital platforms has played a significant role in the popularity of K-beauty products. For instance, the rise of beauty influencers, beauty blogs, and online communities has created a platform for sharing and promoting K-beauty trends and products. Social media platforms like Instagram and YouTube have also become hubs for showcasing K-beauty routines, product reviews, and tutorials, creating a global community of K-beauty enthusiasts. Consequently, the accessibility and visibility provided by these platforms have generated buzz about K-beauty products worldwide.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global K-beauty products market, along with forecasts at the global, regional, and country levels from 2023-2028. The report has categorized the market based on product type, distribution channel, and end user.Product Type Insights:
- Sheet Masks
- Cleansers
- Moisturizers
- Makeup
- Others
Distribution Channel Insights:
- Online Retail
- Supermarket/Hypermarket
- Specialty/Monobrand Stores
End User Insights:
- Male
- Female
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global K-beauty products market. Detailed profiles of all major companies have been provided. Some of the companies covered include Able C & C Ltd., Adwin Korea Corporation, Amorepacific Corporation, CLIO COSMETICS Co. Ltd., Cosrx Inc., LG H&H Co. Ltd. (LG Coproration), The Crème Shop Inc., The Face Shop Inc., Tonymoly Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global K-beauty products market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global K-beauty products market?
- What is the impact of each driver, restraint, and opportunity on the global K-beauty products market?
- What are the key regional markets?
- Which countries represent the most attractive tea market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the K-beauty products market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the K-beauty products market?
- What is the breakup of the market based on the end-user?
- Which is the most attractive end-user in the K-beauty products market?
- What is the competitive structure of the global K-beauty products market?
- Who are the key players/companies in the global K-beauty products market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global K-Beauty Products Market
6 Market Breakup by Product Type
7 Market Breakup by Distribution Channel
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
Companies Mentioned
- Able C & C Ltd.
- Adwin Korea Corporation
- Amorepacific Corporation
- CLIO COSMETICS Co. Ltd.
- Cosrx Inc.
- LG H&H Co. Ltd. (LG Coproration)
- The Crème Shop Inc.
- The Face Shop Inc.
- Tonymoly Co. Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 149 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 12136 Million |
Forecasted Market Value ( USD | $ 22236 Million |
Compound Annual Growth Rate | 10.6% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |