Skincare in South Korea - Research and Markets

Skincare in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The skincare market consists of the retail sale of facial care, body care, hand care, depilatories, and make-up remover products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2023 exchange rates.
The South Korean Skincare market had total revenues of $6.77 billion in 2023, representing a compound annual growth rate (CAGR) of 6.2% between 2018 and 2023.
Market consumption volume increased with a CAGR of 3.2% between 2018 and 2023, to reach a total of 763.4 million units in 2023.
The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.5% for the five-year period 2023 - 2028, which is expected to drive the market to a value of $8.05 billion by the end of 2028.

Scope

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

Reasons to Buy

What was the size of the South Korea skincare market by value in 2023?
What will be the size of the South Korea skincare market in 2028?
What factors are affecting the strength of competition in the South Korea skincare market?
How has the market performed over the last five years?
How large is South Korea’s skincare market in relation to its regional counterparts?

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 skincare market?
7.3. Which companies have been most successful in increasing their market shares in the last five years (2018-2023)?
7.4. Which companies market shares have suffered over the same period?
7.5. What are the most popular brands in the South Korean skincare market?
7.6. What have been the most significant M&A deals in the South Korea skincare market over the last three years (2020-2023)?

8 Company Profiles

8.1. Amorepacific Corp
8.2. LG Corp
8.3. The Estee Lauder Companies Inc
8.4. L'Oreal SA

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher

List of Tables

Table 1: South Korea skincare market value: $ million, 2018-23
Table 2: South Korea skincare market volume: million units, 2018-23
Table 3: South Korea skincare market category segmentation: % share, by value, 2018-2023
Table 4: South Korea skincare market category segmentation: $ million, 2018-2023
Table 5: South Korea skincare market geography segmentation: $ million, 2023
Table 6: South Korea skincare market distribution: % share, by value, 2023
Table 7: South Korea skincare market value forecast: $ million, 2023-28
Table 8: South Korea skincare market volume forecast: million units, 2023-28
Table 9: South Korea skincare market share: % share, by value, 2023
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: The Estee Lauder Companies Inc: key facts
Table 17: The Estee Lauder Companies Inc: Annual Financial Ratios
Table 18: The Estee Lauder Companies Inc: Key Employees
Table 19: The Estee Lauder Companies Inc: Key Employees Continued
Table 20: L'Oreal SA: key facts
Table 21: L'Oreal SA: Annual Financial Ratios
Table 22: L'Oreal SA: Key Employees
Table 23: L'Oreal SA: Key Employees Continued
Table 24: South Korea size of population (million), 2019-23
Table 25: South Korea gdp (constant 2005 prices, $ billion), 2019-23
Table 26: South Korea gdp (current prices, $ billion), 2019-23
Table 27: South Korea inflation, 2019-23
Table 28: South Korea consumer price index (absolute), 2019-23
Table 29: South Korea exchange rate, 2019-23

List of Figures

Figure 1: South Korea skincare market value: $ million, 2018-23
Figure 2: South Korea skincare market volume: million units, 2018-23
Figure 3: South Korea skincare market category segmentation: $ million, 2018-2023
Figure 4: South Korea skincare market geography segmentation: % share, by value, 2023
Figure 5: South Korea skincare market distribution: % share, by value, 2023
Figure 6: South Korea skincare market value forecast: $ million, 2023-28
Figure 7: South Korea skincare market volume forecast: million units, 2023-28
Figure 8: Forces driving competition in the skincare market in South Korea, 2023
Figure 9: Drivers of buyer power in the skincare market in South Korea, 2023
Figure 10: Drivers of supplier power in the skincare market in South Korea, 2023
Figure 11: Factors influencing the likelihood of new entrants in the skincare market in South Korea, 2023
Figure 12: Factors influencing the threat of substitutes in the skincare market in South Korea, 2023
Figure 13: Drivers of degree of rivalry in the skincare market in South Korea, 2023
Figure 14: South Korea skincare market share: % share, by value, 2023

Companies Mentioned (Partial List)

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

Amorepacific Corp
LG Corp
The Estee Lauder Companies Inc
L'Oreal SA

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Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

Related Topics

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