Health & Beauty Retailing Trends in South Korea Discussed by Conlumino in Topical Research Report Available at MarketPublishers.com
03 Mar 2016 • by Natalie Aster
LONDON – The South Korean health and beauty retailing market reached the value of KRW 16,068 billion in the year 2014. The country’s market value is likely to continue rising, registering a 6.5% CAGR through 2019, and by 2019 it is expected to amount to KRW 22,043 billion. Growth of the South Korean market for health and beauty products retailing is fuelled by a number of factors including expanding urbanisation, improving economic conditions, rising number of female workforce and increasing health awareness, among others.
The major part of products is sold via offline channels like super- and hyper-markets, drug stores, department stores and special health and beauty stores. However, the online shops gain more and more population among the local consumers due to certain advantages they provide. For instance, in 2014 the share of online spending on health and beauty products in the total retail sales in the South Korean health and beauty retailing market was estimated at 13%.
Topical research study “Health and Beauty Retailing in South Korea - Market Summary and Forecasts” prepared by Conlumino offers a deep analysis of the health and beauty products retailing market in South Korea, provides reliable statistics historical and forecast and also discusses the major trends and developments. The report describes the regulative environments, sheds light on the market growth drivers and limiters as well as outlines the top market growth opportunities and characterises the key challenges. The competitive landscape and leading players are covered in the study, too. Moreover, a comprehensive future outlook for the South Korean health and beauty products retailing market is included in the repot.
Health and Beauty Retailing in South Korea - Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2019
Published: December, 2015
Price: US$ 1,250.00
More reports prepared by this publisher are available in the Conlumino’s catalogue.