Global K-beauty Products Market Size study & Forecast, by Product (Skin Care, Hair Care), by End-user (Men, Women), by Distribution Channel (Supermarkets and Hypermarkets, Specialty stores, Online, Pharmacies), and Regional Analysis, 2023-2030
Global K-beauty Products Market is valued approximately at USD 91.99 billion in 2022 and is anticipated to grow with a growth rate of more than 9.50% over the forecast period 2023-2030. The K-beauty products market refers to the global market for beauty and skincare products that originate from South Korea. K-beauty, short for Korean beauty, has gained widespread recognition and popularity due to its innovative formulations, unique ingredients, and emphasis on skincare routines. The major driving factors for the Global K-beauty Products Market are rising influential marketing and growing disposable income. Moreover, rising personal care industry and growing e-commerce industry is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
According to the Korean National Statistical Office, the online sales of cosmetics in South Korea totaled USD 9.6 billion in 2021, reflecting a 1.6 percent decrease compared to the previous year. However, despite this slight decline, the personal care market is still projected to experience growth in developing nations, presenting significant potential for the market to flourish in the forecast period. However, the high cost of K-beauty Products stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global K-beauty Products Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia-Pacific region is dominating over the forecast period, including countries such as China, Japan, and India which have emerged as a key market for K-beauty products. In China, there is a growing interest in K-beauty skincare routines and products, particularly among younger consumers. Japan has a strong consumer base for skincare and makeup products, and K-beauty brands have gained popularity for their unique formulations. India has also seen an increase in demand for K-beauty products, driven by rising awareness and a preference for natural and holistic skincare. The K-beauty trend has made a significant impact in North America, particularly in the United States. American consumers have shown great interest in K-beauty products due to their innovative ingredients, advanced skincare technologies, and effective results. Many K-beauty brands have expanded their presence in the region through partnerships with retailers and online platforms.
Major market player included in this report are:
BANILLA CO
AMOREPACIFIC
The Cr?me Shop
Themis Solutions Inc. (Clio)
CARVER KOREA CO. (Unilever)
Able C&C
The Face Shop, Inc.
Nature Republic Co. Ltd
TolyMoly Co. Ltd
LG Household & Health Care Ltd.
Recent Developments in the Market:
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Skin Care
Hair Care
By End-user:
Men
Women
By Distribution Channel:
Supermarkets and Hypermarkets
Specialty stores
Online
Pharmacies
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
According to the Korean National Statistical Office, the online sales of cosmetics in South Korea totaled USD 9.6 billion in 2021, reflecting a 1.6 percent decrease compared to the previous year. However, despite this slight decline, the personal care market is still projected to experience growth in developing nations, presenting significant potential for the market to flourish in the forecast period. However, the high cost of K-beauty Products stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global K-beauty Products Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia-Pacific region is dominating over the forecast period, including countries such as China, Japan, and India which have emerged as a key market for K-beauty products. In China, there is a growing interest in K-beauty skincare routines and products, particularly among younger consumers. Japan has a strong consumer base for skincare and makeup products, and K-beauty brands have gained popularity for their unique formulations. India has also seen an increase in demand for K-beauty products, driven by rising awareness and a preference for natural and holistic skincare. The K-beauty trend has made a significant impact in North America, particularly in the United States. American consumers have shown great interest in K-beauty products due to their innovative ingredients, advanced skincare technologies, and effective results. Many K-beauty brands have expanded their presence in the region through partnerships with retailers and online platforms.
Major market player included in this report are:
BANILLA CO
AMOREPACIFIC
The Cr?me Shop
Themis Solutions Inc. (Clio)
CARVER KOREA CO. (Unilever)
Able C&C
The Face Shop, Inc.
Nature Republic Co. Ltd
TolyMoly Co. Ltd
LG Household & Health Care Ltd.
Recent Developments in the Market:
- In July 2022, Saturday Skin, a skincare brand, joined forces with Nykaa to strengthen its footprint in the Indian market. The collaboration aimed to provide a wide range of Saturday Skin skincare products through the Nykaa website and mobile app.
- In November 2022, L'Orйal unveiled the introduction of a new line called C-Beauty, K-Beauty, and J-Beauty, created in collaboration with Shihyo, a Korean brand. This product range incorporates 24 herbal ingredients that have been infused with fermented rice and other innovative Asian techniques.
- Historical Data – 2020 - 2021
- Base Year for Estimation – 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Product, End-user, Distribution Channel, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Skin Care
Hair Care
By End-user:
Men
Women
By Distribution Channel:
Supermarkets and Hypermarkets
Specialty stores
Online
Pharmacies
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. K-beauty Products Market, by region, 2020-2030 (USD Billion)
1.2.2. K-beauty Products Market, by Product, 2020-2030 (USD Billion)
1.2.3. K-beauty Products Market, by End-user, 2020-2030 (USD Billion)
1.2.4. K-beauty Products Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL K-BEAUTY PRODUCTS MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL K-BEAUTY PRODUCTS MARKET DYNAMICS
3.1. K-beauty Products Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing influential marketing
3.1.1.2. Growing disposable income
3.1.2. Market Challenges
3.1.2.1. High Cost of K-beauty Products
3.1.2.2. Risk of counterfeit products
3.1.3. Market Opportunities
3.1.3.1. Rising personal care industry
3.1.3.2. Growing e-commerce industry
CHAPTER 4. GLOBAL K-BEAUTY PRODUCTS MARKET: INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL K-BEAUTY PRODUCTS MARKET, BY PRODUCT
5.1. Market Snapshot
5.2. Global K-beauty Products Market by Product, Performance - Potential Analysis
5.3. Global K-beauty Products Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. K-beauty Products Market, Sub Segment Analysis
5.4.1. Skin Care
5.4.2. Hair Care
CHAPTER 6. GLOBAL K-BEAUTY PRODUCTS MARKET, BY END-USER
6.1. Market Snapshot
6.2. Global K-beauty Products Market by End-user, Performance - Potential Analysis
6.3. Global K-beauty Products Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
6.4. K-beauty Products Market, Sub Segment Analysis
6.4.1. Men
6.4.2. Women
CHAPTER 7. GLOBAL K-BEAUTY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
7.1. Market Snapshot
7.2. Global K-beauty Products Market by Distribution Channel, Performance - Potential Analysis
7.3. Global K-beauty Products Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. K-beauty Products Market, Sub Segment Analysis
7.4.1. Supermarkets and Hypermarkets
7.4.2. Specialty stores
7.4.3. Online
7.4.4. Pharmacies
CHAPTER 8. GLOBAL K-BEAUTY PRODUCTS MARKET, REGIONAL ANALYSIS
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. K-beauty Products Market, Regional Market Snapshot
8.4. North America K-beauty Products Market
8.4.1. U.S. K-beauty Products Market
8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
8.4.1.2. End-user breakdown estimates & forecasts, 2020-2030
8.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada K-beauty Products Market
8.5. Europe K-beauty Products Market Snapshot
8.5.1. U.K. K-beauty Products Market
8.5.2. Germany K-beauty Products Market
8.5.3. France K-beauty Products Market
8.5.4. Spain K-beauty Products Market
8.5.5. Italy K-beauty Products Market
8.5.6. Rest of Europe K-beauty Products Market
8.6. Asia-Pacific K-beauty Products Market Snapshot
8.6.1. China K-beauty Products Market
8.6.2. India K-beauty Products Market
8.6.3. Japan K-beauty Products Market
8.6.4. Australia K-beauty Products Market
8.6.5. South Korea K-beauty Products Market
8.6.6. Rest of Asia Pacific K-beauty Products Market
8.7. Latin America K-beauty Products Market Snapshot
8.7.1. Brazil K-beauty Products Market
8.7.2. Mexico K-beauty Products Market
8.8. Middle East & Africa K-beauty Products Market
8.8.1. Saudi Arabia K-beauty Products Market
8.8.2. South Africa K-beauty Products Market
8.8.3. Rest of Middle East & Africa K-beauty Products Market
CHAPTER 9. COMPETITIVE INTELLIGENCE
9.1. Key Company SWOT Analysis
9.1.1. Company
9.1.2. Company
9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Banilla Co
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Amorepacific
9.3.3. The Cr?me Shop
9.3.4. Themis Solutions Inc. (Clio)
9.3.5. CARVER KOREA CO. (Unilever)
9.3.6. Able C&C
9.3.7. The Face Shop, Inc.
9.3.8. Nature Republic Co. Ltd
9.3.9. TolyMoly Co. Ltd
9.3.10. LG Household & Health Care Ltd.
CHAPTER 10. RESEARCH PROCESS
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. K-beauty Products Market, by region, 2020-2030 (USD Billion)
1.2.2. K-beauty Products Market, by Product, 2020-2030 (USD Billion)
1.2.3. K-beauty Products Market, by End-user, 2020-2030 (USD Billion)
1.2.4. K-beauty Products Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL K-BEAUTY PRODUCTS MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL K-BEAUTY PRODUCTS MARKET DYNAMICS
3.1. K-beauty Products Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing influential marketing
3.1.1.2. Growing disposable income
3.1.2. Market Challenges
3.1.2.1. High Cost of K-beauty Products
3.1.2.2. Risk of counterfeit products
3.1.3. Market Opportunities
3.1.3.1. Rising personal care industry
3.1.3.2. Growing e-commerce industry
CHAPTER 4. GLOBAL K-BEAUTY PRODUCTS MARKET: INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL K-BEAUTY PRODUCTS MARKET, BY PRODUCT
5.1. Market Snapshot
5.2. Global K-beauty Products Market by Product, Performance - Potential Analysis
5.3. Global K-beauty Products Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. K-beauty Products Market, Sub Segment Analysis
5.4.1. Skin Care
5.4.2. Hair Care
CHAPTER 6. GLOBAL K-BEAUTY PRODUCTS MARKET, BY END-USER
6.1. Market Snapshot
6.2. Global K-beauty Products Market by End-user, Performance - Potential Analysis
6.3. Global K-beauty Products Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
6.4. K-beauty Products Market, Sub Segment Analysis
6.4.1. Men
6.4.2. Women
CHAPTER 7. GLOBAL K-BEAUTY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
7.1. Market Snapshot
7.2. Global K-beauty Products Market by Distribution Channel, Performance - Potential Analysis
7.3. Global K-beauty Products Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. K-beauty Products Market, Sub Segment Analysis
7.4.1. Supermarkets and Hypermarkets
7.4.2. Specialty stores
7.4.3. Online
7.4.4. Pharmacies
CHAPTER 8. GLOBAL K-BEAUTY PRODUCTS MARKET, REGIONAL ANALYSIS
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. K-beauty Products Market, Regional Market Snapshot
8.4. North America K-beauty Products Market
8.4.1. U.S. K-beauty Products Market
8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
8.4.1.2. End-user breakdown estimates & forecasts, 2020-2030
8.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada K-beauty Products Market
8.5. Europe K-beauty Products Market Snapshot
8.5.1. U.K. K-beauty Products Market
8.5.2. Germany K-beauty Products Market
8.5.3. France K-beauty Products Market
8.5.4. Spain K-beauty Products Market
8.5.5. Italy K-beauty Products Market
8.5.6. Rest of Europe K-beauty Products Market
8.6. Asia-Pacific K-beauty Products Market Snapshot
8.6.1. China K-beauty Products Market
8.6.2. India K-beauty Products Market
8.6.3. Japan K-beauty Products Market
8.6.4. Australia K-beauty Products Market
8.6.5. South Korea K-beauty Products Market
8.6.6. Rest of Asia Pacific K-beauty Products Market
8.7. Latin America K-beauty Products Market Snapshot
8.7.1. Brazil K-beauty Products Market
8.7.2. Mexico K-beauty Products Market
8.8. Middle East & Africa K-beauty Products Market
8.8.1. Saudi Arabia K-beauty Products Market
8.8.2. South Africa K-beauty Products Market
8.8.3. Rest of Middle East & Africa K-beauty Products Market
CHAPTER 9. COMPETITIVE INTELLIGENCE
9.1. Key Company SWOT Analysis
9.1.1. Company
9.1.2. Company
9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Banilla Co
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Amorepacific
9.3.3. The Cr?me Shop
9.3.4. Themis Solutions Inc. (Clio)
9.3.5. CARVER KOREA CO. (Unilever)
9.3.6. Able C&C
9.3.7. The Face Shop, Inc.
9.3.8. Nature Republic Co. Ltd
9.3.9. TolyMoly Co. Ltd
9.3.10. LG Household & Health Care Ltd.
CHAPTER 10. RESEARCH PROCESS
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
