The k-beauty products market size is expected to see strong growth in the next few years. It will grow to $15.17 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing organic skincare products, popularization of products inspired by unique ingredient formulas and digital marketing strategies, increasing recognition through social media, beauty influencers, and endorsements by celebrities. Major trends in the forecast period include interest in eco-friendly and sustainable beauty products, partnerships, collaborations, increasing company investments, product innovations.
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Scope Of K-Beauty Products Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
K-Beauty Products Market Overview
Market Drivers –
The growing demand for natural and organic skincare is expected to propel the growth of the K-beauty products market going forward. Natural and organic skincare refers to products formulated with ingredients sourced directly from nature, such as plants, minerals, and sometimes animal by-products. K-beauty products often feature natural and organic gentle formulations that are suitable for all skin types, including sensitive skin. For instance, in June 2023, according to the Centre for the Promotion of Imports from Developing Countries, a Netherlands-based intergovernmental organization, UK market sales of certified organic cosmetics increased by 15% and reached (US$150.13) £138.23 million in 2021. Therefore, the growing demand for natural and organic skincare drives the K-beauty products market.
Market Trends –
Major companies operating in the K-beauty products market are focused on developing new hair care products, such as anti-dandruff serums and shampoos, to increase their profitability in the market. Hair care K-Beauty products are specialized hair treatments and products originating from Korea, focusing on innovative ingredients and techniques for optimal scalp health and hair beauty. For instance, in January 2024, THE SKINFACTORY Co. Ltd., a South Korea-based personal care product manufacturer, launched the K-Beauty Halal hair care line through its brand Kundal, incorporating a special anti-sebum P + Hyalocta Complex that delivers an immediate cooling effect on the scalp. The assortment comprises a hair cleanser, a hair softener, and a fluid hair serum, each tailored to the essential needs of Muslim users. The hair cleanser is expertly crafted to thoroughly purify, effectively eliminating dandruff, pollutants, and surplus sebum. The hair softener provides a one-step comprehensive treatment for both scalp and hair, ensuring smoothness and ease in untangling without heaviness. The fluid hair serum imparts quick moisture and a durable fragrance owing to its distinctive mix of feather-light ingredients.
The k-beauty products market covered in this report is segmented –
1) By Product Type: Skin Care, Hair Care
2) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online, Pharmacies
3) By End-User: Men, Women
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Regional Insights –
North America was the largest region in the k-beauty products market in 2023. The regions covered in the k-beauty products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the k-beauty products market report are Unilever PLC, LG Household & Health Care, Korea Tobacco & Ginseng Corporation, Amorepacific Corporation, KOSÉ Corporation, COSMAX Group, Neogen Corporation, Kolmar Korea Co. Ltd., Cosmecca Korea Co. Ltd., Clio Cosmetics Co. Ltd., Able C&C Co. Ltd., Nature Republic, Han Bul Cosmetics Co. Ltd., Tonymoly Co.Ltd., KBL Cosmetics, COSRX Official, The Crème Shop, The Face Shop Inc., ADWIN Korea Corp., AMI COSMETIC Co. Ltd., BANILLA CO, JUNGSAEMMOOL BEAUTY, The Beauty Factory Ltd., ZENPIA Co. Ltd. – Secret Key, Annie’s Way International Co. Ltd.
Table of Contents
1. Executive Summary
2. K-Beauty Products Market Report Structure
3. K-Beauty Products Market Trends And Strategies
4. K-Beauty Products Market – Macro Economic Scenario
5. K-Beauty Products Market Size And Growth
…..
27. K-Beauty Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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