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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
South Korea Cosmetics Market Growth
The cosmetics market comprises various categories hair care, skin care, bath and shower, deodorants and fragrances, and others. Technology is transforming how consumers engage with cosmetics, from virtual try-on experiences using augmented reality (AR) to personalised product suggestions driven by artificial intelligence (AI).
Eco-friendly packaging is becoming increasingly important to South Korean consumers. Brands are looking for ways to make their products more sustainable, using recycled materials and minimising waste.
In March 2023, the Korean government revealed its plans to advance technologies for custom cosmetics and personalized skin diagnosis programs utilizing IoT and big data, aiming to foster the Korean bio-health industry.
South Korea Cosmetics Market Report Snapshots
South Korea Cosmetics Market Size
South Korea Cosmetics Market Growth
South Korea Cosmetics Market Trends
South Korea Cosmetics Market Share
South Korea Cosmetics Manufacturers
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 17.45 billion in 2023.
The market is projected to grow at a CAGR of 5.4 % between 2024 and 2032.
The revenue generated from the South Korea cosmetics market is expected to reach USD 28.02 billion in 2032.
The increasing demand for cruelty-free, clean-labeled, and eco-friendly products; the growing use of AI and AR in the beauty tech industry; and the revision and formulation of recycling and packaging norms are the key drivers of the market.
New beauty trends like DIYs, the rising influence of celebrities and the media, and the increasing demand for innovative cosmetic products are the key industry trends.
The products find applications in hair products, lip products, face products, and eye make-up, among others.
Based on distribution channels, the market is divided into hypermarkets and supermarkets, speciality stores, pharmacies/drug stores, online, and others.
The key players are Korendy Cosmetics Inc., Amorepacific Corporation, LG Household and Health Co., Ltd., Procter & Gamble Company, and ABLE C&C, Inc among others.
The market is categorised according to the category, which includes skin care, hair care, bath and shower, makeup and colour cosmetics, deodorants and fragrances, and others.
Based on the price category, the market is divided into mass and premium.
Based on gender, the market is divided into female, male, and unisex.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124