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Hair care contributes to the South Korea cosmetics market growth by continuously introducing new products that address various hair concerns, such as damage repair, hydration, volume, and scalp health.
South Korean hair care brands place a strong emphasis on scalp health, recognising its importance in achieving healthy, beautiful hair. They offer a wide range of scalp treatments, including cleansers, serums, and masks, formulated with ingredients like botanical extracts, vitamins, and peptides to nourish and rejuvenate the scalp.
South Korean bath and shower products are known for their innovative formulations and unique ingredients. Brands continuously introduce new products, such as body washes, bath bombs, and bath salts, formulated with skin-loving ingredients like botanical extracts, natural oils, and vitamins. These innovative offerings cater to consumers' preferences for effective and luxurious bath and shower experiences.
The South Korea cosmetics market share is led by the female population.
Social media platforms and beauty influencers play a significant role in driving the popularity of female cosmetics in South Korea. Further, influencers showcase gender-neutral beauty products, share skincare tips and routines, and promote inclusive beauty ideals, shaping consumer attitudes and purchasing decisions.
In the past, skincare and cosmetics were mainly linked to women in South Korea. Yet, cultural norms have evolved, leading more men to adopt grooming and skincare as part of their daily regimen. This shift has created a new market opportunity for cosmetics brands aiming at male consumers.
Hypermarkets and supermarkets contribute to the South Korea cosmetics market growth by offering a wide selection of cosmetics brands and products, catering to diverse consumer preferences and budgets.
Cosmetics brands benefit from increased visibility and promotion in supermarkets and hypermarkets, as these retail outlets attract many shoppers. Brands often invest in eye-catching displays, signage, and promotional activities to stand out and attract consumer attention, driving sales and brand awareness.
Speciality stores provide personalised service and expert advice to help consumers navigate the vast array of cosmetics options. Moreover, Specialty stores offer a curated selection of cosmetics brands and products, focusing on high-quality and innovative offerings.
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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
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