Global K-Beauty Products Market Report and Forecast 2024-2032
Market Report I 2024-06-17 I 183 Pages I EMR Inc.
Global K-Beauty Products Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global K-beauty products market size reached a value of USD 12.39 billion in 2023. Aided by the flourishing Korean wave and increasing endorsements of skincare and cosmetics by renowned Korean celebrities, the market is projected to further grow at a CAGR of 8.4% between 2024 and 2032 to reach a value of USD 25.64 billion by 2032.
K-Beauty, or Korean Beauty, encompasses a variety of skincare and cosmetic products that emphasize innovative ingredients, multi-step skincare routines, and aesthetically pleasing packaging. Known for its focus on achieving flawless, healthy skin, K-Beauty has garnered a substantial following worldwide, influencing beauty trends and skincare routines globally.
The increasing consumer preference for effective skincare solutions is driving the K-beauty products market growth. With a growing awareness of skincare benefits and the importance of maintaining healthy skin, there has been a significant shift towards multi-step skincare regimens, a hallmark of K-Beauty. Additionally, the rising trend of self-care and wellness has further contributed to the increasing popularity of K-Beauty products, as consumers seek to enhance their skincare routines with high-quality, innovative products.
The expanding applications of K-Beauty products across various skincare needs also play a significant role in propelling the K-beauty products market expansion. The K-Beauty industry is renowned for its use of unique and natural ingredients such as snail mucin, ginseng, and centella asiatica, which are incorporated into formulations for their beneficial properties. These ingredients offer solutions for various skin concerns, including anti-aging, hydration, brightening, and acne treatment, thereby attracting a diverse consumer base.
The hallmark of K-Beauty is its innovative approach to skincare, incorporating unique and effective ingredients. The continuous development of new formulations and products is a significant driver of the market. Consumers are attracted to the promise of superior results from using cutting-edge ingredients like snail mucin, propolis, and fermented extracts, which are believed to offer enhanced skin benefits. The global rise in awareness of skincare routines and the benefits of maintaining healthy skin is propelling the demand for K-Beauty products. The popularity of the 10-step Korean skincare routine, which emphasizes thorough cleansing, exfoliation, hydration, and protection, has influenced beauty regimes worldwide, increasing the market for K-Beauty products.
As per the K-beauty products market analysis, social media platforms and beauty influencers play a crucial role in popularizing K-Beauty products. Reviews, tutorials, and endorsements by beauty bloggers and celebrities have significantly increased the visibility and appeal of K-Beauty products to a global audience. This trend is further bolstered by the rise of K-pop and K-drama, where celebrities often endorse or use these products, enhancing their desirability. The increasing consumer inclination towards natural and organic products is driving the K-Beauty market. Many K-Beauty brands emphasize the use of natural, safe, and effective ingredients, which align with the growing trend of clean beauty. Consumers are more conscious about the ingredients in their skincare products, and K-Beauty's focus on gentle yet effective formulations appeals to this demographic.
The K-beauty products market is poised for significant growth in the coming years, driven by the increasing demand for effective skincare solutions and the innovative formulations offered by K-Beauty brands. The market's expansion is supported by the rising awareness of skincare benefits, the influence of social media and celebrities, and the growing preference for natural and organic products. However, the market faces challenges such as intense competition and regulatory hurdles. The key market players are focusing on technological advancements, product innovation, and strategic collaborations to enhance their market presence and cater to the growing demand. The Asia Pacific region is expected to dominate the market, followed by North America and Europe.
Market Segmentation
The market can be divided based on product type, distribution channel, end use and region.
Market Breakup by Product Type
- Skincare
o Moisturisers
o Cleansers
o Sunscreens or Night Creams
o Serum or Ampoule
o Masks
o Others
- Makeup
o Face
o Lip
o Eye
- Haircare
o Shampoo
o Conditioner
o Serums
o Others
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Market Breakup by End Use
- Male
- Female
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global K-beauty products market. Some of the major players explored in the report by Expert Market Research are as follows:
- LG H&H Co., Ltd.
- Amorepacific Us, Inc.
- Atomy Co., Ltd.
- Able C&C Co., Ltd.
- It's Hanbul Co., Ltd.
- Clio Cosmetics Co., Ltd.
- Unilever Plc
- Ceragem Co., Ltd.
- Cosmax Inc.
- Annie's Way International Co., Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global K-Beauty Products Market Analysis
8.1 Key Industry Highlights
8.2 Global K-Beauty Products Historical Market (2018-2023)
8.3 Global K-Beauty Products Market Forecast (2024-2032)
8.4 Global K-Beauty Products Market by Product Type
8.4.1 Skincare
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Moisturisers
8.4.1.3.2 Cleansers
8.4.1.3.3 Sunscreens or Night Creams
8.4.1.3.4 Serum or Ampoule
8.4.1.3.5 Masks
8.4.1.3.6 Others
8.4.2 Makeup
8.4.2.1 Forecast Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Face
8.4.2.3.2 Lip
8.4.2.3.3 Eye
8.4.3 Haircare
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by Type
8.4.3.3.1 Shampoo
8.4.3.3.2 Conditioner
8.4.3.3.3 Serums
8.4.3.3.4 Others
8.4.4 Others
8.5 Global K-Beauty Products Market by Distribution Channel
8.5.1 Supermarkets and Hypermarkets
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Specialty Stores
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Online Stores
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global K-Beauty Products Market by End-Use
8.6.1 Male
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Female
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global K-Beauty Products Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America K-Beauty Products Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe K-Beauty Products Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific K-Beauty Products Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America K-Beauty Products Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa K-Beauty Products Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 LG H&H Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amorepacific Us, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Atomy Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Able C&C Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 It's Hanbul Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Clio Cosmetics Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Unilever Plc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Ceragem Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Cosmax Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Annie's Way International Co., Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global K-Beauty Products Market: Key Industry Highlights, 2018 and 2032
2. Global K-Beauty Products Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global K-Beauty Products Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global K-Beauty Products Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Global K-Beauty Products Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Global K-Beauty Products Historical Market: Breakup by End-Use (USD Billion), 2018-2023
7. Global K-Beauty Products Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
8. Global K-Beauty Products Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global K-Beauty Products Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America K-Beauty Products Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America K-Beauty Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe K-Beauty Products Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe K-Beauty Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific K-Beauty Products Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific K-Beauty Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America K-Beauty Products Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America K-Beauty Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa K-Beauty Products Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa K-Beauty Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global K-Beauty Products Market Structure
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