GLOBAL K-BEAUTY PRODUCTS MARKET FORECAST 2022-2030

GLOBAL K-BEAUTY PRODUCTS MARKET FORECAST 2022-2030

  • December 2021 •
  • 195 pages •
  • Report ID: 6095343 •
  • Format: PDF
KEY FINDINGS
The global K-beauty products market is evaluated to register a CAGR of 10.07% over the forecasted period of 2022 to 2030. The market growth is facilitated by key drivers such as the rising need for organic products, the surge in e-commerce as well as social media, the curiosity to try new and innovative products, and extensive research and development.

MARKET INSIGHTS
K-beauty (Korean beauty) products entail skincare products that originated or were produced in Korea. They are predominantly based on the Korean beauty concept of maintaining the skin’s health, hydration, and radiance through natural ingredients instead of chemical-based products.
As consumers become more meticulous in terms of their lifestyle choices, they look deeper than superficial solutions, opting for more conventional and healthy approaches to beauty.The increasing demand for natural and organically acquired ingredients in cosmetic and personal care products has generated novel arenas in the global K-beauty cosmeceutical market.

In addition, over recent years, organic skincare, as well as cosmetic products, have witnessed exponential growth.
Furthermore, as hazardous effects on the skin have increased on account of the surging pollution levels, consumers have become extremely conscious about what goes onto their skin. As a result, there has been a significant increase in the preference for organic products.

REGIONAL INSIGHTS
The global K-beauty products market growth analysis entails the assessment of North America, Europe, the Asia-Pacific, and the Rest of World. Europe is expected to grow with the highest CAGR during the forecasting years owing to customers’ surging preference for beauty products with organic ingredients and the increased demand for products comprising natural formulations.

COMPETITIVE INSIGHTS
K-beauty products are sold by numerous several players.Moreover, due to the market’s lucrative nature, new entrants attempt to enter through innovation, in addition to exploring e-commerce.

Hence, the high demand for K-beauty products as well the growth of e-commerce is set to further intensify the competition.
Some of the leading companies operating in the market include BNH Cosmetics LLC, AmorePacific Corporation, Ltd (Unilever Group), LG Household & Health Care Ltd, Carver Korea Co, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. ABLE C&C CO LTD
2. ADWIN KOREA CORPORATION
3. AMOREPACIFIC CORPORATION
4. ANNIE’S WAY INTERNATIONAL CO LTD
5. BNH COSMETICS LLC
6. CALA PRODUCTS
7. CARVER KOREA CO LTD (UNILEVER GROUP)
8. CERAGEM MALAYSIA SDN BHD
9. COSRX INC
10. LG HOUSEHOLD & HEALTH CARE LTD