Skincare in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The skincare market consists of the retail sale of facial care, body care, hand care, depilatories, and make-up remover products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2023 exchange rates.
- The South Korean Skincare market had total revenues of $6.77 billion in 2023, representing a compound annual growth rate (CAGR) of 6.2% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 3.2% between 2018 and 2023, to reach a total of 763.4 million units in 2023.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.5% for the five-year period 2023 - 2028, which is expected to drive the market to a value of $8.05 billion by the end of 2028.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the skincare market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the skincare market in South Korea
- Leading company profiles reveal details of key skincare market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea skincare market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the South Korea skincare market by value in 2023?
- What will be the size of the South Korea skincare market in 2028?
- What factors are affecting the strength of competition in the South Korea skincare market?
- How has the market performed over the last five years?
- How large is South Korea’s skincare market in relation to its regional counterparts?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amorepacific Corp
- LG Corp
- The Estee Lauder Companies Inc
- L'Oreal SA
