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South Korea Skin Boosters Market Size, Share & Trends Analysis Report By Type (Mesotherapy, Micro-needle), By Gender (Female, Male), By End-use (Dermatology Clinics, Medical Spa), And Segment Forecasts, 2024 - 2030

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    Report

  • 80 Pages
  • August 2024
  • Region: South Korea
  • Grand View Research
  • ID: 5998663

South Korea Skin Boosters Market Growth & Trends

The South Korea skin boosters market size is expected to reach USD 77.61 million by 2030, growing at a CAGR of 9.3%. This growth is driven by high demand for advanced skincare solutions and South Korea's influential position in the global beauty industry. As one of the top ten beauty markets globally, South Korea is renowned for its innovation, use of natural ingredients, and attractive packaging. According to the International Trade Administration, in 2021, the value of cosmetics production in South Korea rebounded to USD 14.5 billion, reflecting a 9.8% increase from the previous year, and exports reached a record high of USD 9.2 billion, up 21.3%. South Korea is the third-largest exporter of cosmetics, following France and the U.S.

In 2022, skincare products was the largest import category in South Korea, accounting for 41.8% of total cosmetic imports, valued at USD 711 million. This was followed by perfumes and haircare products. The growing awareness among South Korean consumers about the benefits of skin boosters-such as enhanced hydration, collagen stimulation, and skin revitalization-has significantly increased demand for these products. As consumers become more informed about skincare and its effects, the preference for effective, science-backed solutions has surged.

Companies frequently introduce new products featuring cutting-edge ingredients such as low molecular weight hyaluronic acid for deeper skin penetration or novel peptide complexes to enhance collagen production. For instance, in July 2024, VS Line Clinic earned international acclaim with the debut of its skin booster, Dehyve. This advanced product is designed to improve skin hydration, elasticity, and radiance using innovative technology and formulations.

South Korea Skin Boosters Market Report Highlights

  • Based on type, the mesotherapy segment accounted for the largest revenue share of more than 50.0% in 2023
  • Based on gender, the females segment held the largest revenue share in 2023. This dominance is driven by several key factors, including cultural preferences, evolving beauty standards, and recent advancements in aesthetic treatments.
  • Based on end use, the medical spa (medspa) segment held the largest revenue share in 2023 and is also expected grow at the fastest CAGR during the forecast period. This growth is attributed due to their ability to offer a blend of medical expertise and spa-like experiences.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Type
1.2.2. Gender
1.2.3. End Use
1.2.4. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Approach 1: Commodity flow approach
1.7.3. Volume price analysis (Model 2)
1.7.4. Approach 2: Volume price analysis
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Type outlook
2.2.2. Gender outlook
2.2.3. End Use outlook
2.3. Competitive Insights
Chapter 3. South Korea Skin Boosters Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. South Korea Skin Boosters Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
Chapter 4. South Korea Skin Boosters: Type Estimates & Trend Analysis
4.1. Type Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. South Korea Skin Boosters Market, by Type Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
4.4.1. Mesotherapy
4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2. Microneedle
4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. South Korea Skin Boosters: Gender Estimates & Trend Analysis
5.1. Gender Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. South Korea Skin Boosters Market, by Gender Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
5.4.1. Female
5.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.2. Male
5.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. South Korea Skin Boosters: End Use Estimates & Trend Analysis
6.1. End Use Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. South Korea Skin Boosters Market, by End Use Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
6.4.1. Dermatology Clinics
6.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.2. Medical Spa
6.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company/Competition Categorization
7.3. Vendor Landscape
7.3.1. List of key distributors and channel partners
7.3.2. Key customers
7.3.3. Key company heat map analysis, 2023
7.4. Company Profiles
7.4.1. Bloomage Biotech Co., Ltd.
7.4.1.1. Company overview
7.4.1.2. Financial performance
7.4.1.3. Product benchmarking
7.4.1.4. Strategic initiatives
7.4.2. Medytox, Inc.
7.4.2.1. Company overview
7.4.2.2. Financial performance
7.4.2.3. Product benchmarking
7.4.2.4. Strategic initiatives
7.4.3. AbbVie Inc.
7.4.3.1. Company overview
7.4.3.2. Financial performance
7.4.3.3. Product benchmarking
7.4.3.4. Strategic initiatives
7.4.4. Merz Pharma
7.4.4.1. Company overview
7.4.4.2. Financial performance
7.4.4.3. Product benchmarking
7.4.4.4. Strategic initiatives
7.4.5. Galderma
7.4.5.1. Company overview
7.4.5.2. Financial performance
7.4.5.3. Product benchmarking
7.4.5.4. Strategic initiatives
7.4.6. Teoxane
7.4.6.1. Company overview
7.4.6.2. Financial performance
7.4.6.3. Product benchmarking
7.4.6.4. Strategic initiatives
7.4.7. IBSA Farmaceutici Italia Srl
7.4.7.1. Company overview
7.4.7.2. Financial performance
7.4.7.3. Product benchmarking
7.4.7.4. Strategic initiatives
7.4.8. PharmaResearch Co., Ltd.
7.4.8.1. Company overview
7.4.8.2. Financial performance
7.4.8.3. Product benchmarking
7.4.8.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 South Korea Skin Boosters, by Type, 2018 - 2030 (USD Million)
Table 3 South Korea Skin Boosters, by Gender, 2018 - 2030 (USD Million)
Table 4 South Korea Skin Boosters, by End Use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Primary interviews in U.S.
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 South Korea Skin Boosters: market outlook
Fig. 10 Skin boosters competitive insights
Fig. 11 Parent market outlook
Fig. 12 Related/ancillary market outlook
Fig. 13 Penetration and growth prospect mapping
Fig. 14 Industry value chain analysis
Fig. 15 South Korea skin boosters driver impact
Fig. 16 South Korea skin boosters restraint impact
Fig. 17 South Korea skin boosters strategic initiatives analysis
Fig. 18 South Korea skin boosters: Type movement analysis
Fig. 19 South Korea skin boosters: Type outlook and key takeaways
Fig. 20 Mesotherapy market estimates and forecast, 2018 - 2030
Fig. 21 Microneedle estimates and forecast, 2018 - 2030
Fig. 22 South Korea skin boosters: Gender movement analysis
Fig. 23 South Korea skin boosters: Gender outlook and key takeaways
Fig. 24 Female market estimates and forecast, 2018 - 2030
Fig. 25 Male estimates and forecast, 2018 - 2030
Fig. 26 South Korea skin boosters: End use movement analysis
Fig. 27 South Korea skin boosters: End use outlook and key takeaways
Fig. 28 Dermatology clinics market estimates and forecast, 2018 - 2030
Fig. 29 Medical spa estimates and forecast, 2018 - 2030

Companies Mentioned

  • Bloomage Biotech Co., Ltd.
  • Medytox, Inc.
  • AbbVie Inc.
  • Merz Pharma
  • Galderma
  • Teoxane
  • IBSA Farmaceutici Italia Srl
  • PharmaResearch Co., Ltd.

Methodology

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Table Information