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.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. South Korea Skin Boosters Market Variables, Trends & Scope
Chapter 4. South Korea Skin Boosters: Type Estimates & Trend Analysis
Chapter 5. South Korea Skin Boosters: Gender Estimates & Trend Analysis
Chapter 6. South Korea Skin Boosters: End Use Estimates & Trend Analysis
Chapter 7. Competitive Landscape
List of Tables
List of Figures
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
Report Attribute | Details |
---|---|
No. of Pages | 80 |
Published | August 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 42.03 Million |
Forecasted Market Value ( USD | $ 77.61 Million |
Compound Annual Growth Rate | 9.3% |
Regions Covered | South Korea |
No. of Companies Mentioned | 8 |