Global K Beauty Products Market Overview
K-beauty products are made by utilizing natural ingredients that are clearly labeled on their packaging. It prominently deals with wellness and health. The K-beauty products emphases greatly on skincare while concurrently ensuring that their products are affordable and cool. The Korean beauty brands are constantly accelerating to embrace new innovations, particularly in terms of their raw materials. Some of the unique ingredients being used to produce K-beauty products are snail slime, starfish extract, bee venom, pig collagen, and morphing masks. The K-beauty market is becoming a progressively profitable business for cosmetic companies due to its high product margin, thus making it further lucrative for beauty companies. The K-beauty Products Market accounted for US$ 10.3 billion in 2019 and is estimated to be US$ 31.6 billion by 2029 and is anticipated to register a CAGR of 12.0%.
Impact of Covid-19 pandemic on market
The beauty products industry has observed a decline in its market due to the outbreak of Covid 19 pandemic. Brands are also focusing on expanding their supply chains in terms of increasing their E-commerce channel along with providing at-home wellness products, which are highly suited in this volatile business environment. This report will quantify the impact of this pandemic on the K-beauty products market.
Global K Beauty Products Market Dynamics
Growth in cosmetics consumption among women owing to the rise in the number of female participation in social and economic activities has led to a strong positive impact on the global K-beauty products market. There is a superior demand for high priced premium cosmetics preceding to the growth of income levels. These factors substantially propel the market of K-beauty products across the globe. Moreover, K-beauty products not only satisfy women’s cosmetic products but also men’s beauty products. Therefore, new product launches for men’s cosmetics, which target and aid their skin issues further drives the growth of the K-beauty products market. Additionally, influence through social media is one of the most important terms for the global popularity of K-beauty products. Video tutorials and advertisement through online platforms such as Instagram and Facebook have created a marvelous influence over the viewers, which is consequently propelling the growth of the global market.
Conversely, growth in the trend of veganism can lead to a negative impact on the growth of K-beauty products. The rise in the number of conscious consumers particularly in terms of environmental impact, sustainability, and animal welfare hamper the market growth.
Nevertheless, increasing awareness of the uniqueness and benefits of K-beauty products among consumers globally provides a huge opportunity for expansion among the K-beauty products market players. Customers are spending on beauty products that arise from South Korea. This makes the market more promising and appealing for the future of the K-beauty products industry.
Global K Beauty Products Market Segmentation
The global K-beauty products market is segmented based on product type, end-user, distribution channel, and region.
On the basis of product type, the global k-beauty products market is segmented into sheet masks, cleansers, moisturizers, makeup, and others. Based on end-user, the target market is segmented into women, men, unisex, and kids. On the basis of the distribution channels, the target market is segmented into online retail, supermarket/hypermarket, and specialty/mono-brand stores.
Regional Insights:
In the region, the global K-beauty products market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific holds the highest market share in the K-beauty products market region segment. This is mainly attributed due to the presence of the largest consumers of K-beauty products are the Asian countries such as China, Hong Kong, India, and South Korea. Additionally, a surge in population and a rise in purchasing power also leads to dominating the growth of the target market in this region. North America accounted for the second position in terms of revenue in 2018. Furthermore, Europe is projected to register the largest CAGR of 12.6% from 2019 to 2029, due to the widespread portfolio and focus of manufacturers on manufacturing products dealing with consumer requirements in the region.
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Attribute |
Details |
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Base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
By Product Type- Sheet Masks, Cleansers, Moisturizers, Makeup, and Others By End-user– Women, Men, Unisex, and Kids By Distribution Channel– Online Retail, Supermarket/Hypermarket, and Specialty/Monobrand Stores |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global K-beauty products market report based on product type, end-user, distribution channel, and region.
Global K-beauty Products Market, By Product Type:
- Sheet Masks
- Cleansers
- Moisturizers
- Makeup
- Others
Global K-beauty Products Market, By End-user:
- Women
- Men
- Unisex
- Kids
Global K-beauty Products Market, By Distribution Channel:
- Online Retail
- Supermarket/Hypermarket
- Specialty/Monobrand Stores
Global K-beauty Products Market, By Region:
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-
- North America
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- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global K Beauty Products Market Key Players
The key players operating in the global K-beauty products market includes ABLE C&C CO., Ltd., Adwin Korea Corp, The Beauty Factory, Ltd., CK Beauty Enterprise Inc., Annie's Way International Co., Ltd., BNH Cosmetics, Bluehug, Inc., Ceragem Health and Beauty Co, Ltd., LG Household & Health Care, and AMOREPACIFIC CORPORATION. K-beauty manufactures are dealing with new beauty trends and innovations, presenting sophisticated ingredients and appealing packaging in order to create a lucrative opportunity to expand its market position. For instance, Amorepacific – South Korean cosmetic conglomerate launched ‘home-aesthetic’ its first-ever professional-grade brand to meet rising consumer desire to have effective skin treatment in the comfort of their home.
Global K Beauty Products Market Company Profile
- ABLE C&C CO., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Adwin Korea Corp.
- The Beauty Factory, Ltd.
- CK Beauty Enterprise Inc.
- Annie's Way International Co., Ltd.
- BNH Cosmetics
- Bluehug, Inc.
- Ceragem Health and Beauty Co, Ltd.
- LG Household & Health Care
- AMOREPACIFIC CORPORATION
“*” marked represents similar segmentation in other categories in the respective section
Global K Beauty Products Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for K-beauty Products Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By End-user
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global K-beauty Products Market, By Product Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Sheet Masks
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Cleansers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Moisturizers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Makeup
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global K-beauty Products Market, By End-user, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Women
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Men
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Unisex
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Kids
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global K-beauty Products Market, By Distribution Channel, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Online Retail
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Supermarket/Hypermarket
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Specialty/Monobrand Stores
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global K-beauty Products Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- ABLE C&C CO., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Adwin Korea Corp.
- The Beauty Factory, Ltd.
- CK Beauty Enterprise Inc.
- Annie's Way International Co., Ltd.
- BNH Cosmetics
- Bluehug, Inc.
- Ceragem Health and Beauty Co, Ltd.
- LG Household & Health Care
- AMOREPACIFIC CORPORATION
- ABLE C&C CO., Ltd.
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The K beauty products market is segmented into product type, end users, distribution channel, and region.
Rise in consumption of K beauty product in the female participants is the major growth factor in the target market.
Asia-Pacific holds the highest market share in the K-beauty products market region segment.
For instance, Amorepacific – South Korean cosmetic conglomerate launched ‘home-aesthetic’ its first-ever professional-grade brand to meet rising consumer desire to have effective skin treatment in the comfort of their home.