South Korea Skincare Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026
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South Korea Skincare Market Overview
The South Korea skincare market was valued at $8.5 billion in 2021. The market is projected to grow at a CAGR of more than 5% during the forecast period. The South Korean skincare market was led by the facial care category in both value and volume terms in 2021. The same category is forecasted to register the fastest value and volume growth during 2021-2026. Direct sellers were the leading channels in the distribution of skincare products in the country. LG Corp, Amorepacific Corporation, and L’Oréal S.A. are the top three companies in the South Korean skincare sector. Moreover, rigid plastics were the most used pack material in the South Korea skincare market followed by flexible packaging and glass.
The South Korea skincare market report provides insights on high-growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data, and the company’s market shares.
South Korea skincare market overview
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What is the city-level outlook of the South Korea skincare sector?
The top seven cities in the South Korea skincare sector are Seoul, Daegu, Busan, Incheon, Daejeon, Gwangju, and Ulsan. Seoul emerged as the largest skincare market in South Korea in 2021, followed by Busan and Incheon.
Skincare market in South Korea, by cities
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What are the key categories in the South Korea skincare market?
The key categories in the South Korea skincare market are body care, facial care, hand care, depilatories, and make-up remover. Facial care led the South Korea skincare sector in 2021 followed by hand care and make-up remover.
Skincare market in South Korea, by categories
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What are the key distribution channels in the South Korea skincare market?
The key distribution channels in the South Korea skincare market are direct sellers, health & beauty stores, e-retailers, department stores, and hypermarkets & supermarkets. Direct sellers are the leading distribution channel in the South Korea skincare sector followed by health & beauty stores and e-retailers.
Skincare market in South Korea, by distribution channels
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Which are the key companies in the South Korea skincare market?
Some of the key companies in the South Korea skincare market are LG Corp, Amorepacific Corporation, L’Oréal S.A., Missha Us Inc, The Estee Lauder Companies Inc., Laboratoires Pierre Fabre SA, Nu Skin Enterprises Inc, Johnson & Johnson Services Inc., Procter & Gamble, Unilever, Richfield Derma Pte Ltd., Reckitt Benckiser Group plc, Beiersdorf Ag, Shiseido Company Limited, and Moom.
Skincare market in South Korea, by companies
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Market report scope
Market size (Year – 2021) | $8.5 billion |
Growth rate (CAGR) | >5% |
Forecast period | 2021-2026 |
Key cities | Seoul, Daegu, Busan, Incheon, Daejeon, Gwangju, and Ulsan |
Key categories | Body Care, Facial Care, Hand Care, Depilatories, and Make-up Remover |
Key distribution channels | Direct Sellers, Health & Beauty Stores, E-retailers, Department Stores, and Hypermarkets & Supermarkets |
Key companies | LG Corp, Amorepacific Corporation, L’Oréal S.A., Missha Us Inc, The Estee Lauder Companies Inc., Laboratoires Pierre Fabre SA, Nu Skin Enterprises Inc, Johnson & Johnson Services Inc., Procter & Gamble, Unilever, Richfield Derma Pte Ltd., Reckitt Benckiser Group plc, Beiersdorf Ag, Shiseido Company Limited, and Moom |
Scope
- Per capita consumption and per capita expenditure on skincare were higher in South Korea than both the global and regional levels in 2021
- The per capita consumption of facial care products was higher than other skincare categories in 2021
- Direct sellers were the leading distribution channel in the South Korean skincare sector in 2021
- Value and growth analysis for body care, face care, hand care, depilatories, and make-up remover with inputs on individual segment share within each category and the change in their market share forecast for 2021-2026.
- Consumption breakdown for package materials and pack types in each category, in terms of percentage share of the number of units sold.
- Overall sector value and volume data with growth analysis for 2016-2026.
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
- Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
- The packaging analysis report helps manufacturers, in identifying the most used packaging materials in the sector
- Analysis of key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.
Amorepacific Corporation
L'Oreal S.A.
Missha Us Inc
The Estee Lauder Companies Inc.
Nu Skin Enterprises Inc
Procter & Gamble
Johnson & Johnson Services Inc
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Frequently asked questions
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What was the South Korea skincare market size in 2021?
The skincare market size in South Korea was valued at $8.5 billion in 2021.
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What is the South Korea skincare market growth rate?
The skincare market in South Korea is projected to grow at a CAGR of more than 5% during the forecast period.
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Which are the key cities in the South Korea skincare market?
The top seven cities in the South Korean skincare market are Seoul, Daegu, Busan, Incheon, Daejeon, Gwangju, and Ulsan.
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What are the key categories in the South Korea skincare market?
The key categories in the South Korean skincare market are body care, facial care, hand care, depilatories, and make-up remover.
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What are the key distribution channels in the South Korea skincare market?
The key distribution channels in the South Korean skincare market are direct sellers, health & beauty stores, e-retailers, department stores, and hypermarkets & supermarkets.
-
Which are the key companies in the South Korea skincare market?
Some of the key companies in the South Korean skincare market are LG Corp, Amorepacific Corporation, L’Oréal S.A., Missha Us Inc, The Estee Lauder Companies Inc., Laboratoires Pierre Fabre SA, Nu Skin Enterprises Inc, Johnson & Johnson Services Inc., Procter & Gamble, Unilever, Richfield Derma Pte Ltd., Reckitt Benckiser Group plc, Beiersdorf Ag, Shiseido Company Limited, and Moom.
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