South Korea Cosmeceuticals Market Growth, Size, Trends Analysis- By Product Type, By Category, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
South Korea Cosmeceuticals Market Introduction and Overview
According to SPER market research, ‘South Korea Cosmeceuticals Market Size- By Product Type, By Category, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the South Korea Cosmeceuticals Market is predicted to reach USD 27.89 Billion by 2033 with a CAGR of 5.45%.
Cosmeceuticals” are a class of skincare products that mix medicinal and cosmetic qualities. These cosmetics are designed to improve skin tone and also have health benefits. They are designed to treat particular skin issues including acne, aging, and hyperpigmentation and frequently contain active ingredients like growth factors, peptides, and antioxidants.
The South Korean cosmeceuticals market was significantly impacted by the COVID-19 pandemic. Shops saw a drop in foot traffic and sales as a result of lockdowns and shoppers prioritizing necessities before cosmetics at first. But as times changed, the popularity of internet purchasing increased, and cosmeceuticals started to move to e-commerce websites.
Scope of the report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product Type, By Category, By Distribution Channel
Regions covered Eastern Region, Western Region, Northern Region, Southern Region
Companies Covered Amorepacific Corporation, Banila Co., Clubclio Co. Ltd, Dr. Jart+, L'Oréal S.A., Nature Republic, PFD Co. Ltd, SON&PARK, The Face Shop (LG Household & Health Care), Samsung Electronics, Unilever Plc.
South Korea Cosmeceuticals Market Segmentation:
By Product Type:Based on the Product Type, South Korea Cosmeceuticals Market is segmented as; Personal Care Products, Cosmetics/Make-up Products.
By Category:Based on the Category, South Korea Cosmeceuticals Market is segmented as; Premium Products, Mass Products.
By Distribution Channel:Based on the Distribution Channel, South Korea Cosmeceuticals Market is segmented as; Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, Others.
By Region:This research also includes data for Eastern, Western, Southern and Northern Region.