South Korea Skincare Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026

South Korea Skincare Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026

Summary

GlobalData’s Country Profile report on the skincare sector in South Korea provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.

The South Korea skincare sector was led by the facial care category in both value and volume terms in 2021. The category is also forecast to register the fastest value and volume growth during 2021-2026. Direct sellers was the leading distribution channel of skincare in the country. Rigid plastics was the most used pack material in the sector. LG Corp, Amorepacific Corporation, and L'Oréal S.A. are the leading companies in the South Korea skincare sector.

What else is contained?

• Sector data: Overall sector value and volume data with growth analysis for 2016-2026
• Category coverage: 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
• Leading players: Market share of companies (in value terms) and private labels (in value terms) in 2021
• Distribution data: Percentage of sales within each category through distribution channels such as cash & carries & warehouse clubs, chemists/pharmacies, convenience stores, department stores, direct sellers, health & beauty stores, hypermarkets & supermarkets, parapharmacies/drugstores, “dollar stores”, variety stores & general merchandise retailers, e-retailers other general retailers
• Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, flexible packaging, rigid plastics, and rigid metal; pack type for: specialty container, tube, bottle, jar, tub, aerosol, bag/sachet, and other pack types, closure type for: flip/snap top, dispenser, screw top, cap, prize off and other closure types, primary outer types for: carton - folding, blister pack, bag, sleeve, shrink wrap, and other primary outer types.

• Per capita consumption and per capita expenditure of skincare was higher in South Korea than the global and regional level in 2021
• The per capita consumption of facial care products was higher than other skincare categories in 2021
• Direct sellers was the leading distribution channel in the South Korean skincare sector, with a value share of 29.5% in 2021
• LG Corp held a value share of 29.1% in the South Korean skincare sector in 2021
• Rigid plastics accounted for a share of 54.6% in the South Korean skincare sector, in 2021

• 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 have 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 commonly used packaging materials in the sector
• Analysis on 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 economic summary of the country along with labor market and demographic trends.