Asia-pacific K-beauty Products Market Forecast 2023-2032

Asia-pacific K-beauty Products Market Forecast 2023-2032

KEY FINDINGS
The Asia-Pacific K-beauty products market is set to grow with a CAGR of 9.67% during the forecast period 2023-2032. With its enormous population, significant economic growth, and increasing spending power, the Asia-Pacific represents the fastest-growing region.

MARKET INSIGHTS
In order to anticipate the growth of the Asia-Pacific K-beauty products market, China, Japan, India, South Korea, Singapore, Malaysia, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific are evaluated. According to a 2020 beauty study by Daily Vanity, Singaporeans are most likely to trust K-beauty products. The country’s demand for cosmetics has also shown to be durable in the face of economic ups and downs. In addition, consumers in Singapore are curious and willing to evaluate new cosmetics. This has prompted new brands to set up business in the country.

In Malaysia, due to K-pop music, K-drama, and Korean variety shows, the phenomenon of Korean Waves sparks interest in Korean products among Malaysians. Numerous Korean products are entering the Malaysian market as a result of this trend. People are starting to adopt Korean products in their daily lives as they become increasingly inspired by and connected to the trend. Furthermore, considering the huge Muslim population in Malaysia, South Korean cosmetic companies are working to achieve halal certification in an effort to increase consumer acceptance of their brand. As a result, such factors are set to propel the region’s market growth during the forecast period.

COMPETITIVE INSIGHTS
Some of the leading firms in the market are AmorePacific Corporation, LG H&H Co Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.