Skincare in South Korea
Summary
Skincare in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The skincare market consists of the retail sale of facial care, body care, hand care, depilatories, and make-up remover products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2023 exchange rates.
- The South Korean Skincare market had total revenues of $6,774.3 million in 2023, representing a compound annual growth rate (CAGR) of 6.2% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 3.2% between 2018 and 2023, to reach a total of 763.4 million units in 2023.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.5% for the five-year period 2023 - 2028, which is expected to drive the market to a value of $8,051.4 million by the end of 2028.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the skincare market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the skincare market in South Korea
- Leading company profiles reveal details of key skincare market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea skincare market with five year forecasts by both value and volume
- What was the size of the South Korea skincare market by value in 2023?
- What will be the size of the South Korea skincare market in 2028?
- What factors are affecting the strength of competition in the South Korea skincare market?
- How has the market performed over the last five years?
- How large is South Korea’s skincare market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players in the South Korean skincare market?
- 7.3. Which companies have been most successful in increasing their market shares in the last five years (2018-2023)?
- 7.4. Which companies market shares have suffered over the same period?
- 7.5. What are the most popular brands in the South Korean skincare market?
- 7.6. What have been the most significant M&A deals in the South Korea skincare market over the last three years (2020-2023)?
- 8 Company Profiles
- 8.1. Amorepacific Corp
- 8.2. LG Corp
- 8.3. The Estee Lauder Companies Inc
- 8.4. L'Oreal SA
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea skincare market value: $ million, 2018-23
- Table 2: South Korea skincare market volume: million units, 2018-23
- Table 3: South Korea skincare market category segmentation: % share, by value, 2018-2023
- Table 4: South Korea skincare market category segmentation: $ million, 2018-2023
- Table 5: South Korea skincare market geography segmentation: $ million, 2023
- Table 6: South Korea skincare market distribution: % share, by value, 2023
- Table 7: South Korea skincare market value forecast: $ million, 2023-28
- Table 8: South Korea skincare market volume forecast: million units, 2023-28
- Table 9: South Korea skincare market share: % share, by value, 2023
- Table 10: Amorepacific Corp: key facts
- Table 11: Amorepacific Corp: Annual Financial Ratios
- Table 12: Amorepacific Corp: Key Employees
- Table 13: LG Corp: key facts
- Table 14: LG Corp: Annual Financial Ratios
- Table 15: LG Corp: Key Employees
- Table 16: The Estee Lauder Companies Inc: key facts
- Table 17: The Estee Lauder Companies Inc: Annual Financial Ratios
- Table 18: The Estee Lauder Companies Inc: Key Employees
- Table 19: The Estee Lauder Companies Inc: Key Employees Continued
- Table 20: L'Oreal SA: key facts
- Table 21: L'Oreal SA: Annual Financial Ratios
- Table 22: L'Oreal SA: Key Employees
- Table 23: L'Oreal SA: Key Employees Continued
- Table 24: South Korea size of population (million), 2019-23
- Table 25: South Korea gdp (constant 2005 prices, $ billion), 2019-23
- Table 26: South Korea gdp (current prices, $ billion), 2019-23
- Table 27: South Korea inflation, 2019-23
- Table 28: South Korea consumer price index (absolute), 2019-23
- Table 29: South Korea exchange rate, 2019-23
- List of Figures
- Figure 1: South Korea skincare market value: $ million, 2018-23
- Figure 2: South Korea skincare market volume: million units, 2018-23
- Figure 3: South Korea skincare market category segmentation: $ million, 2018-2023
- Figure 4: South Korea skincare market geography segmentation: % share, by value, 2023
- Figure 5: South Korea skincare market distribution: % share, by value, 2023
- Figure 6: South Korea skincare market value forecast: $ million, 2023-28
- Figure 7: South Korea skincare market volume forecast: million units, 2023-28
- Figure 8: Forces driving competition in the skincare market in South Korea, 2023
- Figure 9: Drivers of buyer power in the skincare market in South Korea, 2023
- Figure 10: Drivers of supplier power in the skincare market in South Korea, 2023
- Figure 11: Factors influencing the likelihood of new entrants in the skincare market in South Korea, 2023
- Figure 12: Factors influencing the threat of substitutes in the skincare market in South Korea, 2023
- Figure 13: Drivers of degree of rivalry in the skincare market in South Korea, 2023
- Figure 14: South Korea skincare market share: % share, by value, 2023
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