South Korea Suncare Market Summary, Competitive Analysis and Forecast to 2027
Summary
Suncare in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The suncare market consists of the retail sale of sun protection, after-sun and self-tan products. The sun protection segment consists of lotion, spray, gel or other topical product that absorbs or reflects some of the sun's ultraviolet (UV) radiation. The after-sun segment consists of all mass and premium moisturizing cream formulated for sunburned skin. The self-tan segment consists of all mass and premium products that either enhance natural tanning (tanning aids) or allow the skin to tan without developing exposure to the sun. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 exchange rates.
- The South Korean Suncare market had total revenues of $584.9 million in 2022, representing a compound annual growth rate (CAGR) of -1.1% between 2017 and 2022.
- Market consumption volumes declined with a CAGR of -3.1% between 2017 and 2022, to reach a total of 27 million units in 2022.
- The performance of the market is forecast to accelerate, with an anticipated CAGR of 3.1% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $682.7 million by the end of 2027.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the suncare market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the suncare market in South Korea
- Leading company profiles reveal details of key suncare market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea suncare market with five year forecasts
- What was the size of the South Korea suncare market by value in 2022?
- What will be the size of the South Korea suncare market in 2027?
- What factors are affecting the strength of competition in the South Korea suncare market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's suncare market?
- 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 suncare market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2017-2022)?
- 7.4. What are the most popular brands in the South Korea suncare market?
- 8 Company Profiles
- 8.1. Amorepacific Corp
- 8.2. LG Corp
- 8.3. Shiseido Company, Limited
- 8.4. Missha Us Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: South Korea suncare market value: $ million, 2017-22
- Table 2: South Korea suncare market volume: million units, 2017-22
- Table 3: South Korea suncare market category segmentation: % share, by value, 2017-2022
- Table 4: South Korea suncare market category segmentation: $ million, 2017-2022
- Table 5: South Korea suncare market geography segmentation: $ million, 2022
- Table 6: South Korea suncare market distribution: % share, by value, 2022
- Table 7: South Korea suncare market value forecast: $ million, 2022-27
- Table 8: South Korea suncare market volume forecast: million units, 2022-27
- Table 9: South Korea suncare market share: % share, by value, 2022
- 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: Shiseido Company, Limited: key facts
- Table 17: Shiseido Company, Limited: Annual Financial Ratios
- Table 18: Shiseido Company, Limited: Key Employees
- Table 19: Shiseido Company, Limited: Key Employees Continued
- Table 20: Shiseido Company, Limited: Key Employees Continued
- Table 21: Missha Us Inc: key facts
- Table 22: South Korea size of population (million), 2018-22
- Table 23: South Korea gdp (constant 2005 prices, $ billion), 2018-22
- Table 24: South Korea gdp (current prices, $ billion), 2018-22
- Table 25: South Korea inflation, 2018-22
- Table 26: South Korea consumer price index (absolute), 2018-22
- Table 27: South Korea exchange rate, 2018-22
- List of Figures
- Figure 1: South Korea suncare market value: $ million, 2017-22
- Figure 2: South Korea suncare market volume: million units, 2017-22
- Figure 3: South Korea suncare market category segmentation: $ million, 2017-2022
- Figure 4: South Korea suncare market geography segmentation: % share, by value, 2022
- Figure 5: South Korea suncare market distribution: % share, by value, 2022
- Figure 6: South Korea suncare market value forecast: $ million, 2022-27
- Figure 7: South Korea suncare market volume forecast: million units, 2022-27
- Figure 8: Forces driving competition in the suncare market in South Korea, 2022
- Figure 9: Drivers of buyer power in the suncare market in South Korea, 2022
- Figure 10: Drivers of supplier power in the suncare market in South Korea, 2022
- Figure 11: Factors influencing the likelihood of new entrants in the suncare market in South Korea, 2022
- Figure 12: Factors influencing the threat of substitutes in the suncare market in South Korea, 2022
- Figure 13: Drivers of degree of rivalry in the suncare market in South Korea, 2022
- Figure 14: South Korea suncare market share: % share, by value, 2022
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook