Europe K-beauty Products Market: Growth Prospects 2024-2032

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,500	124 Pages	Triton Market Research	June, 2024	TRTN18869339

Best Price Guarantee
Price	from $1,500
Length	124 Pages
Publisher	Triton Market Research
Published Date	June, 2024
SKU	TRTN18869339

Europe K-beauty Products Market: Growth Prospects 2024-2032

According to Triton’s analysis, the Europe K-Beauty products market is projected to rise at a CAGR of 9.61% in revenue over the forecast years 2024-2032.

As per a 2022 study of the European cosmetic industry, the region witnessed a trade of more than €44 billion in cosmetic products. The study also infers that 72% of Europeans consume cosmetics and personal care products to improve their quality of life and self-esteem. As demand for multi-functional cosmetics continues to be on the priority list, Korea’s innovations take up the majority of the market share. Thus, cosmetics store chain giants like Sephora deal with Korean beauty ranges in 825 of its stores in 14 European countries. Such factors together fuel the expansion of the K-beauty products market in the European region.

The countries explored in this region include the United Kingdom, Germany, France, Spain, Italy, Poland, and Rest of Europe.

France secures a major market share with revenue of $680.15 million in 2023.

France is considered one of the largest exporters of cosmetic products with major importers like Spain, Italy, Germany, etc. As cosmetics brands are targeting both men’s and women’s consumer base, the K-Beauty products market is highly competitive in the country.

In 2023, the country witnessed a rise in cosmetics exports +10.8% year-on-year to €21.3 billion wherein makeup and facial care products ranked first with an increase of €11 bn.

Thus, the nation is a huge consumer of K-beauty products, with most cosmetics companies involved being SMEs and having large business operations all over the world, fueling the expansion of the studied market.

K-Beauty Products Market Forecast for Italy and Germany

In previous years, Italians spent over 10 billion euros on cosmetics, with perfume shops holding the largest market share, accounting for nearly one-fifth of the cosmetics and personal care products market. With a survey showing that 7 out of 10 Italian women have tried Korean cosmetics, evidently, there is a growing preference for anti-aging, skincare, and hair care products.

Similarly, in 2022, Germany witnessed an estimated €18.5 billion retail sales of beauty and personal care products. While K-Beauty products have been available online and in stores in the nation for several years, more international and local brands are now trying to capitalize on this trend. These factors are bound to influence the K-beauty products market in the coming years.

The K-Beauty products market is segmented based on gender, distribution channel, and product type. The product type segment comprises body care, skincare, and makeup. Gaining immense popularity with ‘Korean skincare routine,’ this segment continues to explore innovative products with ingredients such as bee venom, snail slime, and pigskin collagen.

The major players in the studied market are Banila Co, Cala Products, Able C&C Co Ltd, Clio Cosmetics, Amore Pacific Corporation, BNH Cosmetics Co Ltd, Adwin Korea Corporation, Peach & Lily, LG H&H Co Ltd, and COSRX Inc.

Banila Co is renowned for its range of versatile skincare and makeup products suitable for various skin types, textures, and tones. The company operates under three distinct brands: Banila Co - focusing on skincare; B. by Banila - specializing in makeup; and Ku:s - offering luxury vegan cosmetics. With global distribution via online channels, the company is headquartered in Seoul, South Korea.

Latest from the Company:

The new launch by the company ‘Clean It Zero Original Cleansing Balm’ became the best-selling product, with over 75 million jars sold by November 2023. This Vegan beauty product is alcohol-free and includes vitamins C and E.

1. Europe K-beauty Products Market - Summary
2. Industry Outlook: 2.1. Impact Analysis On The K-beauty Products Market; 2.1.1. Covid-19 Impact On The K-beauty Products Market; 2.2. Porter’s Five Forces Analysis; 2.2.1. Threat Of New Entrants; 2.2.2. Threat Of Substitutes; 2.2.3. Bargaining Power Of Buyers; 2.2.4. Bargaining Power Of Suppliers; 2.2.5. Threat Of Competitive Rivalry; 2.3. Supply Chain Analysis; 2.3.1. Raw Materials Assembly; 2.3.2. Product Manufacturing; 2.3.3. Quality Assurance & Labelling; 2.3.4. Distribution; 2.3.5. End-consumers; 2.4. Key Buying Impact Analysis; 2.4.1. Price; 2.4.2. Ingredients Used; 2.4.3. Labelling & Packaging; 2.4.4. Skin Type; 2.5. Key Market Strategies; 2.5.1. Collaborations; 2.5.2. Product Launches; 2.5.3. Acquisitions; 2.5.4. Business Expansions; 2.6. Market Drivers; 2.6.1. Increasing Interest In Natural And Organic Personal Care Products; 2.6.2. Product Innovation And Extensive Investments In R&D; 2.6.3. Expansion Of The Male Skincare Segment; 2.7. Market Challenges; 2.7.1. Rise Of Counterfeit K-beauty Products; 2.7.2. Competition From Well-established International Brands; 2.8. Market Opportunities; 2.8.1. Influence Of Social Media And Millennials On K-beauty Products; 2.8.2. Peel-on Sun Patches Are Gaining Popularity; 2.8.3. Integration Of Ai, Big Data And Augmented Reality (Ar) In The Beauty Sector; 2.9. Analyst Perspective
3. Europe K-beauty Products Market – By Gender: 3.1. Male; 3.2. Female
4. Europe K-beauty Products Market – By Product Type: 4.1. Skincare; 4.1.1. Cleanser; 4.1.2. Toner; 4.1.3. Moisturizer; 4.1.4. Sheet Mask & Spot Patch; 4.1.5. Lip Care; 4.1.6. Eye Care; 4.1.7. Sun Protection; 4.2. Body Care; 4.2.1. Hand Care; 4.2.2. Foot Care; 4.2.3. Hair Care; 4.3. Makeup; 4.3.1. Eye Makeup; 4.3.2. Lip Makeup; 4.3.3. Face Makeup
5. Europe K-beauty Products Market – By Distribution Channel: 5.1. Specialty/Single-brand Stores; 5.2. Supermarkets/Hypermarkets; 5.3. E-commerce
6. Europe K-beauty Products Market – By Country Outlook: 6.1. Europe; 6.1.1. Country Analysis; 6.1.1.1. United Kingdom; 6.1.1.1.1. United Kingdom K-beauty Products Market Forecast & Prospects; 6.1.1.2. Germany; 6.1.1.2.1. Germany K-beauty Products Market Forecast & Prospects; 6.1.1.3. France; 6.1.1.3.1. France K-beauty Products Market Forecast & Prospects; 6.1.1.4. Italy; 6.1.1.4.1. Italy K-beauty Products Market Forecast & Prospects; 6.1.1.5. Spain; 6.1.1.5.1. Spain K-beauty Products Market Forecast & Prospects; 6.1.1.6. Poland; 6.1.1.6.1. Poland K-beauty Products Market Forecast & Prospects; 6.1.1.7. Rest Of Europe; 6.1.1.7.1. Rest Of Europe K-beauty Products Market Forecast & Prospects
7. Competitive Landscape: 7.1. Able C&C Co Ltd; 7.1.1. Overview; 7.1.2. Product Portfolio; 7.1.3. Key Strengths; 7.1.4. Key Challenges; 7.2. Adwin Korea Corporation; 7.2.1. Overview; 7.2.2. Product Portfolio; 7.2.3. Key Strengths; 7.2.4. Key Challenges; 7.3. Amore Pacific Corporation; 7.3.1. Overview; 7.3.2. Product Portfolio; 7.3.3. Key Strengths; 7.3.4. Key Challenges; 7.4. Banila Co; 7.4.1. Overview; 7.4.2. Product Portfolio; 7.4.3. Key Strengths; 7.4.4. Key Challenges; 7.5. Bnh Cosmetics Co Ltd; 7.5.1. Overview; 7.5.2. Product Portfolio; 7.5.3. Key Strengths; 7.5.4. Key Challenges; 7.6. Cala Products; 7.6.1. Overview; 7.6.2. Product Portfolio; 7.6.3. Key Strengths; 7.6.4. Key Challenges; 7.7. Clio Cosmetics; 7.7.1. Overview; 7.7.2. Product Portfolio; 7.7.3. Key Strengths; 7.7.4. Key Challenges; 7.8. Cosrx Inc; 7.8.1. Overview; 7.8.2. Product Portfolio; 7.8.3. Key Strengths; 7.8.4. Key Challenges; 7.9. Lg H&H Co Ltd; 7.9.1. Overview; 7.9.2. Product Portfolio; 7.9.3. Key Strengths; 7.9.4. Key Challenges; 7.10. Peach & Lily; 7.10.1. Overview; 7.10.2. Product Portfolio; 7.10.3. Key Strengths; 7.10.4. Key Challenges
8. Research Methodology & Scope: 8.1. Research Scope & Deliverables; 8.2. Sources Of Data; 8.3. Research Methodology
Tables List: Table 1: Europe K-beauty Products Market, By Country Outlook, 2024-2032 (In $ Million); Table 2: List Of Collaborations; Table 3: List Of Product Launches; Table 4: List Of Acquisitions; Table 5: List Of Business Expansions; Table 6: Europe K-beauty Products Market, By Gender, 2024-2032 (In $ Million); Table 7: Europe K-beauty Products Market, By Product Type, 2024-2032 (In $ Million); Table 8: Europe K-beauty Products Market, By Distribution Channel, 2024-2032 (In $ Million); Table 9: Europe K-beauty Products Market, By Country Outlook, 2024-2032 (In $ Million)
Figures List: Figure 1: Supply Chain Analysis; Figure 2: Key Buying Impact Analysis; Figure 3: Europe K-beauty Products Market, By Gender, 2023 & 2032 (In %); Figure 4: Europe K-beauty Products Market, By Male, 2024-2032 (In $ Million); Figure 5: Europe K-beauty Products Market, By Female, 2024-2032 (In $ Million); Figure 6: Europe K-beauty Products Market, By Product Type, 2023 & 2032 (In %); Figure 7: Europe K-beauty Products Market, By Skincare, 2024-2032 (In $ Million); Figure 8: Europe K-beauty Products Market, By Skincare, 2023 & 2032 (In %); Figure 9: Europe K-beauty Products Market, By Cleanser, 2024-2032 (In $ Million); Figure 10: Europe K-beauty Products Market, By Toner, 2024-2032 (In $ Million); Figure 11: Europe K-beauty Products Market, By Moisturizer, 2024-2032 (In $ Million); Figure 12: Europe K-beauty Products Market, By Sheet Mask & Spot Patch, 2024-2032 (In $ Million); Figure 13: Europe K-beauty Products Market, By Lip Care, 2024-2032 (In $ Million); Figure 14: Europe K-beauty Products Market, By Eye Care, 2024-2032 (In $ Million); Figure 15: Europe K-beauty Products Market, By Sun Protection, 2024-2032 (In $ Million); Figure 16: Europe K-beauty Products Market, By Body Care, 2024-2032 (In $ Million); Figure 17: Europe K-beauty Products Market, By Body Care, 2023 & 2032 (In %); Figure 18: Europe K-beauty Products Market, By Hand Care, 2024-2032 (In $ Million); Figure 19: Europe K-beauty Products Market, By Foot Care, 2024-2032 (In $ Million); Figure 20: Europe K-beauty Products Market, By Hair Care, 2024-2032 (In $ Million); Figure 21: Europe K-beauty Products Market, By Makeup, 2024-2032 (In $ Million); Figure 22: Europe K-beauty Products Market, By Makeup, 2023 & 2032 (In %); Figure 23: Europe K-beauty Products Market, By Eye Makeup, 2024-2032 (In $ Million); Figure 24: Europe K-beauty Products Market, By Lip Makeup 2024-2032 (In $ Million); Figure 25: Europe K-beauty Products Market, By Face Makeup, 2024-2032 (In $ Million); Figure 26: Europe K-beauty Products Market, By Distribution Channel, 2023 & 2032 (In %); Figure 27: Europe K-beauty Products Market, By Specialty/Single-brand Stores, 2024-2032 (In $ Million); Figure 28: Europe K-beauty Products Market, By Supermarkets/Hypermarkets, 2024-2032 (In $ Million); Figure 29: Europe K-beauty Products Market, By E-commerce, 2024-2032 (In $ Million); Figure 30: Europe K-beauty Products Market, By Country Outlook, 2023 & 2032 (In %); Figure 31: United Kingdom K-beauty Products Market 2024-2032 (In $ Million); Figure 32: Germany K-beauty Products Market 2024-2032 (In $ Million); Figure 33: France K-beauty Products Market 2024-2032 (In $ Million); Figure 34: Italy K-beauty Products Market 2024-2032 (In $ Million); Figure 35: Spain K-beauty Products Market 2024-2032 (In $ Million); Figure 36: Poland K-beauty Products Market 2024-2032 (In $ Million); Figure 37: Rest Of Europe K-beauty Products Market 2024-2032 (In $ Million)