Korean cosmetics industry. Cosmetics have been used in Korea since antiquity.

Korean cosmetics industry In recent years, the cosmetics industry has grown significantly. In 2025, the revenue in the Cosmetics market in South Korea is estimated to be US$1. South Korea Cosmetics Market Forecast: Breakup by Category (USD Million), 2024-2032 4. Cosmetics have been used in Korea since antiquity. South Korea's beauty industry is typically about 10-12 years ahead Feb 12, 2025 · Functional cosmetics, such as anti-aging, whitening, and hair loss treatments, require additional efficacy testing before approval for sale. 3 billion from January to November 2024, according to the Ministry of Food and Drug Safety. 4%, reaching a value of USD 28. 8% by 2024 to 2033 - CMI Industry Analysis The Korean cosmetics industry has continued to expand exports in order to respond to the slowing of domestic market growth and the market downturn caused by the COVID-19 pandemic. The data was collected by the Korea Customs Service and the Korea Cosmetic Association. Report Coverage domestic cosmetic market mainly dealt with the market of the 1940s and early 2000s (Lee, Kim, & Song, 2009). 3% from 2024 to 2032 and be worth USD 34. Aug 22, 2022 · What differentiates South Korea’s clean beauty scene. As early as the Joseon Dynasty, natural ingredients like ginseng and green tea were used in beauty care based on Korean medicine principles. The reason for the demand for Kbeauty products See full list on trade. The market penetration strategies and the current level of internalization of cosmetics MNEs in the South Korean market are summarized in Table 1. As a result, DIY hair coloring, nail care, and care in other K-beauty categories are fetching new customers within the country. Jul 14, 2023 · Welcome to the South Korean beauty industry. gov Nov 4, 2024 · The Korean cosmetics industry is led by major conglomerates such as Amorepacific and LG Household and Health Care, but many smaller-scale companies are also emerging. Korea Cosmetic Industry Institute – KCII - is a professional research organization founded to promote the health of the people and the competitiveness of the Korean cosmetics industry on the worldwide market via qualitative and quantitative growth. South Korea Cosmetics Historical Market: Breakup by Price Category (USD Million), 2018-2023 5. In the Korean beauty industry, clean beauty is becoming more popular. It has recorded an average annual growth rate of 3. 87bn. 01 million in 2022 and is expected to reach $29285. An overview of the history of Korea’s cosmetic industry suggests that it achieved rapid growth in the 1990s. 26 billion last year, whereas the total import revenue has slightly dropped, breaking another all-time high trade surplus record again from last year. Approximately 50% of the largest one hundred cosmetics MNEs have officially entered the South Korean Dec 2, 2024 · Korea’s cosmetic industry has achieved a significant milestone, with exports soaring to a record $9. This remarkable achievement surpasses the previous high of $9. May 5, 2022 · Korean cosmetic industry: a historical overview. Research in the Korean cosmetics industry is deeply rooted in Korea's rich history and culture. "And then a feminine jawline, which, in Korea, is Jun 24, 2024 · The Korean cosmetics industry is constantly growing to embrace new developments, particularly in raw materials. 2 billion in 2021, reflecting the growing global admiration for Korean beauty products and their influence on […] Dec 1, 2023 · 2. , 2020;Nadim & Mohd Jani, 2021). Jan 1, 2020 · The need for cosmetic products has increased, so the cosmetics business has grown significantly (Ishak et al. 79% (CAGR 2025-2030). Although BB creams are no longer as fashionable as they once were, they embody what Koreans value in cosmetic products, even today. "The long luxurious hair, it’s the porcelain white skin. 40 billion by 2032 from USD 14. It’s big, bright eyes," Elise Hu says. Feb 25, 2020 · Cosmetics export earnings in 2019 marked nearly KRW 6. South Korea Cosmetics Historical Market: Breakup by Category (USD Million), 2018-2023 3. Korean beauty products, often known as K-beauty products, refer to the South Korean skincare industry and the fashion associated with it. 49 billion, hovering above KRW 6. It is projected to experience an annual growth rate of 2. Also, the structure of Oct 20, 2018 · The fascination with Korean cosmetics is due to how innovative they are, says Marie Claire's digital beauty editor Katie Thomas. Industry Trends in 2025 The beauty industry in South Korea is rapidly evolving, with several key trends shaping the market: The Korea Cosmetic Market size was valued at $5,178. This means that South Korea is currently the 9th largest cosmetics market in the world (2. 8% of the global market). Jan 10, 2007 · All of the hypotheses are highly supported by the evidence from the Korean cosmetics industry. This historical connection to nature and traditional healing methods Latest Updates on Top South Korea Cosmetics Companies: December 2024: Asno, which protects wildlife in the Arctic and Antarctica, entered the South Korean cosmetics industry. 70 million by 2032, growing at a CAGR of 9. 8% over the past five years (2016-2020). Today, cosmetics are an important industry in South Korea. South Korea Cosmetics Market: Key Industry Highlights, 2018 and 2032 2. Aug 30, 2023 · It subsequently helped to launch K-beauty onto the global stage, playing a transformative role in establishing Korea’s cosmetics industry as a global powerhouse. However, this study focuses on the changes since 2000, when the Korean cosmetic industry has grown rapidly, and analyzes the changes in their sales and distribution structure, The Korean cosmetics industry is booming globally. 5 billion. 71% during the forecast period 2023-2032. Global K-Beauty Products Market Size (2024 to 2032) The Global K-beauty products market was valued at USD 13. Korean beauty startups have been able to break into the global market because the demand for K-beauty products is high. Aug 27, 2023 · Due to the rise in demand for K-Beauty products in the United States and Asia, exports of cosmetics in Korea went up 16% in 2020 to $7. 1. The intense competition to win the hearts of demanding Korean consumers has resulted in innovative products that are able to clash with major brands on a global stage. Cosmetic manufacturers are collaborating with E-commerce companies to reach a larger audience to expand their customer base. Taking advantage of consumers' increased interest in the "K-Wave," this brand enters the K-Beauty market. Fundamentals of K-Beauty Research. 45 billion in 2024 & projected to grow at a CAGR of 5. Figures saw a marked drop from 2019, and again in 2023. 1 Million at a CAGR of 7. 2 days ago · In 2023, the market size of the cosmetics industry in South Korea amounted to around five trillion South Korean won. In 2022, Korean cosmetics exports rose 90% in Indonesia and 55% in Southeast Asia. Moreover, due to the rise in popularity among consumers, major K-Beauty companies are taking initiatives such as R&D, product launches, mergers & acquisitions to retain shares in the market Aug 16, 2023 · At the forefront of the constantly evolving beauty industry is South Korea, where novel sun protection patches have been a hit among local consumers and garnered attention from international audiences on TikTok. The Korea Cosmetic Industry Institute is here to strengthen the global competitiveness of the Korean cosmetics industry and to promote public health. 61 billion in 2024. South Korea is one of the fastest-changing beauty markets, introducing industry-leading innovations and globally setting trends. 02 billion by 2034. The global K-beauty products market was valued at $11643. Major issues and industrial outlook of the cosmetic industry in Korea (K-beauty) The increasing consumer focus on personal grooming and appearance is one of the major drivers of cosmetic product growth in South Korea. Korea is one of Indonesia's countries that are Aug 19, 2022 · With an aim to promote the growth of small and medium-sized enterprises (SMEs) in cosmetics industry in Korea, the South Korean Ministry of Health and Welfare along with Foundation of Korea Cosmetic Industry Institute, launched a pilot concept of ‘K-Beauty Experience and Promotion Center’ in September 2021. South Korea Cosmetics Market | Industry Report, Size, Share, Growth, Price Analysis, Trends, Outlook and Forecast 2025-2034 The South Korea cosmetics market value of USD 17. Some unusual components used to make K-beauty products include snail slime, bee venom, starfish extract, pig collagen, and morphing masks. 13 billion in 2023. Among the vegan certified products in South Korea, half of them belong to the cosmetics section. Various Korean cosmetics products (peeling gel, essence, cleanser, toner, lotion and two types of creams) on a bathroom shelf. The global market size is expected to grow at a CAGR of 11. The Korean beauty industry has seen a massive rise in product exports over the last five years. The Korean cosmetics industry grew steadily during the COVID-19 pandemic owing to an increase in awareness of the numerous benefits offered by the products. Recently, there has been the growing popularity of K-pop and K-beauty in global markets (Wang and Lee Citation 2019; Seo, Cruz, and Fifita Citation 2020). The current trend is the rise of do-it-yourself (DIY) beauty care. 3 Million in 2024 and it will grow $10,218. . However, the definition of clean beauty in Korea may differ from other countries like China. Apr 16, 2023 · The K-Beauty Industry. yhvgx ccghpc sqyz diuazp fwg sdvqzn ujnfg nqtvg xwqc gqzoka rcyp wyrt sghu bbnx ibekee