About K-beauty Products
Over the past few decades Korea spurred as worldwide beauty phenomenon it is commonly known for personal care datasets. The main focus of K-beauty products is more on health and hydration that nourishes the skin from within, rather than using it for makeup cover up flaws. These products are known as cosmeceuticals products with bioactive ingredients purported to have medicinal benefits. Moreover, k-products is one of the only products in the world from Korea which offers functional cosmetics as functional cosmetics are subjected to more stringent evaluation than general cosmetics. Celebrity looks are spread quickly via online and TV beauty shows and soon become a big consumer trend for K-beauty products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Fragmented nature of market owing to the number of players present in the market. Market leaders are focusing on product innovation due to changing customer demand and preferences. Increasing demand from emerging economies also driving the demand for lip gloss market. Analyst at AMA Research estimates that South Korea Vendors will contribute the maximum growth to Global K-beauty Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Able C&C Co., Ltd. (South Korea), Adwin Korea Corp. (South Korea), Annie's Way International Co., Ltd.(China), The Beauty Factory, Ltd. (United Kingdom), Bluehug, Inc., (South Korea), Bnh Cosmetics (South Korea), Ceragem Health And Beauty Co, Ltd.( South Korea), Ck Beauty Enterprise Inc. and Lg Household & Health Care (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dr. Jart+ (South Korea), Amorepacific Corporation (South Korea) and Others.
Segmentation Overview
AMA Research has segmented the market of Global K-beauty Products market by Type (Face Makeup, Colour Makeup, Nails & Tools, Skin Care, Pack/Mask, Cleansing and Others) and Region.
On the basis of geography, the market of K-beauty Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the K-beauty Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Low and Medium Priced Cosmetics will boost the K-beauty Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Male will boost the K-beauty Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Tapping Of Korean Beauty Products into Celebrity Innovative Skincare Products with Sponsored By Comprehensive Research and Development and Category Trends and Innovation Including, Skincare, Color Cosmetics, Haircare Products Leveraging Popularity
Market Growth Drivers:
Up Surging In the Consumers Inclination towards Products Developed From Unique Ingredients and Rising Quality Growth of K-Beauty Products Overseas
Challenges:
Low Pacific, Adapting To Domestic Competition Led Global Competitiveness
Restraints:
Long Term Investment & Expensive To Maintain and Time-Consuming Procedure of Ten Step Routine of K-Products
Opportunities:
The entrance of Online Channels, Which Is Opening Up New Sales-Growth Opportunities and Development and The Male Cosmetics Market Is Growing Fast In South Korea and Across the World
Market Leaders and their expansionary development strategies
In July 2023, Korean Beauty Supplies, a leading cosmetics and skincare industry brand, is proud to announce its continued commitment to revolutionizing beauty standards worldwide through an exquisite collection of authentic Korean beauty products.
Key Target Audience
K-beauty Products Manufacturers, Makeup Product Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.