ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET FORECAST 2023-2032
SCOPE OF THE REPORT
Asia-Pacific K-beauty Products Market by Gender (Male, Female) Market by Product Type (Skincare (Cleanser, Toner, Moisturizer, Sheet Mask & Spot Patch, Lip Care, Eye Care, Sun Protection), Body Care (Hand Care, Foot Care, Hair Care), Makeup (Eye Makeup, Lip Makeup, Face Makeup)) Market by Distribution Channel (Specialty/single-brand Store, Supermarket/hypermarket, E-commerce) by Geography
REPORTS » CONSUMER GOODS » PERSONAL CARE » ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET FORECAST 2023-2032
MARKET OVERVIEW
The Asia-Pacific K-beauty products market is projected to register a CAGR of 9.67% during the forecasting years of 2023 to 2032, acquiring a revenue share of $12645.57 million by 2032.
Factors such as the growing middle-class population, the increasing demand for beauty products manufactured using natural as well as organic ingredients instead of synthetic, and the surge in the purchasing power of consumers are expected to propel the regional market’s growth. However, the Asia-Pacific K-beauty products market may face challenges such as the rise in counterfeit Korean cosmetics leading to adverse allergic reactions.
To Know More About This Report, Request a Free Sample Copy
The Asia-Pacific K-beauty products market growth assessment covers the in-depth study of China, Japan, India, South Korea, Indonesia, Malaysia, Singapore, Australia & New Zealand, and Rest of Asia-Pacific. China ranks among the world’s top cosmetics markets, following the United States, both in terms of revenue and consumption value. It represents one of the most rapidly expanding and promising business sectors in China’s near-term economic landscape. This growth is attributed to factors such as urbanization, increasing disposable income, and the considerable influence of social media, all of which are fueling a surging demand for premium, high-quality, and luxury beauty and personal care products. Furthermore, over recent years, South Korean beauty products have gained remarkable traction in the Chinese market. This is mainly accredited to their distinctive ingredients and formulations, alignment with natural beauty and skincare trends, competitively priced luxury offerings, and strategic collaborations with influential figures in the industry.
Japan stands as one of the world’s significant markets for cosmetics products, known for its consumer base that prioritizes top-tier quality and cutting-edge technologies in its beauty purchases. Consequently, dermatological cosmetics, brands with doctor-researched and developed product lines, and those endorsed at medical facilities are experiencing substantial sales growth in the country. Furthermore, in a notable development, South Korean cosmetics have surpassed their French counterparts to claim the top position in the Japanese import market in 2022. According to estimates from the Cosmetics Importers Association of Japan (CIAJ), the import of South Korean cosmetics, including fragrances and shampoos, was projected to exceed that of France in 2022. These factors, in turn, are set to drive the K-beauty products market growth in the Asia-Pacific during the estimated period.
The Asia-Pacific K-beauty products market is segmented into gender, product type, and distribution channel. The distribution channel segment includes specialty/single-brand store, supermarket/hypermarket, and e-commerce. Specialty stores and mono-brand outlets offer a carefully selected range of cosmetic products, staffed by well-informed professionals who deliver quality customer service. The platform also empowers brands to convey in-depth product information to consumers through beauty experts, fostering a deeper and more direct rapport with their audience. As a result, a distinctive and tailored shopping experience is cultivated, ultimately encouraging consumers to make purchases that align with their unique individual needs and preferences.
Some of the leading firms operating in the Asia-Pacific K-beauty products market include AmorePacific Corporation, Adwin Korea Corporation, LG H&H Co Ltd, etc.
Adwin Korea Corporation, headquartered in South Korea, is a leading cosmetic company. Its product range includes cleansing, facial sheet masks, skincare, hair & body care, hair color products, and hand & foot care. While the company’s factories are located in South Korea, its products are sold globally. The international partners of Adwin include Walgreens, Rite Aid, Target, Forever 21, SASA, AS Watson Group, Missha, Mediheal, Holika Holika, Cosnova, PZ Cussons, and Jan van der Leek.
REPORT SYNOPSIS
REPORT SCOPE | DETAILS |
---|---|
Market Forecast Years | 2023-2032 |
Base Year | 2022 |
Market Historical Years | 2018-2022 |
Forecast Units | Revenue ($Million) |
Segments Analyzed | Gender, Product Type, Distribution Channel |
Countries Analyzed | China, Japan, India, South Korea, Indonesia, Malaysia, Singapore, Australia & New Zealand, and Rest of Asia-Pacific |
Companies Analyzed | Able C&C Co Ltd, Adwin Korea Corporation, AmorePacific Corporation, Banila Co, BNH Cosmetics, CALA Products, Clio, CosRX Inc, Glow Recipe, Holika Holika, LG H&H Co Ltd, Nature Republic, Peach & Lily, The Crème Shop, TonyMoly Co Ltd |
TABLE OF CONTENT
RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- IMPACT OF COVID-19 ON K-BEAUTY PRODUCTS MARKET
- MAJOR MARKET FINDINGS
- INCLUSIVE RANGE FOR PEOPLE OF COLOR
- DROP IN K-BEAUTY EXPORTS TO CHINA
- INNOVATIVE PACKAGING – A TROPE IN K-BEAUTY PRODUCTS MARKET
MARKET DYNAMICS
- KEY DRIVERS
- SURGE IN DEMAND FOR NATURAL AND ORGANIC PERSONAL CARE & COSMETICS
- K-BEAUTY PRODUCTS REVOLUTIONIZED THROUGH PRODUCT INNOVATION AND EXTENSIVE R&D
- PROMINENCE OF MALE SKINCARE CATEGORY
- KEY RESTRAINTS
- RISE IN DUPED K-BEAUTY PRODUCTS
- STRONG COMPETITION FROM ESTABLISHED INTERNATIONAL BRANDS
- KEY DRIVERS
KEY ANALYTICS
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- GROWTH PROSPECT MAPPING FOR SOUTH KOREA
- VALUE CHAIN ANALYSIS
- KEY BUYING CRITERIA
- INGREDIENTS
- PACKAGING
- SKIN TYPE
- COST
MARKET BY GENDER
- MALE
- FEMALE
MARKET BY PRODUCT TYPE
- SKINCARE
- CLEANSER
- TONER
- MOISTURIZER
- SHEET MASK & SPOT PATCH
- LIP CARE
- EYE CARE
- SUN PROTECTION
- BODY CARE
- HAND CARE
- FOOT CARE
- HAIR CARE
- MAKEUP
- EYE MAKEUP
- LIP MAKEUP
- FACE MAKEUP
- SKINCARE
MARKET BY DISTRIBUTION CHANNEL
- SPECIALTY/SINGLE-BRAND STORE
- SUPERMARKET/HYPERMARKET
- E-COMMERCE
GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET ESTIMATES & SIZES
- ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET DRIVERS
- ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET CHALLENGES
- ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET REGULATORY FRAMEWORK
- KEY PLAYERS IN ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET
- COUNTRY ANALYSIS
- CHINA
- CHINA K-BEAUTY PRODUCTS MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN K-BEAUTY PRODUCTS MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA K-BEAUTY PRODUCTS MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA K-BEAUTY PRODUCTS MARKET SIZE & OPPORTUNITIES
- SINGAPORE
- SINGAPORE K-BEAUTY PRODUCTS MARKET SIZE & OPPORTUNITIES
- MALAYSIA
- MALAYSIA K-BEAUTY PRODUCTS MARKET SIZE & OPPORTUNITIES
- VIETNAM
- VIETNAM K-BEAUTY PRODUCTS MARKET SIZE & OPPORTUNITIES
- AUSTRALIA & NEW ZEALAND
- AUSTRALIA & NEW ZEALAND K-BEAUTY PRODUCTS MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- ACQUISITIONS
- PRODUCT LAUNCHES
- PARTNERSHIPS
- COMPANY PROFILES
- ABLE C&C CO LTD
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- ADWIN KOREA CORPORATION
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- AMOREPACIFIC CORPORATION
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- BANILA CO
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- BNH COSMETICS
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- CALA PRODUCTS
- COMPANY OVERVIEW
- PRODUCT LIST
- CLIO
- COMPANY OVERVIEW
- PRODUCT LIST
- COSRX INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- GLOW RECIPE
- COMPANY OVERVIEW
- PRODUCT LIST
- HOLIKA HOLIKA
- COMPANY OVERVIEW
- PRODUCT LIST
- LG H&H CO LTD
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- NATURE REPUBLIC
- COMPANY OVERVIEW
- PRODUCT LIST
- PEACH & LILY
- COMPANY OVERVIEW
- PRODUCT LIST
- THE CRÈME SHOP
- COMPANY OVERVIEW
- PRODUCT LIST
- TONYMOLY CO LTD
- COMPANY OVERVIEW
- PRODUCT LIST
- ABLE C&C CO LTD
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – K-BEAUTY PRODUCTS
TABLE 2: EXAMPLE OF NOVEL INGREDIENTS IN K-BEAUTY PRODUCTS
TABLE 3: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY GENDER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY GENDER, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY SKINCARE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY SKINCARE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY BODY CARE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY BODY CARE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY MAKEUP, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY MAKEUP, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET REGULATORY FRAMEWORK
TABLE 18: KEY PLAYERS OPERATING IN ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET
TABLE 19: LIST OF ACQUISITIONS
TABLE 20: LIST OF PRODUCT LAUNCHES
TABLE 21: LIST OF PARTNERSHIPS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR SOUTH KOREA
FIGURE 4: VALUE CHAIN ANALYSIS
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, GROWTH POTENTIAL, BY GENDER, IN 2022
FIGURE 7: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY MALE, 2023-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY FEMALE, 2023-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022
FIGURE 10: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY SKINCARE, 2023-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, GROWTH POTENTIAL, BY SKINCARE, IN 2022
FIGURE 12: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY CLEANSER, 2023-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY TONER, 2023-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY MOISTURIZER, 2023-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY SHEET MASK & SPOT PATCH, 2023-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY LIP CARE, 2023-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY EYE CARE, 2023-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY SUN PROTECTION, 2023-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY BODY CARE, 2023-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, GROWTH POTENTIAL, BY BODY CARE, IN 2022
FIGURE 21: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY HAND CARE, 2023-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY FOOT CARE, 2023-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY HAIR CARE, 2023-2032 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY MAKEUP, 2023-2032 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, GROWTH POTENTIAL, BY MAKEUP, IN 2022
FIGURE 26: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY EYE MAKEUP, 2023-2032 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY LIP MAKEUP, 2023-2032 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY FACE MAKEUP, 2023-2032 (IN $ MILLION)
FIGURE 29: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2022
FIGURE 30: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY SPECIALTY/SINGLE-BRAND STORE, 2023-2032 (IN $ MILLION)
FIGURE 31: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY SUPERMARKET/HYPERMARKET, 2023-2032 (IN $ MILLION)
FIGURE 32: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY E-COMMERCE, 2023-2032 (IN $ MILLION)
FIGURE 33: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)
FIGURE 34: CHINA K-BEAUTY PRODUCTS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 35: JAPAN K-BEAUTY PRODUCTS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 36: INDIA K-BEAUTY PRODUCTS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 37: SOUTH KOREA K-BEAUTY PRODUCTS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 38: SINGAPORE K-BEAUTY PRODUCTS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 39: MALAYSIA K-BEAUTY PRODUCTS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 40: VIETNAM K-BEAUTY PRODUCTS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 41: AUSTRALIA & NEW ZEALAND K-BEAUTY PRODUCTS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 42: REST OF ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, 2023-2032 (IN $ MILLION)
FAQ’s
RELATED REPORTS
-
ASIA-PACIFIC OPHTHALMIC DRUGS MARKET FORECAST 2023-2032
-
ASIA-PACIFIC DEFOAMERS MARKET FORECAST 2024-2032
-
GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET FORECAST 2023-2032
-
AUSTRALIA & NEW ZEALAND CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET FORECAST 2023-2028
-
UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET FORECAST 2023-2028
-
CANADA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET FORECAST 2023-2028
-
ASIA-PACIFIC CYBER SECURITY MARKET FORECAST 2023-2032
-
ASIA-PACIFIC AUTOMOTIVE DATA MONETIZATION MARKET FORECAST 2023-2030
-
ASIA-PACIFIC FLUE GAS DESULFURIZATION MARKET FORECAST 2023-2032
-
ASIA-PACIFIC THERMAL INTERFACE MATERIALS MARKET FORECAST 2023-2032