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GLOBAL K-BEAUTY PRODUCTS MARKET FORECAST 2021-2028

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GLOBAL K-BEAUTY PRODUCTS MARKET FORECAST 2021-2028

As per Inkwood Research, the global K-beauty products market is projected to register a CAGR of 9.79%, generating a revenue of $15960 million by 2028. The base year considered for the market study is 2020 and the forecast years are from 2021 to 2028. K-beauty (Korean beauty) products are skincare products that originated or were produced in Korea.

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GLOBAL K-BEAUTY PRODUCTS MARKET FORECAST 2021-2028

Global K-beauty Products Market by Type (Sheet Mask, Moisturizer, Cleanser, Makeup, Other Types) Market by Distribution Channel (Specialty & Single Brand Store, Supermarket/ Hypermarket, E-commerce) Market by Gender (Female K-beauty Products, Male K-beauty Products) and by Geography

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As per Inkwood Research, the global K-beauty products market is projected to register a CAGR of 9.79%, generating a revenue of $15960 million by 2028. The base year considered for the market study is 2020 and the forecast years are from 2021 to 2028.

K-beauty (Korean beauty) products are skincare products that originated or were produced in Korea. They are primarily based on the Korean beauty concept of maintaining the skin’s health, hydration, and radiance through natural ingredients instead of chemical-based products, to improve appearance. The focus of the products is to gently nurture the skin with a proper routine.
k-beauty-products-market

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K-beauty products include sheet masks, moisturizers, cleansers, makeup, serums, and others. Ingredients such as snail mucin, starfish extract, and hyaluronic acid are majorly utilized to form K-beauty products.

Key factors propelling the global K-beauty products market growth:

  • Demand for organic products
  • Curiosity to try innovative products
  • Extensive research and development
  • Boom in e-commerce and social media
    • The promotion of K-beauty products is on the rise due to the growing beauty and skincare-related content posted by social media influencers.
    • The growth of the e-commerce distribution channel further boosts the comparatively lesser-known K-beauty products to reach the maximum number of consumers.

Major growth restraining factors:

  • Less awareness
  • Use of animal products
    • K-beauty products contain animal-derived ingredients such as snail mucin and starfish extract.
    • People may not be interested in animal-based products due to veganism and in support of animal well-being.

The report on the global K-beauty products market includes the segmentation analysis based on type, gender, and distribution channel. These segments are further classified to provide a detailed analysis of the studied market.

Market by Distribution Channel:

  • E-commerce
    • E-commerce is the fastest-growing distribution channel in the global K-beauty products market.
    • E-commerce provides the market with the required exposure and targeted consumers for relatively new K-beauty products.
  • Specialty & Single Brand Store
  • Supermarket/ Hypermarket

Geographically, the global K-beauty products market has been segmented based on four major regions, which includes:

  • North America: The United States and Canada
  • Europe: Germany, the United Kingdom, Italy, France, Belgium, Russia, Poland, and Rest of Europe
  • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific.
    • The Asia-Pacific held the highest market share in 2020.
    • The presence of the world’s largest manufacturing industry in the region has resulted in its major share across the global K-beauty products market.
  • Rest of World: Latin America, the Middle East & Africa

Major market players in the global K-beauty products market:

  • LG Household & Health Care Ltd
  • Carver Korea Co Ltd (Unilever Group)
  • BNH Cosmetics LLC
  • AmorePacific Corporation
  • Able C&C Co Ltd
  • Others

Key strategies adopted by some of these companies:

In October 2020, Able C&C’s Korean cosmetics brand, Missha, partnered with Lily & Beauty, the leading provider of online cosmetics marketing and retailing services.

Key findings of the global K-beauty products market:

  • Female is the largest segment under the gender category.
  • The e-commerce segment, under the distributing channel category, held the highest market share in 2020.
  • Moisturizer is the dominating type.

Frequently Asked Questions (FAQs):

  • Which is the fastest-growing gender in the global K-beauty products market?

   A: Male is the fastest-growing gender in the global K-beauty products market.

  • Which is the leading type in the global K-beauty products market?

   A: Cleanser is the leading type in the global K-beauty products market.

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET SCOPE
    • KEY DRIVERS
      • DEMAND FOR ORGANIC PRODUCTS
      • CURIOSITY TO TRY INNOVATIVE PRODUCTS
      • EXTENSIVE RESEARCH AND DEVELOPMENT
      • BOOM IN E-COMMERCE AND SOCIAL MEDIA
    • KEY RESTRAINTS
      • USE OF ANIMAL PRODUCTS
      • LESS AWARENESS
  1. KEY ANALYTICS
    • IMPACT OF COVID-19 ON K-BEAUTY PRODUCTS MARKET
    • KEY MARKET TRENDS
    • PORTER’S FIVE FORCES ANALYSIS
      • BUYERS POWER
      • SUPPLIERS POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY TYPE
    • SHEET MASK
    • MOISTURIZER
    • CLEANSER
    • MAKEUP
    • OTHER TYPES
  3. MARKET BY DISTRIBUTION CHANNEL
    • SPECIALTY & SINGLE BRAND STORE
    • SUPERMARKET/ HYPERMARKET
    • E-COMMERCE
  4. MARKET BY GENDER
    • FEMALE K-BEAUTY PRODUCTS
    • MALE K-BEAUTY PRODUCTS
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    •  EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    •  ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • SINGAPORE
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
    •  REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • REGION ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • KEY STRATEGIC DEVELOPMENTS
      • MERGERS & ACQUISITIONS
      • PRODUCT LAUNCHES & DEVELOPMENTS
      • PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
      • BUSINESS EXPANSIONS
    • COMPANY PROFILES
      • ABLE C&C CO LTD
      • ADWIN KOREA CORPORATION
      • AMOREPACIFIC CORPORATION
      • ANNIE’S WAY INTERNATIONAL CO LTD
      • BNH COSMETICS LLC
      • CALA PRODUCTS
      • CARVER KOREA CO LTD (UNILEVER GROUP)
      • CERAGEM MALAYSIA SDN BHD
      • COSRX INC
      • LG HOUSEHOLD & HEALTH CARE LTD

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – K-BEAUTY PRODUCTS

TABLE 2: GLOBAL K-BEAUTY PRODUCTS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: GLOBAL K-BEAUTY PRODUCTS MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 4: GLOBAL SHEET MASK MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: GLOBAL SHEET MASK MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL MOISTURIZER MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL MOISTURIZER MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 8: GLOBAL CLEANSER MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: GLOBAL CLEANSER MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 10: GLOBAL MAKEUP MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: GLOBAL MAKEUP MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL OTHER TYPES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 13: GLOBAL OTHER TYPES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 14: GLOBAL K-BEAUTY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 15: GLOBAL K-BEAUTY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 16: GLOBAL SPECIALTY & SINGLE BRAND STORE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 17: GLOBAL SPECIALTY & SINGLE BRAND STORE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 18: GLOBAL SUPERMARKET/ HYPERMARKET MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 19: GLOBAL SUPERMARKET/ HYPERMARKET MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 20: GLOBAL E-COMMERCE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 21: GLOBAL E-COMMERCE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 22: GLOBAL K-BEAUTY PRODUCTS MARKET, BY GENDER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 23: GLOBAL K-BEAUTY PRODUCTS MARKET, BY GENDER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 24: GLOBAL FEMALE K-BEAUTY PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 25: GLOBAL FEMALE K-BEAUTY PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 26: GLOBAL MALE K-BEAUTY PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 27: GLOBAL MALE K-BEAUTY PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 28: GLOBAL K-BEAUTY PRODUCTS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 29: GLOBAL K-BEAUTY PRODUCTS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN MILLION)

TABLE 30: NORTH AMERICA K-BEAUTY PRODUCTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 31: NORTH AMERICA K-BEAUTY PRODUCTS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 32: KEY PLAYERS OPERATING IN NORTH AMERICA K-BEAUTY PRODUCTS MARKET

TABLE 33: EUROPE K-BEAUTY PRODUCTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 34: EUROPE K-BEAUTY PRODUCTS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 35: KEY PLAYERS OPERATING IN EUROPE K-BEAUTY PRODUCTS MARKET

TABLE 36: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 37: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 38: KEY PLAYERS OPERATING IN ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET

TABLE 39: REST OF WORLD K-BEAUTY PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 40: REST OF WORLD K-BEAUTY PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 41: KEY PLAYERS OPERATING IN REST OF WORLD K-BEAUTY PRODUCTS MARKET

TABLE 42: LIST OF MERGERS & ACQUISITIONS

TABLE 43: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 44: LIST OF PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS

TABLE 45: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL K-BEAUTY PRODUCTS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

FIGURE 6: GLOBAL K-BEAUTY PRODUCTS MARKET, BY SHEET MASK, 2021-2028 (IN $ MILLION)

FIGURE 7: GLOBAL K-BEAUTY PRODUCTS MARKET, BY MOISTURIZER, 2021-2028 (IN $ MILLION)

FIGURE 8: GLOBAL K-BEAUTY PRODUCTS MARKET, BY CLEANSER, 2021-2028 (IN $ MILLION)

FIGURE 9: GLOBAL K-BEAUTY PRODUCTS MARKET, BY MAKEUP, 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL K-BEAUTY PRODUCTS MARKET, BY OTHER TYPES, 2021-2028 (IN $ MILLION)

FIGURE 11: GLOBAL K-BEAUTY PRODUCTS MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2020

FIGURE 12: GLOBAL K-BEAUTY PRODUCTS MARKET, BY SPECIALTY & SINGLE BRAND STORE, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL K-BEAUTY PRODUCTS MARKET, BY SUPERMARKET/ HYPERMARKET, 2021-2028 (IN $ MILLION)

FIGURE 14: GLOBAL K-BEAUTY PRODUCTS MARKET, BY E-COMMERCE, 2021-2028 (IN $ MILLION)

FIGURE 15: GLOBAL K-BEAUTY PRODUCTS MARKET, GROWTH POTENTIAL, BY GENDER, IN 2020

FIGURE 16: GLOBAL K-BEAUTY PRODUCTS MARKET, BY FEMALE, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL K-BEAUTY PRODUCTS MARKET, BY MALE K-BEAUTY PRODUCTS, 2021-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA K-BEAUTY PRODUCTS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 19: UNITED STATES K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 20: CANADA K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 21: EUROPE K-BEAUTY PRODUCTS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 22: UNITED KINGDOM K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 23: GERMANY K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 24: FRANCE K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: ITALY K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: RUSSIA K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: BELGIUM K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: POLAND K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: REST OF EUROPE K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 31: CHINA K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 32: JAPAN K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 33: INDIA K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 34: SOUTH KOREA K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: SINGAPORE K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 36: THAILAND K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: VIETNAM K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 38: AUSTRALIA & NEW ZEALAND K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 39: REST OF ASIA-PACIFIC K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 40: REST OF WORLD K-BEAUTY PRODUCTS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 41: LATIN AMERICA K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 42: MIDDLE EAST AND AFRICA K-BEAUTY PRODUCTS MARKET, 2021-2028 (IN $ MILLION)

  1. MARKET BY TYPE
    • SHEET MASK
    • MOISTURIZER
    • CLEANSER
    • MAKEUP
    • OTHER TYPES
  2. MARKET BY DISTRIBUTION CHANNEL
    • SPECIALTY & SINGLE BRAND STORE
    • SUPERMARKET/ HYPERMARKET
    • E-COMMERCE
  3. MARKET BY GENDER
    • FEMALE K-BEAUTY PRODUCTS
    • MALE K-BEAUTY PRODUCTS
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    •  EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    •  ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • SINGAPORE
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
    •  REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • REGION ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST AND AFRICA

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