The South Korea skin care market was valued at $6016.59 million in 2021, and is expected to reach $7083.81 million by 2028, growing at a CAGR of 2.00% during the forecast period, 2022-2028.

SOUTH KOREA SKIN CARE MARKET FORECAST 2022-2028

South Korea Skin Care Market by Type (Body Care, Facial Care, Hand Care, Skin Care Sets/Kits) Market by Distribution Channel (Beauty Specialists, Drugstores/Parapharmacies, Direct Selling, Homeshopping, E-commerce, Other Distribution Channels)

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The South Korea skin care market was valued at $6016.59 million in 2021, and is expected to reach $7083.81 million by 2028, growing at a CAGR of 2.00% during the forecast period, 2022-2028.

A person’s skin reflects their lifestyle, age, and health. Some indicators of healthy skin include skin surface features, tone, color, and pigmentation. In order to maintain the skin’s ‘excellent state,’ the cosmetic and pharmaceutical industries provide a large arsenal of skin care products and procedures that clean, soothe, repair, reinforce, protect, and treat the skin.

South Korea Skin Care Market

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South Korea is one of the top 10 beauty markets worldwide, known for its innovative technology, gentle ingredients, and attractive packaging. According to the Korea Customs Services statistics, skin care cosmetics were the largest import category in 2021, accounting for 34.17% or $560 million, of total cosmetic imports. In 2020, France ($433 million), the United States ($337 million), and Japan ($161 million) were the top three exporting nations to Korea individually.

One of the key growth drivers of the South Korea skin care market is the growing inclination toward natural and vegan skin care products. Korean clean skincare products frequently advertise the phrase ‘Zero Water,’ which denotes a high concentration of undiluted natural components. Besides, in certain instances, ‘zero water’ in K-Beauty natural skincare products may be nearly equivalent to ‘natural.’ Additionally, in Korea, purchasing vegan cosmetics is common, in contrast to many western countries where the concept of veganism is mostly applied to food.

However, the South Korea skin care market growth is hindered by declining Chinese consumer demands and changing distribution patterns brought on by sluggish domestic demand and heightened competition. The industry is shutting down branches as sales decline. Also, due to excessive packaging by several Korean brands, sustainability has become a significant problem in the skin care industry. Natural skincare products, particularly those bought online, are layered with numerous pointless layers, much like many other products. Such issues may hamper the market growth.

Inkwood Research’s report on the South Korea skin care market provides an in-depth insight & segmentation analysis of the market. The detailed analysis of the market includes PESTLE analysis, competitive landscape, key buying criteria, market share analysis, brand share analysis, and value chain analysis. The segmentation analysis of the market includes type and distribution channel.

Some of the eminent companies in the South Korea skin care market are LG Household & Health Care Ltd, Amore Pacific Corp, L’Oréal Korea Co Ltd, Elca Korea Co Ltd, etc.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON SOUTH KOREA SKIN CARE MARKET
      • KEY MARKET TRENDS
        • RISING USE OF CLEAN PRODUCTS
        • INCREASING SKIN CARE ADOPTION BY MEN
        • GROWING INCLINATION TOWARDS ACTIVE INGREDIENTS IN SKIN CARE
        • USE OF UNIQUE INGREDIENTS
        • ENTRY OF PHARMACEUTICAL COMPANIES
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • PESTLE ANALYSIS
      • VALUE CHAIN ANALYSIS
      • KEY BUYING CRITERIA
        • BRAND NAME
        • PRICE
        • PRODUCT FEATURES
        • PRODUCT LABEL
    1. MARKET BY TYPE
      • BODY CARE
        • FIRMING/ANTI-CELLULITE BODY CARE
        • GENERAL PURPOSE BODY CARE
      • FACIAL CARE
        • ACNE TREATMENT
        • FACE MASKS
        • FACIAL CLEANSERS
        • MOISTURISERS AND TREATMENTS
        • LIP CARE
        • TONERS
      • HAND CARE
        • PREMIUM HAND CARE
        • MASS HAND CARE
      • SKIN CARE SETS/KITS
    2. MARKET BY DISTRIBUTION CHANNEL
      • BEAUTY SPECIALISTS
      • DRUGSTORES/PARAPHARMACIES
      • DIRECT SELLING
      • HOMESHOPPING
      • E-COMMERCE
      • OTHER DISTRIBUTION CHANNELS
    3. COMPETITIVE LANDSCAPE
      • MARKET SHARE ANALYSIS
        • SKIN CARE
      • BRAND SHARE ANALYSIS
        • SKIN CARE
      • COMPANY PROFILES
        • AMOREPACIFIC
        • COSRX INC
        • ELCA KOREA CO LTD
        • LG HOUSEHOLD & HEALTH CARE LTD
        • L’ORÉAL KOREA CO LTD

    LIST OF TABLES

    TABLE 1: SOUTH KOREA – COUNTRY SNAPSHOT

    TABLE 2: SOUTH KOREA SKIN CARE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: SOUTH KOREA SKIN CARE MARKET, BY TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 4: SOUTH KOREA SKIN CARE MARKET, BY BODY CARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: SOUTH KOREA SKIN CARE MARKET, BY BODY CARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 6: SOUTH KOREA SKIN CARE MARKET, BY FACIAL CARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: SOUTH KOREA SKIN CARE MARKET, BY FACIAL CARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 8: SOUTH KOREA SKIN CARE MARKET, BY HAND CARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: SOUTH KOREA SKIN CARE MARKET, BY HAND CARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 10: SOUTH KOREA SKIN CARE MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: SOUTH KOREA SKIN CARE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 12: SOUTH KOREA SKIN CARE MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)

    TABLE 13: SOUTH KOREA SKIN CARE MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)   

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VALUE CHAIN ANALYSIS

    FIGURE 5: KEY BUYING CRITERIA

    FIGURE 6: SOUTH KOREA SKIN CARE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 7: SOUTH KOREA SKIN CARE MARKET, BY BODY CARE, 2022-2028 (IN $ MILLION)

    FIGURE 8: SOUTH KOREA SKIN CARE MARKET, GROWTH POTENTIAL, BY BODY CARE, IN 2021

    FIGURE 9: SOUTH KOREA SKIN CARE MARKET, BY FIRMING/ANTI-CELLULITE BODY CARE, 2022-2028 (IN $ MILLION)

    FIGURE 10: SOUTH KOREA SKIN CARE MARKET, BY GENERAL PURPOSE BODY CARE, 2022-2028 (IN $ MILLION)

    FIGURE 11: SOUTH KOREA SKIN CARE MARKET, BY FACIAL CARE, 2022-2028 (IN $ MILLION)

    FIGURE 12: SOUTH KOREA SKIN CARE MARKET, GROWTH POTENTIAL, BY FACIAL CARE, IN 2021

    FIGURE 13: SOUTH KOREA SKIN CARE MARKET, BY ACNE TREATMENT, 2022-2028 (IN $ MILLION)

    FIGURE 14: SOUTH KOREA SKIN CARE MARKET, BY FACE MASKS, 2022-2028 (IN $ MILLION)

    FIGURE 15: SOUTH KOREA SKIN CARE MARKET, BY FACIAL CLEANSERS, 2022-2028 (IN $ MILLION)

    FIGURE 16: SOUTH KOREA SKIN CARE MARKET, BY MOISTURISERS AND TREATMENTS, 2022-2028 (IN $ MILLION)

    FIGURE 17: SOUTH KOREA SKIN CARE MARKET, BY LIP CARE, 2022-2028 (IN $ MILLION)

    FIGURE 18: SOUTH KOREA SKIN CARE MARKET, BY TONERS, 2022-2028 (IN $ MILLION)

    FIGURE 19: SOUTH KOREA SKIN CARE MARKET, BY HAND CARE, 2022-2028 (IN $ MILLION)

    FIGURE 20: SOUTH KOREA SKIN CARE MARKET, GROWTH POTENTIAL, BY HAND CARE, IN 2021

    FIGURE 21: SOUTH KOREA SKIN CARE MARKET, BY PREMIUM HAND CARE, 2022-2028 (IN $ MILLION)

    FIGURE 22: SOUTH KOREA SKIN CARE MARKET, BY MASS HAND CARE, 2022-2028 (IN $ MILLION)

    FIGURE 23: SOUTH KOREA SKIN CARE MARKET, BY SKIN CARE SETS/KITS, 2022-2028 (IN $ MILLION)

    FIGURE 24: SOUTH KOREA SKIN CARE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2021

    FIGURE 25: SOUTH KOREA SKIN CARE MARKET, BY BEAUTY SPECIALISTS, 2022-2028 (IN $ MILLION)

    FIGURE 26: SOUTH KOREA SKIN CARE MARKET, BY DRUGSTORES/PARAPHARMACIES, 2022-2028 (IN $ MILLION)

    FIGURE 27: SOUTH KOREA SKIN CARE MARKET, BY DIRECT SELLING, 2022-2028 (IN $ MILLION)

    FIGURE 28: SOUTH KOREA SKIN CARE MARKET, BY HOMESHOPPING, 2022-2028 (IN $ MILLION)

    FIGURE 29: SOUTH KOREA SKIN CARE MARKET, BY E-COMMERCE, 2022-2028 (IN $ MILLION)

    FIGURE 30: SOUTH KOREA SKIN CARE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2022-2028 (IN $ MILLION)

    FIGURE 31: SOUTH KOREA SKIN CARE MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)

    FIGURE 32: SOUTH KOREA SKIN CARE MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)       

    1. MARKET BY TYPE
      • BODY CARE
        • FIRMING/ANTI-CELLULITE BODY CARE
        • GENERAL PURPOSE BODY CARE
      • FACIAL CARE
        • ACNE TREATMENT
        • FACE MASKS
        • FACIAL CLEANSERS
        • MOISTURISERS AND TREATMENTS
        • LIP CARE
        • TONERS
      • HAND CARE
        • PREMIUM HAND CARE
        • MASS HAND CARE
      • SKIN CARE SETS/KITS
    2. MARKET BY DISTRIBUTION CHANNEL
      • BEAUTY SPECIALISTS
      • DRUGSTORES/PARAPHARMACIES
      • DIRECT SELLING
      • HOMESHOPPING
      • E-COMMERCE
      • OTHER DISTRIBUTION CHANNELS

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    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

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