South Korea Skincare Market Summary, Competitive Analysis and Forecast to 2028
- Pages: 45
- Published: May 2024
- Report Code: MLOHMF24499
Skincare in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
– The skincare market consists of the retail sale of facial care, body care, hand care, depilatories, and make-up remover products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2023 exchange rates.
– The South Korean Skincare market had total revenues of $6,774.3 million in 2023, representing a compound annual growth rate (CAGR) of 6.2% between 2018 and 2023.
– Market consumption volume increased with a CAGR of 3.2% between 2018 and 2023, to reach a total of 763.4 million units in 2023.
– The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.5% for the five-year period 2023 – 2028, which is expected to drive the market to a value of $8,051.4 million by the end of 2028.
Scope
– Save time carrying out entry-level research by identifying the size, growth, and leading players in the skincare market in South Korea
– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the skincare market in South Korea
– Leading company profiles reveal details of key skincare market players’ global operations and financial performance
– Add weight to presentations and pitches by understanding the future growth prospects of the South Korea skincare market with five year forecasts by both value and volume
Reasons to buy
- What was the size of the South Korea skincare market by value in 2023?- What will be the size of the South Korea skincare market in 2028?
- What factors are affecting the strength of competition in the South Korea skincare market?
- How has the market performed over the last five years?
- How large is South Korea’s skincare market in relation to its regional counterparts?
Companies mentioned
Amorepacific Corp
LG Corp
The Estee Lauder Companies Inc
L'Oreal SA
Table of Contents
List of Tables
List of Figures
Pricing
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