SOUTH KOREA SKIN CARE MARKET FORECAST 2022-2028
TABLE OF CONTENTS
1. RESEARCH
SCOPE & METHODOLOGY
1.1. STUDY
OBJECTIVES
1.2. SCOPE
OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS
& LIMITATIONS
2. EXECUTIVE
SUMMARY
2.1. MARKET
SIZE & ESTIMATES
2.2. COUNTRY
SNAPSHOT
2.3. COUNTRY
ANALYSIS
2.4. KEY
GROWTH ENABLERS
2.5. KEY
CHALLENGES
3. KEY
ANALYTICS
3.1. IMPACT
OF COVID-19 ON SOUTH KOREA SKIN CARE MARKET
3.2. KEY
MARKET TRENDS
3.2.1. RISING
USE OF CLEAN PRODUCTS
3.2.2. INCREASING
SKIN CARE ADOPTION BY MEN
3.2.3. GROWING
INCLINATION TOWARDS ACTIVE INGREDIENTS IN SKIN CARE
3.2.4. USE OF
UNIQUE INGREDIENTS
3.2.5. ENTRY
OF PHARMACEUTICAL COMPANIES
3.3. PORTER’S
FIVE FORCES ANALYSIS
3.3.1. BUYERS
POWER
3.3.2. SUPPLIERS
POWER
3.3.3. SUBSTITUTION
3.3.4. NEW ENTRANTS
3.3.5. INDUSTRY
RIVALRY
3.4. OPPORTUNITY
MATRIX
3.5. PESTLE
ANALYSIS
3.6. VALUE
CHAIN ANALYSIS
3.7. KEY
BUYING CRITERIA
3.7.1. BRAND
NAME
3.7.2. PRICE
3.7.3. PRODUCT
FEATURES
3.7.4. PRODUCT
LABEL
4. MARKET
BY TYPE
4.1. BODY
CARE
4.1.1. FIRMING/ANTI-CELLULITE
BODY CARE
4.1.2. GENERAL
PURPOSE BODY CARE
4.2. FACIAL
CARE
4.2.1. ACNE
TREATMENT
4.2.2. FACE
MASKS
4.2.3. FACIAL
CLEANSERS
4.2.4. MOISTURISERS
AND TREATMENTS
4.2.5. LIP
CARE
4.2.6. TONERS
4.3. HAND
CARE
4.3.1. PREMIUM
HAND CARE
4.3.2. MASS
HAND CARE
4.4. SKIN
CARE SETS/KITS
5. MARKET
BY DISTRIBUTION CHANNEL
5.1. BEAUTY
SPECIALISTS
5.2. DRUGSTORES/PARAPHARMACIES
5.3. DIRECT
SELLING
5.4. HOMESHOPPING
5.5. E-COMMERCE
5.6. OTHER
DISTRIBUTION CHANNELS
6. COMPETITIVE
LANDSCAPE
6.1. MARKET
SHARE ANALYSIS
6.1.1. SKIN
CARE
6.2. BRAND
SHARE ANALYSIS
6.2.1. SKIN
CARE
6.3. COMPANY
PROFILES
6.3.1. AMOREPACIFIC
6.3.2. COSRX
INC
6.3.3. ELCA
KOREA CO LTD
6.3.4. LG
HOUSEHOLD & HEALTH CARE LTD
6.3.5. 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 %)
KEY FINDINGS
The South Korea skin
care market is estimated to register a CAGR of 2.00% during the forecast
period, 2022-2028. The regulatory framework, innovative technologies, and
rising preference for vegan products propel market growth. However, market
growth is restrained by mono-ethnic skin care culture hinders the market
growth.
Get more Insights into
the South Korea Skin Care Market:
https://inkwoodresearch.com/reports/south-korea-skin-care-market/
MARKET INSIGHTS
In
South Korea, cosmetics fall under two categories, regular cosmetics and
functional cosmetics. Functional cosmetics encompass tanning, sunscreen,
anti-wrinkle, and whitening products, and now include cosmetics, hair
nutrients, and colorants that protect damaged skin. The Ministry of Food and
Drug Safety (MFDS) authorizes the Korea Pharmaceutical Traders Association
(KPTA) to review and certify import permission requests by importers. Also, the
MFDS lays down clear procedures, regulations, and guidelines for advertisement,
labeling, brand holder, and manufacturers.
Furthermore,
the increasing composition of active ingredients offers growth opportunities.
Active ingredients are chemicals that actively target a particular skin concern,
like fine lines, pigmentation, and acne. The most common active ingredients are
hydroquinone, glycolic
acid, avobenzone, salicylic acid, retinoids, zinc oxide, vitamin C, benzoyl peroxide, etc. Moreover, private label goods are becoming
increasingly prevalent in South Korea. Such factors propel the South Korea skin
care market growth.
COMPETITIVE INSIGHTS
Some
of the key firms in the market are Elca Korea Co Ltd, COSRX Inc, Amorepacific, LG Household & Health Care
Ltd, etc.
Our
report offerings include:
·
Explore key findings of the overall market
·
Strategic breakdown of market dynamics
(Drivers, Restraints, Opportunities, Challenges)
·
Market forecasts for a minimum of 9 years,
along with 3 years of historical data for
all segments, sub-segments, and regions
·
Market Segmentation caters to a thorough
assessment of key segments with their market estimations
·
Geographical Analysis: Assessments of the
mentioned regions and country-level segments
with their market share
·
Key analytics: Porter’s Five Forces Analysis, Vendor
Landscape, Opportunity Matrix, Key Buying Criteria, etc.
·
Competitive landscape is the theoretical
explanation of the key companies based on factors, market share, etc.
·
Company profiling: A detailed company overview,
product/services offered, SCOT analysis, and recent strategic developments
SEGMENTATION
1. AMOREPACIFIC
2. COSRX
INC
3. ELCA
KOREA CO LTD
4. LG
HOUSEHOLD & HEALTH CARE LTD
5. L'ORÉAL
KOREA CO LTD
SOUTH KOREA SKIN CARE MARKET FORECAST 2022-2028
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