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K-Beauty Products Market Trends

Report ID: GMI6432
Published Date: Aug 2023
Report Format: PDF

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K-Beauty Products Market Trends

K-beauty products are known for their innovative formulations, unique ingredients, and focus on natural and organic components, which appeal to consumers seeking effective and gentle skincare solutions. Besides, the growing interest in eco-friendly and sustainable beauty products has led to the popularity of K-beauty brands that focus on environmentally friendly practices and packaging. For instance, in January 2023, Innisfree launched a new line of refillable skincare products. The products come in glass bottles with aluminum lids, which can be refilled at Innisfree stores.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market for K-beauty products was valued at USD 9.5 billion in 2022 and is projected to register a CAGR of 5.7% between 2023 and 2032, driven by the growing cultural influence. Through the popularity of K-pop and Korean dramas.

The haircare segment held around 28% revenue share in 2022 and will record a significant CAGR from 2023 to 2032 due to the innovative formulations and focus on natural ingredients.

North America market will undergo significant transformation over 2023-2032 owing to the growing influence of K-beauty trends and the popularity of K-pop and Korean dramas that have piqued the interest of North American consumers.

Amorepacific Corporation, LG Household & Health Care, Able C&C Co., Ltd., Cosrx and TonyMoly.