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Demand for Organic Products to Significantly Benefit the Global K-Beauty Products Market Growth
According to the estimations put forth by Inkwood Research, the Global K-Beauty Products Market is anticipated to register a CAGR of 10.07% in terms of revenue during the forecasting years of 2022-2030."Browse 41 Market Data Tables and 42 Figures spread over 176 Pages, along with an in-depth TOC on the Global K-Beauty Products Market Forecast 2022-2030."
VIEW TABLE OF CONTENT LINK - https://www.inkwoodresearch.com/reports/k-beauty-products-market/#table-of-contents
K-beauty (Korean beauty) products are characterized as skin care products that emerged or were produced in Korea. They are majorly based on the Korean beauty concept of maintaining the skin's health, radiance, as well as hydration through natural ingredients as a replacement for chemical-based products. The products focus on gently nurturing the skin with a suitable routine for improving appearance.
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Demand for Organic Products to Facilitate the Global Market
As consumers continue to become highly meticulous in terms of their lifestyle choices, they look for deeper solutions instead of superficial alternatives and opt for more conventional and healthy approaches towards beauty. The growing demand for natural as well as organically derived ingredients in personal care products and cosmetics has generated novel avenues within the emerging K-beauty cosmeceutical market. Over recent years, cosmetic products and organic skincare have observed exponential growth. Moreover, hazardous impact on the skin has rapidly increased owing to the rising pollution levels, as well. Therefore, consumers are extremely conscious, especially about what goes onto their skin, consequently increasing the preference for organic products.
Sheet Mask Held the Highest Market Share in 2021
Face-shaped sheet fabrics saturated in nutrition-packed liquid blended serum solution are known as sheet masks. The concept of sheet masks originated in South Korea owing to the masses' dedication toward skincare. They constitute a variety of materials such as paper, hydrogel, bio-cellulose, non-woven fabric, and cotton. The sheet is wholly soaked in concentrated serum, comprising several beneficial ingredients like vitamins and hyaluronic acid. Since the sheet inhibits quick evaporation of its liquid ingredients and offers deep skin penetration, its results outperform the effects of traditional serum-type skincare.
Europe is the Leading Region
Products with natural formulations observe a high demand within the Europe K-beauty market. Moreover, consumers across the region are largely inclined towards beauty products comprising ingredients professed to be more natural and organic. Hence, these factors are set to propel the region's market growth.
K-beauty products are retailed by various leading players. In addition, on account of the market's lucrative nature, new entrants are striving to enter the market via innovation as well as through the exploration of e-commerce. As a result, the growing demand for K-beauty products, integrated with the growth of e-commerce, is set to further augment the competition. Some of the key companies operating in the market include LG Household & Health Care Ltd, BNH Cosmetics LLC, Carver Korea Co Ltd (Unilever Group), AmorePacific Corporation, etc.
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GLOBAL BEAUTY & PERSONAL CARE MARKET
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