Press release
Global K-Beauty Industry Report: Market Growth and Forecast for 2024
K-Beauty Products Market Drivers
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $11.56 billion
• Revenue Forecast In 2033: $15.17 billion
• CAGR: 7.0%
Global K-Beauty Products Market: Segmentation
The k-beauty products market covered in this report is segmented -
1) By Product Type: Skin Care, Hair Care
2) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online, Pharmacies
3) By End-User: Men, Women
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K-Beauty Products Market Report: Growth Drivers
The growing interest in natural and organic skincare is expected to boost the K-beauty products market in the coming years. Natural and organic skincare products are formulated with ingredients sourced directly from nature, including plants, minerals, and sometimes animal by-products. K-beauty products often feature gentle formulations that are both natural and organic, making them suitable for all skin types, including sensitive skin. For instance, in June 2023, the Centre for the Promotion of Imports from Developing Countries, a Netherlands-based intergovernmental organization, noted that sales of certified organic cosmetics in the UK rose by 15%, reaching £138.23 million (approximately US$150.13 million) in 2021. Therefore, the increasing demand for natural and organic skincare is driving the growth of the K-beauty products market.
Key Developments:
Amorepacific's Acquisition Boosts COSRX's Global Beauty Impact
In October 2023, Amorepacific, a South Korea-based beauty company, acquired Cosrx for USD 559.7 million. This acquisition of Cosrx by Amorepacific is expected to have a positive impact on Cosrx's product line and distribution strategy, leading to potential developments in product innovation, global expansion, marketing, and access to additional resources and expertise. COSRX is a South Korea-based provider of K-beauty products.
Top Market Leader Included:
Unilever PLC, LG Household & Health Care, Korea Tobacco & Ginseng Corporation, Amorepacific Corporation, KOSÉ Corporation, COSMAX Group, Neogen Corporation, Kolmar Korea Co. Ltd., Cosmecca Korea Co. Ltd., Clio Cosmetics Co. Ltd., Able C&C Co. Ltd., Nature Republic, Han Bul Cosmetics Co. Ltd., Tonymoly Co.Ltd., KBL Cosmetics, COSRX Official, The Crème Shop, The Face Shop Inc., ADWIN Korea Corp., AMI COSMETIC Co. Ltd., BANILLA CO, JUNGSAEMMOOL BEAUTY, The Beauty Factory Ltd., ZENPIA Co. Ltd. - Secret Key, Annie's Way International Co. Ltd.
K-Beauty Products Industry: Regional Landscape
North America was the largest region in the k-beauty products market in 2023. The regions covered in the k-beauty products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the K-Beauty products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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What Does The Global K-Beauty Products Market Report Include?
1.Introduction
• Overview of the K-Beauty Products Market
• Comprehensive Analysis of K-Beauty Products Market
2. K-Beauty Products Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. K-Beauty Products Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The K-Beauty Products Market
• Overview
• Products and Services
• Strategy
5. K-Beauty Products Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In K-Beauty Products Market
• Technological Advancements
• Emerging Trends
7. K-Beauty Products Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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