South Korea Cosmetics Market Valuation to Reach USD 12,712.7 Million by 2033 - Expanding at a CAGR of 5.3%

Cosmetics Market in South Korea 2025:

How Big is the South Korea Cosmetics Industry?

South Korea cosmetics market size reached USD 8,000.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 12,712.7 Million by 2033, exhibiting a growth rate (CAGR) of 5.3% during 2025-2033.

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 8,000.7 Million
Market Size in 2033: USD 12,712.7 Million
Market Growth Rate (CAGR) 2025-2033: 5.3%

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South Korea Cosmetics Market Trends and Drivers:

The South Korea cosmetics market is also witnessing robust and consistent expansion due to innovation, global trends, and high demand from consumers for good quality skincare and beauty products. Essentially, the nation's status as a world leader in beauty trends, particularly in skincare, is driving both regional and foreign demand, with K-beauty already on the rise in regional markets in Asia, Europe, and North America.

Furthermore, South Korean consumers are very experimental and knowledgeable, which compels companies to continuously invest in research and development to launch new textures, formulations, and active ingredients. Additionally, the growing power of social media, beauty influencers, and K-pop culture has made cosmetics more aspirational and necessary, especially among the youth. The growth of multifunctional products that are both skincare and makeup-intensive is becoming popular, providing the consumer with convenience and value in one product. There is also an increasing trend towards natural, organic, and cruelty-free cosmetics as consumers become more aware of sustainability and ethical production practices.

Simultaneously, advancements in technology like AI-powered skin analysis, virtual try-ons, and customized skincare routines are improving the customer experience and allowing brands to address individual needs more accurately. In addition, men's grooming is emerging as a key segment with increasing numbers of male consumers incorporating skincare and cosmetic products into their routine. Besides this, encouragement by the government towards exports and innovation is assisting local brands in growing internationally, making South Korea more powerful in the global beauty market. The increase in e-commerce and direct-to-consumer approaches is also transforming accessibility of products and making it possible for niche and indie brands to gain space among various consumer groups.

In addition, demand for sun protection, anti-aging, and skin brightening products is rising with an intense emphasis on preventative skincare and looking young. The market is also experiencing rising demand for simplified skincare routines that are focused on using fewer, high-quality products with active ingredients. By and large, the South Korea cosmetics market remains booming under the auspices of ongoing innovation, cultural exportation, incorporation of technology, and shifting beauty trends, qualifying it as one of the world's most vibrant and impactful beauty markets.

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Some of the key players are:

• Amorepacific Corporation
• Banila Co.
• CLUBCLIO Co. Ltd.
• Dr. Jart+
• L'Oréal S.A.
• PFD Co. Ltd.
• S&P Cosmetic Co. Ltd.
• The Face Shop (LG Household & Health Care)
• Unilever Plc

South Korea Cosmetics Industry Segmentation:

The report has segmented the market into the following categories:

Product Type Insights:

• Skin and Sun Care Products
• Hair Care Products
• Deodorants and Fragrances
• Makeup and Color Cosmetics
• Others

Category Insights:

• Conventional
• Organic

Gender Insights:

• Men
• Women
• Unisex

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Specialty Stores
• Pharmacies
• Online Stores
• Others

Regional Insights:

• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others

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Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

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