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K-Beauty Products Market Trends That Will Shape the Next Decade: Insights from MUI Halal-Certified Anti-Dandruff Hair Care For Unique Beauty Needs
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsHow Large Will the K-Beauty Products Market Size By 2025?
The market size for K-beauty products has seen substantial growth in recent years. The projection is that it will increase from $11.56 billion in 2024 to $12.5 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.1%. The historical growth is due largely to the increasing consciousness about the benefits of using beauty products free of chemicals, the emergence of innovative product formulations and ingredients, and the focus on multi-step skincare routines.
How Big Is the K-Beauty Products Market Size Expected to Grow by 2029?
In the coming years, the K-beauty products market is projected to witness considerable growth, with its size anticipated to reach $16.15 billion in 2029, reflecting a compound annual growth rate (CAGR) of 6.6%. The growth during the predicted period can be credited to the surge in demand for organic skincare products, the rising popularity of products formulated with unique ingredients, and the influence of digital marketing strategies. Other contributory factors include increased visibility through social media, the role of beauty influencers, and celebrity endorsements. Key trends predicted for this forecast period feature an increasing interest in eco-conscious and sustainable beauty solutions, alongside an uptrend in strategic partnerships and collaborations, boosted company investments, and product innovations.
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Which Key Market Drivers Powering K-Beauty Products Market Expansion and Growth?
The escalating interest in natural and organic skincare is predicted to fuel the expansion of the K-beauty products market in the coming years. Natural and organic skincare encompasses products made with components drawn directly from nature, such as plant extracts, minerals, and occasionally animal derivatives. K-beauty products frequently incorporate these natural and organic, gentle formulations, making them ideal for all skin types, including those that are sensitive. For instance, the International Trade Administration (ITA), a government agency based in the United States, reported in September 2023 that Thailand's beauty product market was valued at $4.2 billion in 2022 with skincare representing 60%. Furthermore, the skincare niche, valued at $2.5 billion, was expected to witness a 7% year-on-year increase in 2023, with organic products claiming a 20-25% market share. This growth occurred alongside a 71% surge in makeup sales, notably lipsticks and foundations, compared to 2022 levels. As such, the rising interest in natural and organic skincare is instrumental in propelling the K-beauty products market.
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Which Fast-Growing Trends Are Poised to Disrupt the K-Beauty Products Market?
Leading businesses in the K-beauty products market are honing their focus on the creation of innovative hair care products like anti-dandruff serums and shampoos to boost their market profitability. K-Beauty hair care products have their roots in Korea and are renowned for their specially designed hair treatments that utilize groundbreaking ingredients and methods to enhance scalp health and hair aesthetics. For example, in January 2024, a personal care product manufacturer based in South Korea known as THE SKINFACTORY Co. Ltd., introduced its K-Beauty Halal hair care line under the brand name Kundal. This line features a unique anti-sebum P + Hyalocta Complex that provides an immediate soothing effect to the scalp. The product line includes a hair cleanser, a hair softener, and a fluid hair serum, each designed to meet the specific requirements of Muslim consumers. The hair cleanser is formulated to offer deep purification, effectively getting rid of dandruff, pollutants, and excess sebum, while the hair softener performs a thorough treatment for both scalp and hair, offering smoothness and easy detangling without adding weight. The fluid hair serum delivers instant hydration and a long-lasting scent due to its unique combination of lightweight ingredients.
What Are the Emerging Segments in the K-Beauty Products Market?
The K-beauty products market covered in this report is segmented -
1) By Product Type: Skin Care, Hair Care
2) By Distribution Channel: Super markets And Hyper markets, Specialty Stores, Online, Pharmacies
3) By End-User: Men, Women
Subsegments:
1) By Skin Care: Cleansers, Toners, Serums And Ampoules, Moisturizers, Sunscreens, Masks (Sheet Masks, Wash-Off Masks), Exfoliators
2) By Hair Care: Shampoos, Conditioners, Hair Treatments, Styling Products, Hair Color Products
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Who Are the Global Leaders in the K-Beauty Products Market?
Major companies operating in the k-beauty products market report are 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.
Which are the Top Profitable Regional Markets for the K-Beauty Products Industry?
North America was the largest region in the k-beauty products market in 2024. The regions covered in the k-beauty products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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