“The Business Research Company recently published a comprehensive report on the global K-Beauty Products market size and trend analysis with forecasts from 2024 to 2033. , regional share, as well as current trends, future opportunities, and important data to succeed in the industry.
According to The Business Research Company, the market size of K-beauty products has grown significantly in recent years. It is expected to grow from $10.66 billion in 2023 to $11.56 billion in 2024, at a compound annual growth rate (CAGR) of 8.4%. Growth during this historic period can be attributed to increased awareness of chemical-free beauty products, an increase in innovative formulations and ingredients, and an emphasis on multi-step skin care routines.
The market size of K-beauty products is expected to grow significantly in the coming years. It is expected to grow to $15.17 billion by 2028 at a compound annual growth rate (CAGR) of 7.0%. Growth over the forecast period can be attributed to the rise in organic skin care products, proliferation of products inspired by unique ingredient formulations and digital marketing strategies, and increased awareness through social media, beauty influencers and celebrity endorsements. Masu. Key trends during the forecast period include interest in eco-friendly and sustainable beauty products, partnerships, collaborations, increased corporate investment and product innovation.
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Market drivers and trends:
Rising demand for natural and organic skin care is expected to drive the growth of the K-beauty products market in the coming years. Natural and organic skin care refers to products that are formulated with ingredients that come directly from nature, such as plants, minerals, and sometimes animal by-products. Many of our K-Beauty products feature natural, organic, and gentle formulas that are suitable for all skin types, including sensitive skin. For example, in June 2023, according to the Center for the Promotion of Imports from Developing Countries, an intergovernmental organization based in the Netherlands, sales of certified organic cosmetics on the UK market will increase by 15% and will reach 100 million yen in 2021. It reached £38.23 million (US$105,013). Thus, the rising demand for natural and organic skin care is driving the K-beauty products market.
Leading companies operating in the K-beauty products market are focusing on developing new hair care products such as anti-dandruff serums and shampoos to increase their profitability in the market. Hair Care K-Beauty products are specialty hair treatments and products from Korea that focus on innovative ingredients and technologies for optimal scalp health and hair beauty. For example, in January 2024, THE SKINFACTORY Co. Ltd., a South Korea-based personal care products manufacturer, launched the K-Beauty halal hair care line through its own brand Kundal. It incorporates a special anti-sebum P+ Hyalocta complex for an instant cooling effect on the scalp. The assortment includes hair cleansers, hair softeners and fluid hair serums, each tailored to the essential needs of Muslim users. This hair cleanser is expertly crafted to effectively remove dandruff, pollutants, and excess sebum for a thorough cleanse. The hair softener provides a one-step, comprehensive treatment for both scalp and hair, ensuring smoothness and detangling without weighing it down. The fluid hair serum provides instant hydration and long-lasting fragrance thanks to its unique blend of feather-light ingredients.
Key benefits for stakeholders:
• Comprehensive market insights: Stakeholders have access to detailed market statistics, trends, and analysis that help them understand the current and future status of the industry.
• Informed decision-making: Reports provide critical data to support strategic decision-making, reduce risk, and enhance business planning.
• Competitive Advantage: Detailed competitor analysis and market share information allows stakeholders to identify opportunities to outperform the competition.
• Customized Solutions: Business Research Company provides customized reports that address your specific needs and ensure that your stakeholders gain relevant and actionable insights.
• Global Perspective: The report covers different regions and markets, offering a broad perspective that helps stakeholders expand and succeed in their businesses globally.
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Major key players in the market:
Unilever PLC, LG Household & Healthcare, Korea Tobacco and Ginseng Corporation, Amorepacific Co., Ltd., Kose Co., Ltd., COSMAX Group, Neogen Co., Ltd., Colmar Korea Co., Ltd., Cosmeca Korea Co., Ltd., Clio Cosmetics Co., Ltd., ABLE C&C Co., Ltd., Nature Republic, Humble Cosmetics Co., Ltd., Tony Moly 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 Market 2024 Key Insights:
• The K-beauty products market is expected to grow to $15.17 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Organic evolution rides the wave of consumer preference for natural skin care
• Meet your unique beauty needs with MUI Halal certified anti-dandruff hair care
• North America was the largest region for the k-beauty products market in 2023.
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