Global K-beauty Products Market Size To Exceed USD 15.13 Billion By 2033: Market Statistics Report

Global K-beauty Products Market Size To Exceed USD 15.13 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global K-beauty Products Market Size is Expected to Grow from USD 9.02 Billion in 2023 to USD 15.13 Billion by 2033, at a CAGR of 5.31% during the forecast period 2023-2033.  

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global K-beauty Products Market Size, Share, and COVID-19 Impact Analysis, By Product (Skin Care and Hair Care), By Distribution Channel (Supermarkets & Hypermarkets and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

The global K-beauty products market refers to the industry demand for skincare and cosmetics things produced in Korea. K-beauty, which is defined by its inventiveness, use of natural ingredients, and advanced formulations, is fueled by e-commerce expansion, the K-pop effect, and customer awareness. As companies provide cruelty-free, organic, and cutting-edge cosmetic products to a worldwide consumer base, their growth is maintained. Key driving factors for the growth of the k-beauty products market include the growing demand for natural and organic ingredients, increasing awareness among customers of skincare, and the impact of Korean pop culture (K-pop and K-dramas). The market is expanding as a consequence of technological developments in cosmetic formulas, such as innovative serums and cushion foundations. Furthermore, k-beauty products are now readily accessible globally because of the growth of e-commerce platforms, which has increased their appeal. However, strong competition from regionally specific local alternatives and well-known multinational beauty brands. Market expansion could be hampered by stringent import/export regulations and regulatory obstacles in other countries.

The skin care segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.

On the basis of product, the global k-beauty products market is divided into skin care and hair care. Among these, the skin care segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is attributed to increasing e-commerce, K-pop influence, multi-step routines, sensitive skin prevalence, and demand for mild, inventive, and skin-friendly products, each of which contributes to its worldwide appeal.

The supermarkets & hypermarkets segment accounted for the highest revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.

On the basis of distribution channel, the global k-beauty products market is divided into supermarkets & hypermarkets and online. Among these, the supermarkets & hypermarkets segment accounted for the highest revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. The segment growth is driven because of its high foot traffic, prompt product availability, steady shop presence, reasonable prices, and the opportunity to compare several K-beauty brands in a single location before buying

North America is anticipated to hold the largest share of the global k-beauty products market over the predicted timeframe.

North America is anticipated to hold the largest share of the global K-beauty products market over the predicted timeframe. The regional market growth can be attributed to growing awareness of skincare, creative branding, and effective marketing strategies. While the existence of significant offline retail chains improves accessibility, the entry of established businesses like AmorePacific into the US drives growth.  Demand is additionally being influenced throughout the region through consumer interest in multi-step skincare routines and premium Korean formulas.

Asia Pacific is expected to grow at the fastest CAGR in the global k-beauty products market during the forecast period. The regional market growth can be attributed to growing per capita income, rapid industrial growth, and expanding demand for personal care products in emerging economies like China and India.  Because of the region's significant e-commerce growth, urbanization, and beauty-conscious consumer base, K-beauty businesses may succeed there.

Company Profiling

Major vendors in the global k-beauty products market are BANILLA CO, AMOREPACIFIC, The Crème Shop, Clio, CARVER KOREA CO. (Unilever), Able C&C, The Face Shop, Inc., Nature Republic, TolyMoly, LG HOUSEHOLD & HEALTH CARE LTD, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2024, Medicube introduced the Collagen Night Wrapping Mask, featuring hyaluronic acid, niacinamide, and collagen for "glass skin" effects.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global k-beauty products market based on the below-mentioned segments: 

Global K-beauty Products Market, By Product

• Skin Care
• Hair Care

Global K-beauty Products Market, By Distribution Channel

• Supermarkets & Hypermarkets
• Online

Global K-beauty Products Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa