South Korea Waterless Cosmetics Market Size, Share, and COVID-19 Impact Analysis, By Product (Skincare, Haircare, and Makeup), By Distribution Channel (Offline and Online), and South Korea Waterless Cosmetics Market Industry Trend, Forecasts to 2035

South Korea Waterless Cosmetics Market Insights Forecasts to 2035

• The South Korea Waterless Cosmetics Market Size Was Estimated at USD 712 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 10.91% from 2025 to 2035
• The South Korea Waterless Cosmetics Market Size is Expected to Reach USD 2,224 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Waterless Cosmetics Market Size is anticipated to reach USD 2,224 Million by 2035, growing at a CAGR of 10.91% from 2025 to 2035. The market is technological progress and advancement in the production of waterless products.  Demand in the market is being driven by customers' growing preference for sustainable and eco-friendly beauty products as well as their increased knowledge of the advantages of waterless products.

Market Overview

The waterless cosmetics market refers to beauty and personal care products formulated without water, utilizing concentrated active ingredients in solid, powder, or balm forms. This approach enhances product potency, extends shelf life, and reduces environmental impact by minimizing water usage and packaging waste. Benefits include lower carbon footprints and reduced reliance on preservatives. The growing consumer demand for sustainable, travel-friendly, and clean beauty products. Government initiatives, such as regulations promoting eco-friendly formulations and packaging standards, support the industry's growth.

Report Coverage

This research report categorizes the market for South Korea waterless cosmetics market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea waterless cosmetics market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea waterless cosmetics market.

Driving Factors

The growing consumer demand for sustainable and eco-friendly beauty products that reduce water consumption and packaging waste. Increasing awareness of environmental issues encourages the adoption of concentrated formulas like solid shampoos and powder cleansers. Additionally, the convenience of travel-friendly, lightweight products appeals to busy lifestyles.

Restraining Factors

Limited consumer awareness, especially in emerging markets, restricts adoption. Formulation complexities arise as eliminating water necessitates alternative ingredients to maintain product stability and efficacy.

Market Segmentation

The South Korea waterless cosmetics market share is classified into product and distribution channel.

• The skincare segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea waterless cosmetics market is segmented by product into skincare, haircare, and makeup. Among these, the skincare segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The market for anti-aging products is expected to grow as people become more conscious of the need to keep their skin looking young.  Aside from calming, tightening, brightening, and hydrating the skin, waterless beauty products also support the health and appearance of the skin.

• The offline segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea waterless cosmetics market is segmented by distribution channel into offline and online. Among these, the offline segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. They can personally inspect the quality of the products; consumers are choosing to buy consumer goods and cosmetics through the offline channel. Easy access and the ability to look for a variety of products in stores will also probably help the segment grow over the course of the projected period. The distribution channel networks worldwide, offline channels are predicted to continue to dominate.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea waterless cosmetics market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Amorepacific Corporation
• LG Household & Health Care
• Clio Cosmetics
• The Skin House
• Skin Food
• Leaders Cosmetics
• Grafen
• JPS Cosmetics
• HAYEJIN
• COSMOCOS
• Others

Recent Development:

• In August 2023, South Korea-based Vegreen introduced its first waterless Vitamin C ampoule, utilizing an oil-based ethyl ascorbyl formulation to enhance stability and absorption, addressing common issues associated with traditional water-based Vitamin C products.

Key Target Audience

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

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea waterless cosmetics market based on the below-mentioned segments:

South Korea Waterless Cosmetics Market, By Product

• Skincare
• Haircare
• Makeup

South Korea Waterless Cosmetics Market, By Distribution Channel

• Offline
• Online