Summary
Skincare in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The skincare market consists of the retail sale of facial care, body care, hand care, depilatories, and make-up remover products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2021 exchange rates.
- The South Korean Skincare market had total revenues of $8,499.7m in 2021, representing a compound annual growth rate (CAGR) of 7.2% between 2016 and 2021.
- Market consumption volume increased with a CAGR of 4.2% between 2016 and 2021, to reach a total of 0.5 billion units in 2021.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 5.6% for the five-year period 2021 - 2026, which is expected to drive the market to a value of $11,178.8m by the end of 2026.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the skincare market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the skincare market in South Korea
- Leading company profiles reveal details of key skincare market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea skincare market with five year forecasts
Reasons to Buy
- What was the size of the South Korea skincare market by value in 2021?
- What will be the size of the South Korea skincare market in 2026?
- What factors are affecting the strength of competition in the South Korea skincare market?
- How has the market performed over the last five years?
- How large is South Korea’s skincare market in relation to its regional counterparts?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players in the South Korean skincare market?
7.3. Which companies have been most successful in increasing their market shares in the last five years?
7.4. Which companies’ market shares have suffered in the last five years?
7.5. What are the most popular brands in the market?
7.6. What have been the most significant M&A deals in the South Korea skincare market over the last five years?
8 Company Profiles
8.1. LG Corp
8.2. Amorepacific Corp
8.3. L'Oreal SA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Korea skincare market value: $ million, 2017-21
Table 2: South Korea skincare market volume: million units, 2017-21
Table 3: South Korea skincare market category segmentation: $ million, 2021
Table 4: South Korea skincare market geography segmentation: $ million, 2021
Table 5: South Korea skincare market distribution: % share, by value, 2021
Table 6: South Korea skincare market value forecast: $ million, 2021-26
Table 7: South Korea skincare market volume forecast: million units, 2021-26
Table 8: South Korea skincare market share: % share, by value, 2021
Table 9: LG Corp: key facts
Table 10: LG Corp: Annual Financial Ratios
Table 11: LG Corp: Key Employees
Table 12: Amorepacific Corp: key facts
Table 13: Amorepacific Corp: Annual Financial Ratios
Table 14: Amorepacific Corp: Key Employees
Table 15: L'Oreal SA: key facts
Table 16: L'Oreal SA: Annual Financial Ratios
Table 17: L'Oreal SA: Key Employees
Table 18: L'Oreal SA: Key Employees Continued
Table 19: South Korea size of population (million), 2017-21
Table 20: South Korea gdp (constant 2005 prices, $ billion), 2017-21
Table 21: South Korea gdp (current prices, $ billion), 2017-21
Table 22: South Korea inflation, 2017-21
Table 23: South Korea consumer price index (absolute), 2017-21
Table 24: South Korea exchange rate, 2017-21
List of Figures
Figure 1: South Korea skincare market value: $ million, 2017-21
Figure 2: South Korea skincare market volume: million units, 2017-21
Figure 3: South Korea skincare market category segmentation: % share, by value, 2021
Figure 4: South Korea skincare market geography segmentation: % share, by value, 2021
Figure 5: South Korea skincare market distribution: % share, by value, 2021
Figure 6: South Korea skincare market value forecast: $ million, 2021-26
Figure 7: South Korea skincare market volume forecast: million units, 2021-26
Figure 8: Forces driving competition in the skincare market in South Korea, 2021
Figure 9: Drivers of buyer power in the skincare market in South Korea, 2021
Figure 10: Drivers of supplier power in the skincare market in South Korea, 2021
Figure 11: Factors influencing the likelihood of new entrants in the skincare market in South Korea, 2021
Figure 12: Factors influencing the threat of substitutes in the skincare market in South Korea, 2021
Figure 13: Drivers of degree of rivalry in the skincare market in South Korea, 2021
Figure 14: South Korea skincare market share: % share, by value, 2021
