Key Takeaways
- The Korean skincare market reached a value of 5.96 trillion KRW in 2022, marking a 4.5% year-on-year growth.
- K-beauty skincare segment is projected to grow at a CAGR of 8.2% from 2023 to 2030 globally.
- Domestic Korean skincare sales hit 6.2 trillion KRW in 2023, driven by premiumization trends.
- 72% of Korean women aged 20-39 use skincare products daily in 2023 surveys.
- Millennial consumers (25-40) account for 55% of skincare purchases in Korea.
- 68% of Gen Z in Korea prefer multi-step skincare routines with 7+ products.
- Sheet masks used by 89% of Korean women weekly in 2023.
- Ampoules/serums segment grew 20% to 1.1 trillion KRW in 2023.
- Snail mucin products sales up 35% YoY globally from Korea.
- Korean skincare exports to China reached USD 1.2 billion in 2023.
- US K-skincare imports from Korea grew 28% to USD 650 million in 2023.
- Southeast Asia K-skincare market share hit 25% of Korea's exports.
- Amorepacific global sales 45% from skincare exports.
- LG H&B (The Face Shop) skincare revenue 1.5 trillion KRW in 2023.
- COSRX global market share 8% in sheet masks.
The Korean skincare industry is thriving globally through innovation and strong domestic demand.
Competitive Landscape and Brands
Competitive Landscape and Brands Interpretation
Consumer Demographics and Preferences
Consumer Demographics and Preferences Interpretation
Export and International Expansion
Export and International Expansion Interpretation
Market Size and Growth
Market Size and Growth Interpretation
Product Segments and Innovations
Product Segments and Innovations Interpretation
Sources & References
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