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K-beauty Products Market to Observe Highest Growth of USD 13.9 billion with Growing CAGR of 9.0% by 2027
K-beauty Products Growth-size
By end user, the female segment accounted for about 69% of the market share & the male is expected to grow at a CAGR of 9.9% during the forecast period.
WILMINGTON, DELAWARE, UNITED STATES, September 2, 2024 /EINPresswire.com/ — The global K-beauty products market size was valued at $10.2 billion in 2019 and is projected to reach $13.9 billion by 2027, registering a CAGR of 9.0% from 2021 to 2027.
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/6149
K-beauty products refer to the skincare and makeup products originated from South Korea. These beauty products emphasize particularly on skin aesthetics such as health, hydration, and luminous textured skin. Korean women have traditionally favored glowing âglassâ skin over layers of foundation and lengthy skin care regimes with focus on toning and clarifying. Their beauty standards focus on the appearance of moisture on the skin, resulting in an augmented fondness for cremes over powders. Products in this segment are manufactured using unique ingredients such as snail slime, bee venom, starfish extract, pig collagen, and morphing masks.
The sheet masks segment is anticipated to exhibit the highest market share during the K-beauty products market forecast period. They can address different skin conditions such as tightening, moisturizing, soothing, brightening, and help sustain the skinâs beauty and health. Hence, owing to its convenience of use and affordability, the sheet masks acquire a large share in the K-beauty products market.
The K-beauty products market trends is primarily driven by the consumers inclination toward products inspired with unique ingredient formulas. For instance, the use of pearls in skin brightening products and propolis from bees for nourishing, are two other unusual components found in K-beauty products.
Procure Complete Report (289 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/aaf7e416e72eb657c77f1c40612f1b6a
Global per capita income has witnessed a strong growth rate over past few years, particularly in emerging economies. Increase in urbanization, growth of middle class consumers, and surge in rate of female participation in labor force in many developing and developed markets has encouraged adoption of convenience-oriented lifestyles, making K-Beauty products more desirable. In addition, as consumers become more meticulous regarding their lifestyle choices, they are looking deeper than superficial solutions and choosing more traditional healthy approaches of beauty. Hence, the rise in demand for natural and organically derived ingredients in cosmetic and personal care products, has created new avenues in the K-beauty cosmeceutical market.
Moreover, due to the outbreak of the COVID-19 pandemic, manufacturers have increased social media advertisement of using herbal skin care products to reach a large consumer base. However, implementation of lockdown and curfew practices globally is affecting the domestic as well as international production of skin care products, which in turn, hampers the growth of the overall market. Thus, the outbreak of COVID-19 has negatively impacted the K-Beauty products market in 2020, as sales of companies have reduced and operations have been halted.
Market Key Players:
The major players in the global K-beauty products market analyzed in this report include ABLE C&C CO., Ltd., Adwin Korea Corp, Annie's Way International Co., Ltd., The Beauty Factory, Ltd., Bluehug, Inc., BNH Cosmetics, Ceragem Health and Beauty Co, Ltd., CK Beauty Enterprise Inc., LG Household & Health Care and AMOREPACIFIC CORPORATION.
Key Findings Of The Study
Based on product type, the sheet mask segment accounted for the highest K-beauty products market share in 2019, growing at a CAGR of 8.7% and cleanser segment growing fastest with a CAGR of 11.0% between 2021 and 2027.
Based on end user, the female segment accounted for about 69% of the market share in 2019. However, the male is expected to grow at a CAGR of 9.9% during the forecast period.
Based on distribution channel, the specialty/monobrand store segment accounted for about 57.4% of the market share in 2019. However, the online retail segment is expected to grow fastest at a CAGR of 11.2% during the forecast period.
Based on region, Asia-Pacific accounted for about 69.9% of the K-beauty products industry by share and is expected to grow at a CAGR of 8.1%.
Enquiry About Report @ https://www.alliedmarketresearch.com/purchase-enquiry/6149
Reasons to Buy this K-beauty Products Market Report:
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic youâre looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
Related Reports:
Indonesia Skin Care Products Market https://www.alliedmarketresearch.com/indonesia-skin-care-products-market-A06724
Professional Hair Care Market https://www.alliedmarketresearch.com/professional-hair-care-market
Philippines Beauty & Personal Care Market https://www.alliedmarketresearch.com/philippines-beauty-and-personal-care-market-A06128
Related Article
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
K-beauty Products Growth-size
By end user, the female segment accounted for about 69% of the market share & the male is expected to grow at a CAGR of 9.9% during the forecast period.
WILMINGTON, DELAWARE, UNITED STATES, September 2, 2024 /EINPresswire.com/ — The global K-beauty products market size was valued at $10.2 billion in 2019 and is projected to reach $13.9 billion by 2027, registering a CAGR of 9.0% from 2021 to 2027.
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/6149
K-beauty products refer to the skincare and makeup products originated from South Korea. These beauty products emphasize particularly on skin aesthetics such as health, hydration, and luminous textured skin. Korean women have traditionally favored glowing âglassâ skin over layers of foundation and lengthy skin care regimes with focus on toning and clarifying. Their beauty standards focus on the appearance of moisture on the skin, resulting in an augmented fondness for cremes over powders. Products in this segment are manufactured using unique ingredients such as snail slime, bee venom, starfish extract, pig collagen, and morphing masks.
The sheet masks segment is anticipated to exhibit the highest market share during the K-beauty products market forecast period. They can address different skin conditions such as tightening, moisturizing, soothing, brightening, and help sustain the skinâs beauty and health. Hence, owing to its convenience of use and affordability, the sheet masks acquire a large share in the K-beauty products market.
The K-beauty products market trends is primarily driven by the consumers inclination toward products inspired with unique ingredient formulas. For instance, the use of pearls in skin brightening products and propolis from bees for nourishing, are two other unusual components found in K-beauty products.
Procure Complete Report (289 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/aaf7e416e72eb657c77f1c40612f1b6a
Global per capita income has witnessed a strong growth rate over past few years, particularly in emerging economies. Increase in urbanization, growth of middle class consumers, and surge in rate of female participation in labor force in many developing and developed markets has encouraged adoption of convenience-oriented lifestyles, making K-Beauty products more desirable. In addition, as consumers become more meticulous regarding their lifestyle choices, they are looking deeper than superficial solutions and choosing more traditional healthy approaches of beauty. Hence, the rise in demand for natural and organically derived ingredients in cosmetic and personal care products, has created new avenues in the K-beauty cosmeceutical market.
Moreover, due to the outbreak of the COVID-19 pandemic, manufacturers have increased social media advertisement of using herbal skin care products to reach a large consumer base. However, implementation of lockdown and curfew practices globally is affecting the domestic as well as international production of skin care products, which in turn, hampers the growth of the overall market. Thus, the outbreak of COVID-19 has negatively impacted the K-Beauty products market in 2020, as sales of companies have reduced and operations have been halted.
Market Key Players:
The major players in the global K-beauty products market analyzed in this report include ABLE C&C CO., Ltd., Adwin Korea Corp, Annie's Way International Co., Ltd., The Beauty Factory, Ltd., Bluehug, Inc., BNH Cosmetics, Ceragem Health and Beauty Co, Ltd., CK Beauty Enterprise Inc., LG Household & Health Care and AMOREPACIFIC CORPORATION.
Key Findings Of The Study
Based on product type, the sheet mask segment accounted for the highest K-beauty products market share in 2019, growing at a CAGR of 8.7% and cleanser segment growing fastest with a CAGR of 11.0% between 2021 and 2027.
Based on end user, the female segment accounted for about 69% of the market share in 2019. However, the male is expected to grow at a CAGR of 9.9% during the forecast period.
Based on distribution channel, the specialty/monobrand store segment accounted for about 57.4% of the market share in 2019. However, the online retail segment is expected to grow fastest at a CAGR of 11.2% during the forecast period.
Based on region, Asia-Pacific accounted for about 69.9% of the K-beauty products industry by share and is expected to grow at a CAGR of 8.1%.
Enquiry About Report @ https://www.alliedmarketresearch.com/purchase-enquiry/6149
Reasons to Buy this K-beauty Products Market Report:
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic youâre looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
Related Reports:
Indonesia Skin Care Products Market https://www.alliedmarketresearch.com/indonesia-skin-care-products-market-A06724
Professional Hair Care Market https://www.alliedmarketresearch.com/professional-hair-care-market
Philippines Beauty & Personal Care Market https://www.alliedmarketresearch.com/philippines-beauty-and-personal-care-market-A06128
Related Article
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
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Bernice Hughes
September 4, 2024 at 4:43 pm
In conclusion, the K-beauty products market is poised for significant growth, projecting an increase from $10.2 billion in 2019 to $13.9 billion by 2027, with a robust CAGR of 9.0%. This growth is fueled by a rising consumer preference for innovative ingredients and unique formulations that deliver on promises of skin health and radiance. With notable contributions from both female and male segments—especially the latter’s anticipated rapid growth—alongside a surge in online retail channels, the K-beauty sector stands as a dynamic force in the global beauty industry. The emphasis on natural and effective ingredients aligns with modern consumers’ demands for authenticity and efficacy, paving the way for continued expansion and innovation within the market. As K-beauty continues to capture global interest, stakeholders should capitalize on this trend to enhance their offerings and engage a broader audience.
belinda hughes
September 4, 2024 at 4:45 pm
In conclusion, the K-beauty products market is poised for substantial growth, with projections indicating an increase from $10.2 billion in 2019 to $13.9 billion by 2027, achieving a notable compound annual growth rate (CAGR) of 9.0%. This growth is largely fueled by the rising consumer demand for unique and innovative ingredient formulations, alongside a growing emphasis on skincare that promotes health and hydration. As trends towards convenience and sustainability continue to shape consumer behavior, K-beauty products, particularly popular items like sheet masks, are expected to dominate the market. Furthermore, the expansion of male consumers and the shift towards online retail channels are set to enhance market dynamics. Overall, the future of K-beauty appears bright, driven by ongoing innovations and an evolving beauty landscape.
Patty Bailey
September 4, 2024 at 4:49 pm
In conclusion, the K-beauty products market is poised for significant growth, projected to reach USD 13.9 billion by 2027 with a robust CAGR of 9.0%. This surge can be attributed to an increasing consumer preference for innovative and effective skincare solutions that prioritize natural and unique ingredients. The diverse offerings, including popular sheet masks, highlight the market’s adaptability and consumer-centric approach. With a strong emphasis on convenience and effectiveness, particularly in emerging economies, the K-beauty segment is expected to attract a broader demographic, including a notable rise in male consumers. As the industry continues to evolve, the potential for new entrants and strategic partnerships presents exciting opportunities for growth and innovation in the beauty market.
Joan Hughes
September 4, 2024 at 8:48 pm
In conclusion, the K-beauty products market is poised for significant growth, with a projected increase from $10.2 billion in 2019 to an impressive $13.9 billion by 2027, reflecting a strong compound annual growth rate (CAGR) of 9.0%. This growth is driven by a growing consumer preference for innovative and unique ingredient-based products that prioritize skin health and aesthetics. The rise of convenience-oriented lifestyles, particularly in emerging economies, alongside a burgeoning interest in natural and organic beauty solutions, continues to fuel demand. With sheet masks leading the market share and male interest in K-beauty growing rapidly, the industry is well-positioned for a dynamic future. As the popularity of K-beauty expands globally, companies in the sector must continue to innovate and adapt to changing consumer preferences to maintain competitive advantages.
linda rogers
September 5, 2024 at 1:58 am
In conclusion, the K-beauty products market is poised for substantial growth, with projections estimating an increase from $10.2 billion in 2019 to $13.9 billion by 2027, driven by a robust CAGR of 9.0%. The rising popularity of unique, ingredient-driven skincare solutions, particularly among female consumers, has significantly shaped this industry’s landscape. Furthermore, the male segment is also emerging as a key player, expected to grow at an impressive CAGR of 9.9%. The convenience and effectiveness of products like sheet masks are fueling market dynamics, while trends towards natural ingredients reflect a shift in consumer preferences towards holistic beauty approaches. As the market evolves, stakeholders can expect new opportunities arising from changing demographics and shifting lifestyle patterns, making K-beauty an exciting sector to watch in the coming years.
Glenn Hughes
September 5, 2024 at 5:05 am
In conclusion, the K-beauty products market is poised for significant growth, projected to reach a valuation of USD 13.9 billion by 2027, with a robust CAGR of 9.0%. This expansion is fueled by a rising consumer preference for innovative and unique ingredient-driven products, particularly among the female demographic, while the male segment is also seeing notable growth. The popularity of sheet masks and the shift towards online retail channels further illustrate the market’s adaptability and evolving consumer habits. With an increasing focus on health and natural ingredients in beauty care, the K-beauty industry is not only redefining beauty standards but also paving the way for a sustainable and inclusive beauty landscape in the coming years.