Beauty and personal care in 2024: The big picture
Beauty and personal care maintained solid current value growth in South Korea in 2024, with just a marginally slower rate of increase compared with that seen the previous year. Mass beauty and personal care outpaced the growth rate of premium beauty and personal care in this year, although both saw growth.
2024 key trends
Premiumisation is evident in some beauty and personal care categories in South Korea. In premium beauty and personal care, gift-oriented categories such as hand care, and small luxury items such as premium lipstick continued to perform well in 2024.
Competitive landscape
LG Household & Health Care remained the leading company within beauty and personal care in South Korea overall in 2024, followed by AmorePacific; these were the only two players to hold double-digit retail value shares. Both players offer a wide range of brands across several beauty and personal care categories, covering both the premium and mass segments, which allows them to ride changing consumer habits in beauty and personal care.
Retail developments
Retail e-commerce continued to hold the largest share of distribution within beauty and personal care in South Korea in 2024, accounting for more than half of value sales, and continuing its rise in both sales and share. Many people value the convenience of this channel, as well as the ability to look for products which are not available in stores, and look for the best prices.
What next for beauty and personal care ?
Beauty and personal care in South Korea is set to see a low positive retail value CAGR at constant 2024 prices in the forecast period, with increases anticipated across most categories. Skin care is expected to remain the largest category and see the largest actual value growth in the forecast period.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Beauty and Personal Care industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Baby and Child-Specific Products
- Bath and Shower
- Colour Cosmetics
- Deodorants
- Depilatories
- Fragrances
- Hair Care
- Men's Grooming
- Oral Care
- Skin Care
- Sun Care
- Premium Beauty and Personal Care
- Mass Beauty and Personal Care
If you're in the Beauty and Personal Care industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Beauty and Personal Care in South Korea report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Beauty and Personal Care in South Korea?
- Which are the leading brands in South Korea?
- How are products distributed in South Korea?
- To what extent is e-commerce changing the retail environment and consumer demand?
- How are sales of mass versus premium beauty products evolving?
- Which products are seeing rising demand in the wake of COVID-19?
- Why are changing lifestyles and consumer behaviour patterns stimulating growth of some categories but not others?
- How is the macroeconomic environment shaping demand?
- Where is future growth expected to be most dynamic?
Beauty and Personal Care in South Korea
Beauty and personal care in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for beauty and personal care ?
DISCLAIMER
Baby and Child-Specific Products in South Korea
KEY DATA FINDINGS
Growth driven by baby and child-specific skin care, as using different products for various parts of the body gains popularity
Players with wide distribution perform well
Offline retailers outperform retail e-commerce, but from a low base
Baby wipes will continue to drag down the overall performance
Dermocosmetics set to hamper growth for baby and child-specific products
Local brands likely to continue to dominate, and baby fairs will attract consumers
Bath and Shower in South Korea
KEY DATA FINDINGS
Body wash/shower gel continues its rise in popularity as consumers move away from bar soap
LG Household & Health Care continues to innovate to maintain its lead
Health and personal care stores increases its distribution share due to offering new brands, and in-store events
Slow value growth despite the declining population, due to premiumisation and increasing per capita usage
Growth opportunities for intimate washes, although from a low base
Added value in the form of skin-friendly products in liquid soap
Colour Cosmetics in South Korea
KEY DATA FINDINGS
Lip products sees dynamic growth due to the “lipstick effect”
Smaller mass brands perform particularly well
Retail e-commerce maintains its rising trend, with premium brands the focus
Nail products to see the strongest growth, as new products continue to be launched
KakaoTalk Gift likely to drive growth for colour cosmetics via retail e-commerce
Trends likely to continue to impact sales of colour cosmetics
Deodorants in South Korea
KEY DATA FINDINGS
Declining trend in an already small category
Nivea loses share to Aesop
Repeat purchases drive retail e-commerce to see further growth
Aesop expected to continue driving growth for deodorant pumps
Growth potential for deodorant creams
Further penetration of retail e-commerce expected
Depilatories in South Korea
KEY DATA FINDINGS
Women’s razors and blades drives decline in overall depilatories
Schick suffers from the decline of women’s razors and blades, but continues to dominate
All distribution channels see sales decline, but retail e-commerce maintains its dominance
Growth momentum set to recover for depilatories in the forecast period
Women’s pre-shave set to see a declining trend
New regulation will make labelling easier for hair removers/bleaches
Fragrances in South Korea
KEY DATA FINDINGS
Premium fragrances continues to excel despite maturity
Byredo sees exceptional growth, while Elca maintains its lead
Bucking the trend in other beauty and personal care categories, department stores leads fragrances
Premium unisex fragrances set to continue to drive growth
Widening product variety and retail channels expected, but challenges will remain
A potential move towards domestic brands thanks to new product launches
Hair Care in South Korea
KEY DATA FINDINGS
The range of hair care concerns addressed by products widens
The leader continues to launch new products
Retail e-commerce continues to dominate, but Olive Young stands out amongst offline retailers
Slow and stable growth as more specific and segmented products are launched
Rising competition for global brands in salon professional hair care
Dermocosmetics has growth potential in hair care
Men's Grooming in South Korea
KEY DATA FINDINGS
Mass men’s skin care continues to take share from the premium segment
The leading players see falling value sales and lose share
Retail e-commerce continues to dominate, although offline share higher than in many other beauty and personal care categories
Contrasting trends, as mass men’s skin care and premium men’s fragrances set to outperform
Retailers will continue to drive interest in men’s grooming
More dermocosmetics brands likely to offer variants for male consumers
Oral Care in South Korea
KEY DATA FINDINGS
Due to constant innovation, toothpaste maintains solid growth despite maturity
Amway’s innovative product helps it gain share
The inexorable rise of retail e-commerce continues
Toothpaste set to see the strongest growth, driven by segmented product launches, and marketing
New launches expected to drive premiumisation in oral care
Power toothbrushes set to continue to expand due to changing consumer perceptions
Skin Care in South Korea
KEY DATA FINDINGS
Anti-ageing and slow ageing trends drive strong growth for anti-agers
The two leaders maintain share growth, but smaller players see stronger growth from a low base
Retail e-commerce continues to grow, but variety stores also makes its mark
Players will look for ways to make their products stand out
Opportunities and threats for skin care
Expertise of pharmaceutical companies making its way into skin care
Sun Care in South Korea
KEY DATA FINDINGS
Both adult and baby and child-specific sun care see dynamic growth
Despite exceptional growth for Aestura, AmorePacific’s share declines
Olive Young has an impact on both online and offline sales
New product launches expected to follow the “glass skin” trend and drive value growth
Additions to functions and formulations likely to continue
Brands popular in the US may achieve popularity in South Korea
Premium Beauty and Personal Care in South Korea
KEY DATA FINDINGS
Solid growth, but performances vary significantly across categories
Brand image change for the two leaders
Steps made to address counterfeit products, but more will need to be done
Scented premium categories set to perform well, but premium nail care will face competition
Opportunities for selling premium products to men, but not necessarily male-specific products
Improving performance expected for premium face masks
Mass Beauty and Personal Care in South Korea
KEY DATA FINDINGS
A shift from the premium to the mass segment in skin care
The leading players continue to rise, but emerging brands also perform well
“Wiser wallet” impacts mass beauty and personal care, with some players exiting
Sun care set to drive growth, with brands popular overseas gaining traction
Efforts to strengthen consumer engagement in mass dermocosmetics
Distribution landscape likely to continue to change
The following categories and subcategories are included:
Beauty and Personal Care
-
- Baby and Child-specific Hair Care
- Baby and Child-specific Skin Care
- Baby and Child-specific Sun Care
- Baby and Child-specific Toiletries
- Baby Wipes
- Medicated Baby and Child-specific Products
- Nappy (Diaper) Rash Treatments
-
- Bar Soap
- Bath Additives
- Body Powder
- Body Wash/Shower Gel
- Hand Sanitisers
-
- Intimate Washes
- Intimate Wipes
- Liquid Soap
-
-
-
- Premium Eye Liner/Pencil
- Mass Eye Liner/Pencil
-
- Premium Eye Shadow
- Mass Eye Shadow
-
- Premium Mascara
- Mass Mascara
-
- Premium Other Lash and Brow Make-Up
- Mass Other Lash and Brow Make-Up
-
-
-
- Premium BB/CC Creams
- Mass BB/CC Creams
-
- Premium Blusher/Bronzer/Highlighter
- Mass Blusher/Bronzer/Highlighter
-
- Premium Foundation/Concealer
- Mass Foundation/Concealer
-
- Premium Powder
- Mass Powder
-
- Premium Other Facial Make-Up
- Mass Other Facial Make-Up
-
-
-
- Premium Lip Gloss
- Mass Lip Gloss
-
- Premium Lip Liner/Pencil
- Mass Lip Liner/Pencil
-
- Premium Lipstick
- Mass Lipstick
-
- Premium Other Lip Products
- Mass Other Lip Products
-
-
-
- Premium Nail Polish
- Mass Nail Polish
-
- Premium Nail Treatments/Strengthener
- Mass Nail Treatments/Strengthener
-
- Premium Polish Remover
- Mass Polish Remover
-
- Premium Other Nail Products
- Mass Other Nail Products
-
-
- Premium Colour Cosmetics Sets/Kits
- Mass Colour Cosmetics Sets/Kits
-
-
- Deodorant Creams
- Deodorant Pumps
- Deodorant Roll-Ons
- Deodorant Sprays
- Deodorant Sticks
- Deodorant Wipes
-
- Hair Removers/Bleaches
- Women's Pre-Shave
- Women's Razors and Blades
-
-
- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
-
- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
-
-
- 2-in-1 Products
- Colourants
- Conditioners and Treatments
- Hair Loss Treatments
- Perms and Relaxants
- Salon Professional Hair Care
-
- Medicated Shampoos
- Standard Shampoos
- Styling Agents
-
-
- Men's Post-Shave
- Men's Pre-Shave
- Men's Razors and Blades
-
-
- Premium Men's Bath and Shower
- Mass Men's Bath and Shower
-
- Premium Men's Deodorants
- Mass Men's Deodorants
-
- Premium Men's Hair Care
- Mass Men's Hair Care
-
- Premium Men's Skin Care
- Mass Men's Skin Care
-
-
- Premium Men's Fragrances
- Mass Men's Fragrances
-
-
- Dental Floss
-
- Denture Cleansers
- Denture Fixatives
- Mouth Fresheners
- Mouthwashes/Dental Rinses
- Tooth Whiteners
-
- Manual Toothbrushes
-
-
- Battery Toothbrush Replacement Heads
- Battery Toothbrush Units
-
- Electric Toothbrush Replacement Heads
- Electric Toothbrush Units
-
- Toothpaste
- Oral Care Excl Power Toothbrushes
-
-
-
- Premium Firming Body Care
- Mass Firming Body Care
-
- Premium General Purpose Body Care
- Mass General Purpose Body Care
-
-
-
- Premium Acne Treatments
- Mass Acne Treatments
-
- Premium Face Masks
- Mass Face Masks
-
-
- Premium Liquid/Cream/Gel/Bar Cleansers
- Mass Liquid/Cream/Gel/Bar Cleansers
-
- Premium Facial Cleansing Wipes
- Mass Facial Cleansing Wipes
-
-
-
- Premium Basic Moisturisers
- Mass Basic Moisturisers
-
- Premium Anti-Agers
- Mass Anti-Agers
-
-
- Premium Lip Care
- Mass Lip Care
-
- Premium Toners
- Mass Toners
-
-
- Premium Hand Care
- Mass Hand Care
-
- Premium Skin Care Sets/Kits
- Mass Skin Care Sets/Kits
-
-
-
-
- Premium Aftersun
- Mass Aftersun
-
- Premium Self-Tanning
- Mass Self-Tanning
-
- Premium Sun Protection
- Mass Sun Protection
-
- Baby and Child-specific Sun Care
-
-
- Premium Baby and Child-specific Products
- Premium Bath and Shower
-
-
- Premium Eye Liner/Pencil
- Premium Eye Shadow
- Premium Mascara
- Premium Other Lash and Brow Make-Up
-
- Premium BB/CC Creams
- Premium Blusher/Bronzer/Highlighter
- Premium Foundation/Concealer
- Premium Powder
- Premium Other Facial Make-Up
-
- Premium Lip Gloss
- Premium Lip Liner/Pencil
- Premium Lipstick
- Premium Other Lip Products
-
- Premium Nail Polish
- Premium Nail Treatments/Strengthener
- Premium Polish Remover
- Premium Other Nail Products
- Premium Colour Cosmetics Sets/Kits
-
- Premium Deodorants
-
- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
- Premium Hair Care
-
-
- Premium Firming Body Care
- Premium General Purpose Body Care
-
- Premium Acne Treatments
- Premium Face Masks
- Premium Facial Cleansing Wipes
-
- Premium Basic Moisturisers
- Premium Anti-Agers
- Premium Lip Care
- Premium Liquid/Cream/Gel/Bar Cleansers
- Premium Toners
- Premium Hand Care
- Premium Skin Care Sets/Kits
-
-
- Premium Aftersun
- Premium Self-Tanning
- Premium Sun Protection
-
- Prestige Baby and Child-specific Products
- Prestige Bath and Shower
- Prestige Colour Cosmetics
- Prestige Deodorants
- Prestige Fragrances
- Prestige Hair Care
-
- Prestige Body Care
- Prestige Facial Care
- Prestige Hand Care
- Prestige Skin Care Sets/Kits
- Prestige Adult Sun Care
-
- Mass Baby and Child-specific Products
- Mass Bath and Shower
-
-
- Mass Eye Liner/Pencil
- Mass Eye Shadow
- Mass Mascara
- Mass Other Lash and Brow Make-Up
-
- Mass BB/CC Creams
- Mass Blusher/Bronzer/Highlighter
- Mass Foundation/Concealer
- Mass Powder
- Mass Other Facial Make-Up
-
- Mass Lip Gloss
- Mass Lip Liner/Pencil
- Mass Lipstick
- Mass Other Lip Products
-
- Mass Nail Polish
- Mass Nail Treatments/Strengthener
- Mass Polish Remover
- Mass Other Nail Products
- Mass Colour Cosmetics Sets/Kits
-
- Mass Deodorants
-
- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
- Mass Hair Care
-
-
- Mass Firming Body Care
- Mass General Purpose Body Care
-
- Mass Acne Treatments
- Mass Face Masks
- Mass Facial Cleansing Wipes
-
- Mass Basic Moisturisers
- Mass Anti-Agers
- Mass Lip Care
- Mass Liquid/Cream/Gel/Bar Cleansers
- Mass Toners
- Mass Hand Care
- Mass Skin Care Sets/Kits
-
-
- Mass Aftersun
- Mass Self-Tanning
- Mass Sun Protection
-
- Dermocosmetics Baby and Child-specific Products
- Dermocosmetics Bath and Shower
- Dermocosmetics Colour Cosmetics
- Dermocosmetics Deodorants
- Dermocosmetics Fragrances
- Dermocosmetics Hair Care
-
- Dermocosmetics Body Care
- Dermocosmetics Facial Care
- Dermocosmetics Hand Care
- Dermocosmetics Skin Care Sets/Kits
- Dermocosmetics Adult Sun Care
Beauty and Personal Care
This is the aggregation of baby and child-specific products, bath & shower, colour cosmetics, deodorants, depilatories, fragrances, hair care, men's grooming, oral care, skin care and sun care. Black market sales and travel retail are excluded.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Beauty and Personal Care research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!