Natural cosmetics in Korea are expected to expand at a CAGR of 4.10% through 2033. A valuation of USD 2,767.80 million is anticipated for natural cosmetics in Korea in 2024. Korea is estimated to generate USD 4,118.70 million in revenue from natural cosmetics by 2034.
| Attributes | Details |
|---|---|
| Industry size of Korea | USD 2,767.80 million |
| Expected Industry Size of Korea in 2033 | USD 4,118.70 million |
| Forecasted CAGR between 2024 and 2034 | 4.10% |
Increasing awareness of synthetic ingredients' harmful effects has prompted people to be more cautious about their beauty products' ingredients. A push towards sustainable and environmentally friendly products has led manufacturers to develop products that meet consumers' dynamically changing beauty needs. As a result, natural beauty products have become increasingly popular
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A natural haircare trend and the willingness of South Gyeongsang consumers to experiment with innovations contribute to the growth in South Gyeongsang's haircare demand. Educating consumers about skincare routines and promoting products through influencer marketing and online tutorials is vital. The willingness to experiment with various products for hair and skin is expected to drive demand.
Health and wellness trends often coincide with the growth of natural cosmetics. In addition to seeking products that enhance their appearance, consumers also aim to find products that enhance their overall health and well-being. Natural cosmetics may appeal to those seeking a healthier lifestyle, as they contain fewer synthetic chemicals.
Natural products that are safe and effective have been developed through advances in cosmetic science. Plant extracts and minerals are some of the main factors driving the growth of natural cosmetics, especially in the absence of preservatives.
Essential oils are becoming increasingly popular for skincare routines and are expected to drive demand for these products in the coming years. Consumers are paying closer attention to product labels now that regulations are changing and health risks are becoming more apparent. As a result, consumers are seeking products with natural ingredients that are simpler and easier to use.
With the growing popularity of natural ingredients in cosmetic products, organic and natural materials are becoming increasingly popular. Natural beauty products have gained increasing popularity in South Korea as a whole.
Consumers are turning toward clean beauty products made from organic and natural components is increasing among consumers. The islands, coastline, and national parks of South Jeolla are known for their natural beauty. Visitors and residents may be more interested in natural beauty products as a result of the scenic landscapes present in the province.
Increasing consumer awareness about hair and haircare products, the demand is expected to grow. Haircare products are expected to hold a 14.80% share in 2024. Consumers are becoming more aware of hair care ingredients and seeking natural alternatives perceived as healthier and more environmentally friendly.
Traditional hair care products may contain synthetic chemicals that may negatively affect consumers. Promoting natural hair care products online has also increased awareness and drove demand for these products.
| Korea Natural Cosmetics Based on Product | Hair Care |
|---|---|
| Industry Share in % | 14.80% |
Distribution and availability of natural cosmetics are largely dependent on specialty stores. The stores specializing in natural and organic beauty products cater to consumers looking for those products. Specialized stores are expected to hold a revenue share of 15.40% in 2024. Several specialty cosmetic stores are available online, and offline stores sell these natural cosmetics.
Customers can browse and purchase products from specialty online stores from the comfort of their homes, providing convenience and accessibility. Shoppers can interact with knowledgeable staff in physical specialty stores and explore products in person, offering a personalized shopping experience.
| Korea Natural Cosmetics Based on Sales Channel | Specialty Stores |
|---|---|
| Industry Share in % | 15.40% |
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Various players in the natural cosmetics industry prefer to work with companies that offer technology solutions. Raw materials suitable for natural cosmetic production are identified through research and development activities.
Recent Developments Observed in the Korean Natural Cosmetics Industry
| Attributes | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 2,767.80 million |
| Projected Industry Valuation in 2034 | USD 4,118.70 million |
| Value-based CAGR 2024 to 2034 | 4.10% |
| Historical Analysis of the Natural Cosmetics in Korea | 2019 to 2023 |
| Demand Forecast for Natural Cosmetics in Korea | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of Key Factors Influencing Natural Cosmetics in Korea Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Cities Analyzed While Studying Opportunities in Natural Cosmetics in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju, Rest of Korea |
| Key Companies Profiled | Sourcing-Lab; Cosmedique; Nutricare; Kolmar Korea; L’Oréal SA; Amway Corporation; Beiersdorf; Benefit Cosmetics LLC; Chanel S.A.; Clarins Group; Coty Inc. |
Natural cosmetics is expected to register a CAGR of 4.10% from 2024 to 2034.
Korea is expected to generate USD 2,767.80 million in natural cosmetics sales in 2024.
Natural cosmetics is expected to reach USD 4,118.70 million in Korea by 2034.
Hair care products are likely to dominate the industry in the coming years.
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Demand and Trend Analysis of Natural Cosmetics in Korea
