Our research indicates that the total industry value of anti-wrinkle products sold in Korea as of 2023 is likely to be around US$ 494.2 million. The demand for anti-wrinkle products is projected to increase at a 5.80% CAGR in Korea between 2023 and 2033. The report further predicts that the net worth of the anti-wrinkle product business in Korea could reach about US$ 867.3 million by the end of 2033.
Attributes | Details |
---|---|
Industry size of Korea in 2023 | US$ 494.2 million |
Expected Industry Size of Korea by 2033 | US$ 867.3 million |
Forecasted CAGR between 2023 to 2033 | 5.80% |
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Korea's Beauty Revolution for Every Generation:The increasing elderly population in Korea is a significant factor contributing to the demand for anti-wrinkle products. Women of all age groups in the country have a preference for superior, well-performing products that can lessen the visibility of wrinkles and fine lines.
Korea's Cosmetic Shift to Non-surgery:The general perception of natives against cosmetic treatments like Botox injections and dermal fillers has also increased the adoption of anti-wrinkle product in Korea. A significant number of individuals opt for cosmetics and pharmaceutical products that promise a more youthful appearance without the need for any surgical procedures.
Surging Sales of Anti-wrinkle Products Amidst Online Beauty Boom:Sales of anti-wrinkle products have also surged due to their easy availability on eCommerce websites, as well as in medicine and retail outlets. Rising living standards, coupled with rapid economic development and improving digital literacy, have all contributed to the increase in sales of skin-firming products in the country.
Influencers Drive Korea's Anti-wrinkle Revolution:Technological developments have also amplified the impact of social media trends, propelling regional demand for skin-plumping products. A noticeable change observed in Korea nowadays is the tendency to follow social media influencers for product suggestions and more information about anti-aging skincare.
Korea's Men Join the Wrinkle Battle:A significant portion of the male population in Korea has become a substantial consumer base for anti-wrinkle product companies in the country. Consequently, these companies are producing multipurpose skin care solutions in response to customer requests for a one-size-fits-all solution for all skin types.
The creams and moisturizer segment contributes to about 60.3% of the total revenue generated in Korea in 2023. This segment is projected to experience substantial growth, holding onto its top spot over the projected years. The demand for cleansers and other products is also rising as people are becoming aware of the importance of following all steps for skin care.
Anti-wrinkle Product in Korea based on Product Type | Creams & Moisturizer |
---|---|
Total Share (2023) | 60.3% |
Sales of anti-wrinkle products at pharmacies in Korea contributes to around 15.0% of the total sales achieved in the country in 2023. As Korean people prefer dermatologist-recommended skin care products more, pharmacy outlets have retained a greater share of the industry. However, with more people in the country now opting for online purchases, this segment is expected to grow at a faster rate. Online marketplaces offer convenient access to products from multiple companies and anticipated price breaks, which are likely to drive this segment's growth.
Anti-wrinkle Product in Korea based on Sales Channel | Pharmacies |
---|---|
Total Share (2023) | 15.0% |
The overall landscape for anti-wrinkle product in Korea has gradually turned highly competitive in the last few years. Furthermore, Korea has become one of the primary markets for anti-aging skin care products after the growing popularity of many regional players on a global scale. The development of new formulations and products with rare components is a primary approach used by the top businesses to popularize their brand.
Recent Developments in Anti-wrinkle Product in Korea
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | US$ 494.2 million |
Projected Industry Size by 2033 | US$ 867.3 million |
Anticipated CAGR between 2023 to 2033 | 5.80% CAGR |
Historical Analysis of Demand for Anti-wrinkle Product in Korea | 2018 to 2022 |
Demand Forecast for Anti-wrinkle Product in Korea | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Anti-wrinkle Product in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Korea Providers |
Key Companies Profiled | Amorepacific; LG Household & Health Care; Cosmax; Intercos; Kolmar Korea; Kolon Life Science; Medytox; Neopharm; Hansol BioScience; Huons; Cosderma; Abib; Benton; Dear, Klairs; Dr.Jart+; Etude House; Innisfree; Laneige; Missha; Nature Republic; Sulwhasoo; The Face Shop; Whoo |
The anticipated CAGR for the anti-wrinkle product industry in Korea through 2033 is 5.80%.
The demand for anti-wrinkle product in Korea is expected to exceed US$ 867.3 million by 2033.
Anti-wrinkle product suppliers are developing new product range frequently to boost sales.
The creams and moisturizers segment is at the forefront of the industry in Korea, accounting for 60.3% of the revenue share in 2023.
The pharmacies segment currently holds the lead in Korea, comprising 15.0% of total sales.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Product Type , 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Product Type , 2023 to 2033
5.3.1. Creams & Moisturizers
5.3.2. Cleansers
5.3.3. Other Products
5.4. Y-o-Y Growth Trend Analysis By Product Type , 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type , 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Nature , 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Nature , 2023 to 2033
6.3.1. Natural/Herbal
6.3.2. Synthetic
6.3.3. Organic
6.4. Y-o-Y Growth Trend Analysis By Nature , 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Nature , 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End-User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By End-User , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By End-User , 2023 to 2033
7.3.1. Men
7.3.2. Women
7.4. Y-o-Y Growth Trend Analysis By End-User , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End-User , 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Sales Channel , 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Sales Channel , 2023 to 2033
8.3.1. Pharmacies
8.3.2. Specialty Outlets
8.3.3. Supermarkets/Hypermarkets
8.3.4. Convenience Stores
8.3.5. Beauty Stores
8.3.6. E-Retailers
8.3.7. Others
8.4. Y-o-Y Growth Trend Analysis By Sales Channel , 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Sales Channel , 2023 to 2033
9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Region, 2023 to 2033
9.3.1. South Gyeongsang
9.3.2. North Jeolla
9.3.3. South Jeolla
9.3.4. Jeju
9.3.5. Rest of Korea
9.4. Market Attractiveness Analysis By Region
10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Product Type
10.2.2. By Nature
10.2.3. By End-User
10.2.4. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Product Type
10.3.2. By Nature
10.3.3. By End-User
10.3.4. By Sales Channel
10.4. Key Takeaways
11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Product Type
11.2.2. By Nature
11.2.3. By End-User
11.2.4. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Product Type
11.3.2. By Nature
11.3.3. By End-User
11.3.4. By Sales Channel
11.4. Key Takeaways
12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Product Type
12.2.2. By Nature
12.2.3. By End-User
12.2.4. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Product Type
12.3.2. By Nature
12.3.3. By End-User
12.3.4. By Sales Channel
12.4. Key Takeaways
13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Product Type
13.2.2. By Nature
13.2.3. By End-User
13.2.4. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Product Type
13.3.2. By Nature
13.3.3. By End-User
13.3.4. By Sales Channel
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Product Type
14.2.2. By Nature
14.2.3. By End-User
14.2.4. By Sales Channel
14.3. Market Attractiveness Analysis
14.3.1. By Product Type
14.3.2. By Nature
14.3.3. By End-User
14.3.4. By Sales Channel
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product Type
15.3.3. By Nature
15.3.4. By End-User
15.3.5. By Sales Channel
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Nature Republic
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. COSMAX INC.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Kolmar Korea
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Cosmecca Korea, Co. Ltd.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. KBL Cosmetics
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Black Bird Skincare
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Lotus Herbals Limited
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. L'Oréal S.A.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Kao Corporation
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Coty, Inc.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
16.1.11. Colgate Palmolive Company
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
16.1.11.5.3. Channel Strategy
16.1.12. Clarins Group
16.1.12.1. Overview
16.1.12.2. Product Portfolio
16.1.12.3. Profitability by Market Segments
16.1.12.4. Sales Footprint
16.1.12.5. Strategy Overview
16.1.12.5.1. Marketing Strategy
16.1.12.5.2. Product Strategy
16.1.12.5.3. Channel Strategy
16.1.13. Biomod Concepts, Inc.
16.1.13.1. Overview
16.1.13.2. Product Portfolio
16.1.13.3. Profitability by Market Segments
16.1.13.4. Sales Footprint
16.1.13.5. Strategy Overview
16.1.13.5.1. Marketing Strategy
16.1.13.5.2. Product Strategy
16.1.13.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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