The men's skincare product sector in Korea is poised for substantial growth up to 2033, with an anticipated robust CAGR of 12.3% through 2033. This growth is expected to be particularly prominent in the South Gyeongsang and North Jeolla regions.
The demand for the men’s skincare product has evolved into a mainstream industry in Korea. This trajectory is set to drive the sector to an estimated valuation of USD 1,048.1 million in 2023.
With a promising outlook and consumers growing reliance on online shopping platforms, the projected demand for men’s skincare product in Korea is expected to reach an impressive USD 3,333.8 million by 2033.
Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities
| Attributes | Details |
|---|---|
| Men’s Skincare Product Industry Size in Korea (2023) | USD 1,048.1 million |
| Projected Men’s Skincare Product Industry Size in Korea (2033) | USD 3,333.8 million |
| CAGR Estimation (2023 to 2033) | 12.3% |
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In South Gyeongsang, the men's skincare product industry is experiencing a surge in demand for specialized solutions, focusing on hyper-targeted offerings. Men in this region are increasingly seeking products like men’s eye and anti-aging cream to address specific skincare concerns, propelling the industry's growth.
The influence of the skincare industry is evident as men look for tailored remedies to address issues such as crow's feet and fine lines.
The skincare landscape is transforming in North Jeolla as men embrace personalized skincare regimens. The industry here is witnessing a shift toward addressing distinct skin types, with a growing demand for men’s acne treatments, men’s sensitive skin skincare, men’s oily skin skincare, men’s dry skin skincare, and men's mature skin skincare.
Brands are pioneering inclusive approaches, offering solutions that cater to diverse skin textures and sensitivities, empowering men to curate routines that align with their unique skin characteristics
Principal Consultant
The table below highlights that shave care is likely to lead the product-type segment, while oily skin is expected to dominate the skin-type segment in 2023.
| Category | Industrial Share in 2023 |
|---|---|
| Shave Care | 37.0% |
| Oily Skin | 32.6% |
The shave care segment asserts dominance in the global men’s skincare product industry, capturing a 37.0% industry share in 2023. Shave care is vital to men's skincare routines, ensuring a smooth and comfortable shaving experience while promoting skin health.
This category encompasses a range of specialized grooming products designed to prepare the skin for shaving, minimize irritation, and provide post-shave nourishment.
Shave care products cater to the unique needs of men's skin, addressing concerns such as razor burns, ingrown hairs, and maintaining a refreshed appearance.
From pre-shave oils and shaving creams for a comfortable shave to post-shave balms and moisturizers for skin recovery, shave care is essential to comprehensive men's skincare.
The oily skin segment asserts dominance in the global men’s skincare product industry, capturing a 32.6% industry share in 2023. Skincare for men with oily skin requires specialized attention to address excess sebum production and related concerns.
Oily skin can often lead to acne, enlarged pores, and a shiny complexion. To combat these challenges, the industry offers a range of men's skincare product designed specifically for oily skin.
These products include oil-control cleansers, mattifying moisturizers, and targeted treatments to balance sebum levels and reduce shine. By incorporating these tailored solutions into their daily routines, men with oily skin can maintain a clear, matte complexion and prevent common skincare issues associated with excess oil production.
In the highly competitive men's skincare product industry in Korea, companies employ various strategies to gain a foothold. Key approaches include introducing innovative product formulations to target specific skin concerns, such as anti-aging or UV protection.
Many players focus on eco-friendly and natural ingredients to appeal to health-conscious consumers. Proactive marketing campaigns, collaborations with influencers, and expanding e-commerce presence are common tactics as well. Additionally, pricing and bundling strategies play a significant role in industry positioning.
Recent Developments Observed in Men’s Skincare Product Industry in Korea
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 1,048.1 million |
| Projected Industry Size in 2033 | USD 3,333.8 million |
| Anticipated CAGR between 2023 to 2033 | 12.3% CAGR |
| Demand Forecast for the Men’s Skincare Product Industry in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the Men’s Skincare Product Industry in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Provinces Analyzed | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | Innisfree; The Face Shop; Missha; Nature Republic; Laneige; Etude House; TonyMoly; SkinFood; A'PIEU; Mamonde |
The men’s skincare product industry in Korea is valued at USD 1,048.1 million in 2023.
The anticipated CAGR for the men’s skincare product industry in Korea ecosystem through 2033 is 12.3%.
Demand for the men’s skincare product in Korea is likely to be USD 3,333.8 million by 2033.
The men's skincare industry in Korea commonly targets oily skin.
The shave care sector is projected to remain a key contributor in Korea’s men's skincare industry.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Cleansers & Face Wash 5.2. Facial Scrubs & Polishes 5.3. Moisturizers & Creams 5.4. Serums, Oils, & Treatment 5.5. Shave Care 5.6. Sunscreen 5.7. Others 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 6.1. Discount Stores 6.2. Drug Stores & Pharmacies 6.3. Multi-Brand Stores 6.4. Online Retailers 6.5. Salon/Grooming Clubs 6.6. Specialty Stores 6.7. Supermarkets/Hypermarkets 6.8. Other Sales Channel 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Skin Type 7.1. Combination Skin 7.2. Dry Skin 7.3. Normal Skin 7.4. Oily Skin 7.5. Sensitive Skin 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Source 8.1. Conventional 8.2. Organic 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Price Range 9.1. Economy 9.2. Mid-Range 9.3. Premium 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. South Gyeongsang 10.2. North Jeolla 10.3. South Jeolla 10.4. Jeju 10.5. Rest of Korea 11. South Gyeongsang Men’s Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12. North Jeolla Men’s Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13. South Jeolla Men’s Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. Jeju Men’s Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 16. Market Structure Analysis 17. Competition Analysis 17.1. Cosmecca Korea, Co. Ltd 17.2. KBL Cosmetics 17.3. ABLE C&C Co., Ltd 17.4. Adwin Corporation 17.5. L'Oréal S.A 17.6. Unilever PLC 17.7. Clarins Group 17.8. Chattem Inc. 17.9. Clinique Laboratories 17.10. Kiehl's LLC 17.11. Susanne Kaufmann Company 17.12. Lancôme Company 17.13. Galderma Laboratories L.P. 17.14. Aveda Corporation 17.15. Emami Limited 18. Assumptions & Acronyms Used 19. Research Methodology
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Demand and Trend Analysis of Men’s Skincare Product in Korea
