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 US$ 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 US$ 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) | US$ 1,048.1 million |
| Projected Men’s Skincare Product Industry Size in Korea (2033) | US$ 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
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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 | US$ 1,048.1 million |
| Projected Industry Size in 2033 | US$ 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 |
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| Key Companies Profiled |
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The men’s skincare product industry in Korea is valued at US$ 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 US$ 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 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. Cleansers & Face Wash 5.3.2. Facial Scrubs & Polishes 5.3.3. Moisturizers & Creams 5.3.4. Serums, Oils, & Treatment 5.3.5. Shave Care 5.3.5.1. After Shave Balm 5.3.5.2. After Shave Lotion 5.3.5.3. After Shave Splash/Gel 5.3.5.4. Others Shaving Products 5.3.5.5. Shaving Cream 5.3.5.6. Shaving Foam/Gel 5.3.6. Sunscreen 5.3.7. Others 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 Sales Channel 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Sales Channel, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Sales Channel, 2023 to 2033 6.3.1. Discount Stores 6.3.2. Drug Stores & Pharmacies 6.3.3. Multi-Brand Stores 6.3.4. Online Retailers 6.3.5. Salon/Grooming Clubs 6.3.6. Specialty Stores 6.3.7. Supermarkets/Hypermarkets 6.3.8. Other Sales Channel 6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Skin Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Skin Type, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Skin Type, 2023 to 2033 7.3.1. Combination Skin 7.3.2. Dry Skin 7.3.3. Normal Skin 7.3.4. Oily Skin 7.3.5. Sensitive Skin 7.4. Y-o-Y Growth Trend Analysis By Skin Type, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Skin Type, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Source 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Source, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Source, 2023 to 2033 8.3.1. Conventional 8.3.2. Organic 8.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Price Range 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Price Range, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Price Range, 2023 to 2033 9.3.1. Economy 9.3.2. Mid-Range 9.3.3. Premium 9.4. Y-o-Y Growth Trend Analysis By Price Range, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By Price Range, 2023 to 2033 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Region, 2018 to 2022 10.3. Current Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Region, 2023 to 2033 10.3.1. South Gyeongsang 10.3.2. North Jeolla 10.3.3. South Jeolla 10.3.4. Jeju 10.3.5. Rest of Korea 10.4. Market Attractiveness Analysis By Region 11. South Gyeongsang Men’sIndustry 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 Sales Channel 11.2.3. By Skin Type 11.2.4. By Source 11.2.5. By Price Range 11.3. Market Attractiveness Analysis 11.3.1. By Product Type 11.3.2. By Sales Channel 11.3.3. By Skin Type 11.3.4. By Source 11.3.5. By Price Range 11.4. Key Takeaways 12. North Jeolla Men’sIndustry 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 Sales Channel 12.2.3. By Skin Type 12.2.4. By Source 12.2.5. By Price Range 12.3. Market Attractiveness Analysis 12.3.1. By Product Type 12.3.2. By Sales Channel 12.3.3. By Skin Type 12.3.4. By Source 12.3.5. By Price Range 12.4. Key Takeaways 13. South Jeolla Men’sIndustry 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 Sales Channel 13.2.3. By Skin Type 13.2.4. By Source 13.2.5. By Price Range 13.3. Market Attractiveness Analysis 13.3.1. By Product Type 13.3.2. By Sales Channel 13.3.3. By Skin Type 13.3.4. By Source 13.3.5. By Price Range 13.4. Key Takeaways 14. Jeju Men’sIndustry 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 Sales Channel 14.2.3. By Skin Type 14.2.4. By Source 14.2.5. By Price Range 14.3. Market Attractiveness Analysis 14.3.1. By Product Type 14.3.2. By Sales Channel 14.3.3. By Skin Type 14.3.4. By Source 14.3.5. By Price Range 14.4. Key Takeaways 15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Product Type 15.2.2. By Sales Channel 15.2.3. By Skin Type 15.2.4. By Source 15.2.5. By Price Range 15.3. Market Attractiveness Analysis 15.3.1. By Product Type 15.3.2. By Sales Channel 15.3.3. By Skin Type 15.3.4. By Source 15.3.5. By Price Range 15.4. Key Takeaways 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product Type 16.3.3. By Sales Channel 16.3.4. By Skin Type 16.3.5. By Source 16.3.6. By Price Range 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Cosmecca Korea, Co. Ltd 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. KBL Cosmetics 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. ABLE C&C Co., Ltd 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Adwin Corporation 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. L'Oréal S.A 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Unilever PLC 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Clarins Group 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Chattem Inc. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Clinique Laboratories 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Kiehl's LLC 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Susanne Kaufmann Company 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 17.1.12. Lancôme Company 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.12.5.2. Product Strategy 17.1.12.5.3. Channel Strategy 17.1.13. Galderma Laboratories L.P. 17.1.13.1. Overview 17.1.13.2. Product Portfolio 17.1.13.3. Profitability by Market Segments 17.1.13.4. Sales Footprint 17.1.13.5. Strategy Overview 17.1.13.5.1. Marketing Strategy 17.1.13.5.2. Product Strategy 17.1.13.5.3. Channel Strategy 17.1.14. Aveda Corporation 17.1.14.1. Overview 17.1.14.2. Product Portfolio 17.1.14.3. Profitability by Market Segments 17.1.14.4. Sales Footprint 17.1.14.5. Strategy Overview 17.1.14.5.1. Marketing Strategy 17.1.14.5.2. Product Strategy 17.1.14.5.3. Channel Strategy 17.1.15. Emami Limited 17.1.15.1. Overview 17.1.15.2. Product Portfolio 17.1.15.3. Profitability by Market Segments 17.1.15.4. Sales Footprint 17.1.15.5. Strategy Overview 17.1.15.5.1. Marketing Strategy 17.1.15.5.2. Product Strategy 17.1.15.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Demand and Trend Analysis of Men’s Skincare Product in Korea
