K-Beauty Saw Growth In 2022-2023

The Korea cosmetics market (Okay-Beauty) demonstrated development from 2022-2023, owing to the nation’s long-standing magnificence custom that values skincare and self-care actions. 
 
The Korea cosmetics market worth stood at $6.57 billion in 2023 and is predicted to succeed in $9.05 billion by 2029. The export worth of the Korea cosmetics market was $7.65 billion in 2023. 
 
Also contributing to Okay-Beauty development included a quickly increasing e-commerce sector, growing buying energy, rising shopper choice for pure merchandise, improve in consumption of cosmetics amongst women and men, rise in adoption of do-it-yourself (DIY) magnificence care pattern, and Korea’s growing emphasis on analysis and improvement (R&D) actions.
 
With the introduction of ‘same-day’ and ‘early morning’ supply providers, growing shopper emphasis on the usage of high-quality components, and rising consciousness and acceptance of make-up amongst males, the Okay-Beauty market is predicted to develop at a CAGR of 5.48% within the forecasted interval of 2024-2029.
 
ReasearchAndMarkets.com not too long ago revealed the “Korea Cosmetics (Okay-Beauty) Market: Analysis By Type, By Category, By Distribution Channel, By Exports, By Production, Size and Trends with Impact of COVID-19 and Forecast as much as 2029.”
 
The report offers perception into the Okay-Beauty market, explaining that Korean cosmetics have an edge within the skincare space and a excessive demand for delicate pores and skin merchandise amongst Korean shoppers.
 
Companies featured within the report embrace:

 
See right here for the complete report. 
 

https://www.beautypackaging.com/contents/view_breaking-news/2024-04-05/k-beauty-saw-growth-in-2022-2023/?widget=listSection

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