Korea Cosmetics (K-Beauty) Market Analysis Report 2024-2029: Brands are Losing Out in the Chinese Market to Local Players in the Mass Segment and to Global Players in the Premium Segment - ResearchAndMarkets.com
The Korea cosmetics market value stood at US$6.57 billion in 2023, and is expected to reach US$9.05 billion by 2029.
- The Korea cosmetics market value stood at US$6.57 billion in 2023, and is expected to reach US$9.05 billion by 2029.
- Geographically, the market is not limited to a specific region within Korea but has a significant presence throughout the country.
- Korean brands are losing out in the Chinese market to local brands in the mass segment and to global players in the premium segment, leading to inevitable and painful restructuring.
- The report provides the bifurcation of the Korea cosmetics market into two segments based on category, premium products and mass products.