South Korea Cosmetics & Toiletries – Market Assessment and Forecasts to 2024

South Korea Cosmetics & Toiletries – Market Assessment and Forecasts to 2024



Summary



The South Korean cosmetics & toiletries industry is led by the skincare sector in value and voulme terms in 2019. The feminine hygiene sector is forecast to register the fastest value and volume growth during 2019-2024. Health & beauty is the leading channel in distribution of cosmetics & toiletries products in the country. LG Corp, Amorepacific Corporation, and Procter & Gamble are the leading companies in the South Korean cosmetics & toiletries industry. Rigid plastics is the most commonly used pack material in the industry. Older consumers (aged 55+ years) accounted for the highest consumption of cosmetics & toiletries products in the country.



This report on the cosmetics & toiletries industry in South Korea provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures sector distribution data and companies market shares.



What else is contained?



– Industry data: Overall sector value and volume data with growth analysis for 2014-2024

– Sector coverage: Value and volume growth analysis for feminine hygiene, fragrances, haircare, make-up, male toiletries, oral hygiene, personal hygiene, skincare and suncare with inputs on individual segment share within each sector and the change in their market share forecast for 2019-2024

– Leading players: Market share of compaines (in value terms) and private labels (in value terms) in 2019

– Distribution data: Percentage of sales within each sector through distribution channels such as cash & carries and warehouse clubs, chemists/pharmacies, convenience stores, department stores, direct sellers, health & beauty stores, hypermarkets & supermarkets, parapharmacies/drugstores, “dollar stores”, variety stores & general merchandise retailers, e-retailers, drug stores & pharmacies, vending machines and other general retailers.

– Packaging data: consumption breakdown for package materials and pack types in each sector, in terms of percentage share of number of units sold. Pack material data for glass, flexible packaging, paper & board, rigid plastics, and rigid metal; pack type for: tube, jar, bottle, bag/sachet, tub, aerosol, carton-folding, stand up pouch, blister pack, aerosol, wrapper, film, specialty container, tray, box, foil and other pack type, closure type for: flip/snap top, dispenser, screw top, cap, prize off, twist off, sports cap, film, lever closure, stopper, foil and other closure types, primary outer types for: carton – folding, blister pack, sleeve, bag, shrink wrap and other primary outer types.



Scope



– The per capita consumption and per capita expenditure of cosmetics & toiletries was higher in Spain than the global level in 2019 – The purchasing pattern of consumers remains unchanged in the Spain cosmetics & toiletries industry

– The per capita consumption of personal hygiene products was higher than other cosmetics & toiletries sectors in 2019

– Hypermarkets & supermarkets was the leading distribution channel in the Spanish cosmetics & toiletries industry – Private labels are growing at a higher CAGR than brands in the Spanish cosmetics & toiletries industry

– Rigid plastics is the commonly used pack material in the Spanish cosmetics & toiletries industry

– Older consumers account for the leading share in the consumption of cosmetics & toiletries in Spain



Reasons to Buy



– Identify high potential sectors and explore further market opportunities based on detailed value and volume analysis

– Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities

– Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning

– Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion

– The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the industry

– Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.

– Identify high potential sectors and explore further market opportunities based on detailed value and volume analysis



Companies Mentioned:

LG Corp

Amorepacific Corporation

Procter & Gamble

L`Oreal S.A.

Missha Us Inc

The Estee Lauder Companies Inc.

The Estee Lauder Companies Inc.

Kimberly-Clark Corporation

Nu Skin Enterprises Inc

Johnson & Johnson Services Inc

Mary Kay Inc.

Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.