Market Insights Consumer Beauty & Personal Care Skin Care

Body - South Korea

South Korea

In South Korea, the revenue in the Body market is projected to reach €331.60m in 2024.
It is anticipated that the market will experience an annual growth rate of 2.42% (CAGR 2024-2029).
Comparatively, in China leads in terms of revenue generation in the global market, with a projected revenue of €4,024m in 2024.
When considering the population size, the per person revenue in South Korea is estimated to be €6.41 in 2024.
South Korea's beauty market is dominated by a strong consumer demand for skincare products and a growing interest in K-beauty trends.

Key regions: South Korea, India, Canada, Singapore, United States

Marché

Région

Comparaison de régions

Monnaie

Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.