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Beauty and Personal Care in South Korea

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Description

The COVID-19 pandemic had a varied impact on beauty and personal care categories in 2020, with performance varying a great deal from category to category. Although many beauty categories, such as colour cosmetics, recorded a dramatic decline in demand in 2020, many personal care categories such as bath and shower, deodorants, and fragrances recorded strong retail current value growth despite the upheaval of the COVID-19 crisis. This was due to an increased focus on personal hygiene during the CO...

Euromonitor International's Beauty and Personal Care in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2016-2020, allowing you to identify the sectors driving growth. Forecasts to 2025 illustrate how the market is set to change.

Product coverage: Baby and Child-specific Products, Bath and Shower, Colour Cosmetics, Deodorants, Depilatories, Dermocosmetics Beauty and Personal Care, Fragrances, Hair Care, Mass Beauty and Personal Care, Men's Grooming, Oral Care, Oral Care Excl Power Toothbrushes, Premium Beauty and Personal Care, Prestige Beauty and Personal Care, Skin Care, Sun Care.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Beauty and Personal Care market; Pinpoint growth sectors and identify factors driving change; Understand the competitive environment, the market's major players and leading brands; Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: CTKR

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

COVID-19 impact on beauty and personal care

COVID-19 country impact

Company response

Retailing shift

What next for beauty and personal care?

CHART 1 Beauty and Personal Care Value Sales Growth Scenarios: 2018-2025

CHART 2 Beauty and Personal Care Impact of Soft Drivers on Value Sales: 2017-2025

MARKET DATA

Table 1 Sales of Beauty and Personal Care by Category: Value 2015-2020 Table 2 Sales of Beauty and Personal Care by Category: % Value Growth 2015-2020 Table 3 GBO Company Shares of Beauty and Personal Care: % Value 2016-2020 Table 4 NBO Company Shares of Beauty and Personal Care: % Value 2016-2020 Table 5 LBN Brand Shares of Beauty and Personal Care: % Value 2017-2020 Table 6 Distribution of Beauty and Personal Care by Format: % Value 2015-2020 Table 7 Distribution of Beauty and Personal Care by Format and Category: % Value 2020 Table 8 Forecast Sales of Beauty and Personal Care by Category: Value 2020-2025 Table 9 Forecast Sales of Beauty and Personal Care by Category: % Value Growth 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

Summary 1 Research Sources

MASS BEAUTY AND PERSONAL CARE IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Category hit hard by drop in tourism as drugstores/parapharmacies challenge beauty specialist retailers

COVID-19 prompts a shift to online retailing as e-commerce channels boom

Domestic brands struggle but demand for unique brands increases

RECOVERY AND OPPORTUNITIES

Category to make smooth recovery as South Korea recovers from COVID-19

Pricing remains key to success in mass beauty and personal care as price wars break out in e-commerce

Value consumption emerges amongst younger consumers

CATEGORY DATA

Table 10 Sales of Mass Beauty and Personal Care by Category: Value 2015-2020 Table 11 Sales of Mass Beauty and Personal Care by Category: % Value Growth 2015-2020 Table 12 NBO Company Shares of Mass Beauty and Personal Care: % Value 2016-2020 Table 13 LBN Brand Shares of Mass Beauty and Personal Care: % Value 2017-2020 Table 14 Forecast Sales of Mass Beauty and Personal Care by Category: Value 2020-2025 Table 15 Forecast Sales of Mass Beauty and Personal Care by Category: % Value Growth 2020-2025

PREMIUM BEAUTY AND PERSONAL CARE IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Premium colour cosmetics is hit hard by COVID-19 as face masks restrict demand

Premium brands engage in unprecedented promotional activity to stimulate growth

Offline sales stagnate as consumers avoid department stores

RECOVERY AND OPPORTUNITIES

Premium beauty and personal care rebounds swiftly as premium colour cosmetics lags behind

Customisation becomes a key trend in premium beauty and personal care as the subscription model gains traction

Digital revolution to shake up premium beauty and personal care

CATEGORY DATA

Table 16 Sales of Premium Beauty and Personal Care by Category: Value 2015-2020 Table 17 Sales of Premium Beauty and Personal Care by Category: % Value Growth 2015-2020 Table 18 NBO Company Shares of Premium Beauty and Personal Care: % Value 2016-2020 Table 19 LBN Brand Shares of Premium Beauty and Personal Care: % Value 2017-2020 Table 20 Forecast Sales of Premium Beauty and Personal Care by Category: Value 2020-2025 Table 21 Forecast Sales of Premium Beauty and Personal Care by Category: % Value Growth 2020-2025

BABY AND CHILD-SPECIFIC PRODUCTS IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Category proves resilient to effects of COVID-19 as demand remained steady

Local premium brands continue to gain traction as Yuhan Kimberly Co Ltd retains leadership

Baby wipes continues to post strong growth thanks to diverse usage

RECOVERY AND OPPORTUNITIES

Category to post swift recovery from COVID-19

Dermocosmetics look set to expand as clean beauty trend gains traction in the category

Companies rebrand as dermocosmetics to fight off competition

CATEGORY DATA

Table 22 Sales of Baby and Child-specific Products by Category: Value 2015-2020 Table 23 Sales of Baby and Child-specific Products by Category: % Value Growth 2015-2020 Table 24 Sales of Baby and Child-specific Products by Premium vs Mass: % Value 2015-2020 Table 25 NBO Company Shares of Baby and Child-specific Products: % Value 2016-2020 Table 26 LBN Brand Shares of Baby and Child-specific Products: % Value 2017-2020 Table 27 LBN Brand Shares of Baby and Child-specific Skin Care: % Value 2017-2020 Table 28 LBN Brand Shares of Baby and Child-specific Sun Care: % Value 2017-2020 Table 29 LBN Brand Shares of Premium Baby and Child-specific Products: % Value 2017-2020 Table 30 Forecast Sales of Baby and Child-specific Products by Category: Value 2020-2025 Table 31 Forecast Sales of Baby and Child-specific Products by Category: % Value Growth 2020-2025 Table 32 Forecast Sales of Baby and Child-specific Products by Premium vs Mass: % Value 2020-2025

BATH AND SHOWER IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Bath and shower benefits from focus on personal hygiene in 2020 as consumers recreate the spa at home

COVID-19 highlights importance of handwashing supporting growth in liquid soap

Self-care trend supports premiumisation of bath and shower

RECOVERY AND OPPORTUNITIES

COVID-19 has a lasting impact on personal hygiene routines in South Korea

Zero waste movement on the rise as consumers seek to offset single-use plastic consumption

Category to target middle-aged women as primary consumer base

CATEGORY DATA

Table 33 Sales of Bath and Shower by Category: Value 2015-2020 Table 34 Sales of Bath and Shower by Category: % Value Growth 2015-2020 Table 35 Sales of Bath and Shower by Premium vs Mass: % Value 2015-2020 Table 36 NBO Company Shares of Bath and Shower: % Value 2016-2020 Table 37 LBN Brand Shares of Bath and Shower: % Value 2017-2020 Table 38 LBN Brand Shares of Premium Bath and Shower: % Value 2017-2020 Table 39 Forecast Sales of Bath and Shower by Category: Value 2020-2025 Table 40 Forecast Sales of Bath and Shower by Category: % Value Growth 2020-2025 Table 41 Forecast Sales of Bath and Shower by Premium vs Mass: % Value 2020-2025

COLOUR COSMETICS IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Colour cosmetics suffers heavy losses as consumers cover up with face masks

Nail products posts strong performance as consumers treat themselves at home

E-commerce boosted by COVID-19 as consumers avoid physical outlets

RECOVERY AND OPPORTUNITIES

Sales to pick up as COVID-19 subsides and new product launches stimulate interest

Vegan colour cosmetics on the rise

Colour cosmetics to undergo a digital revolution as leading players invest in innovation

CATEGORY DATA

Table 42 Sales of Colour Cosmetics by Category: Value 2015-2020 Table 43 Sales of Colour Cosmetics by Category: % Value Growth 2015-2020 Table 44 NBO Company Shares of Colour Cosmetics: % Value 2016-2020 Table 45 LBN Brand Shares of Colour Cosmetics: % Value 2017-2020 Table 46 LBN Brand Shares of Eye Make-up: % Value 2017-2020 Table 47 LBN Brand Shares of Facial Make-up: % Value 2017-2020 Table 48 LBN Brand Shares of Lip Products: % Value 2017-2020 Table 49 LBN Brand Shares of Nail Products: % Value 2017-2020 Table 50 LBN Brand Shares of Premium Colour Cosmetics: % Value 2017-2020 Table 51 Forecast Sales of Colour Cosmetics by Category: Value 2020-2025 Table 52 Forecast Sales of Colour Cosmetics by Category: % Value Growth 2020-2025

DEODORANTS IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Deodorants sales resilient to COVID-19 and boosted by humid summer

Home seclusion drives shift from colour cosmetics, benefiting deodorant sprays

E-commerce on the rise, spurred by the COVID-19 pandemic as companies upgrade their delivery options

RECOVERY AND OPPORTUNITIES

Category continues to grow thanks to performance of deodorant sprays

Product development incorporates additional features and benefits

Clean beauty and antibacterial properties will appeal to consumers in the coming years

CATEGORY DATA

Table 53 Sales of Deodorants by Category: Value 2015-2020 Table 54 Sales of Deodorants by Category: % Value Growth 2015-2020 Table 55 Sales of Deodorants by Premium vs Mass: % Value 2015-2020 Table 56 NBO Company Shares of Deodorants: % Value 2016-2020 Table 57 LBN Brand Shares of Deodorants: % Value 2017-2020 Table 58 Forecast Sales of Deodorants by Category: Value 2020-2025 Table 59 Forecast Sales of Deodorants by Category: % Value Growth 2020-2025 Table 60 Forecast Sales of Deodorants by Premium Vs Mass: % Value 2020-2025

DEPILATORIES IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Sales in depilatories supported by home self-care trend as consumers avoid professional salons

Shift from professional salons did not benefit women's razors and blades

E-commerce gains ground in depilatories

RECOVERY AND OPPORTUNITIES

Burgeoning self-care trend will continue to support sales in the coming years

Women's razors and blades and women's pre-shave continue to decline

Growing range of epilator devices puts pressure on depilatories

CATEGORY DATA

Table 61 Sales of Depilatories by Category: Value 2015-2020 Table 62 Sales of Depilatories by Category: % Value Growth 2015-2020 Table 63 Sales of Women's Razors and Blades by Type: % Value Breakdown 2016-2020 Table 64 NBO Company Shares of Depilatories: % Value 2016-2020 Table 65 LBN Brand Shares of Depilatories: % Value 2017-2020 Table 66 Forecast Sales of Depilatories by Category: Value 2020-2025 Table 67 Forecast Sales of Depilatories by Category: % Value Growth 2020-2025

FRAGRANCES IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

COVID-19 drove a shift in consumer spending from colour cosmetics to fragrances

Airport sales drop as department stores redesign their fragrances sections

The gender neutral trend emerges in South Korean fragrances

RECOVERY AND OPPORTUNITIES

Fragrances' boost looks set to continue as COVID-19 lingers

Duty-free sales to pick up as airports prepare to reopen

Fashion brands turn to fragrances to generate growth

CATEGORY DATA

Table 68 Sales of Fragrances by Category: Value 2015-2020 Table 69 Sales of Fragrances by Category: % Value Growth 2015-2020 Table 70 NBO Company Shares of Fragrances: % Value 2016-2020 Table 71 LBN Brand Shares of Fragrances: % Value 2017-2020 Table 72 LBN Brand Shares of Premium Men's Fragrances: % Value 2017-2020 Table 73 LBN Brand Shares of Premium Women's Fragrances: % Value 2017-2020 Table 74 Forecast Sales of Fragrances by Category: Value 2020-2025 Table 75 Forecast Sales of Fragrances by Category: % Value Growth 2020-2025

HAIR CARE IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

COVID-19 spurs increase in demand for hair care as consumers avoid salons

COVID-19 drives distribution shift as e-commerce sales boom

Hair loss is key concern for South Korean consumers as anti-hair loss shampoos gain traction

RECOVERY AND OPPORTUNITIES

Customers continue to seek at-home salon treatments, but will eventually return to salons

Standard shampoos continues to diversify as vegan products emerge

Sustainability to become a key theme in hair care

CATEGORY DATA

Table 76 Sales of Hair Care by Category: Value 2015-2020 Table 77 Sales of Hair Care by Category: % Value Growth 2015-2020 Table 78 Sales of Hair Care by Premium vs Mass: % Value 2015-2020 Table 79 NBO Company Shares of Hair Care: % Value 2016-2020 Table 80 NBO Company Shares of Salon Professional Hair Care: % Value 2016-2020 Table 81 LBN Brand Shares of Hair Care: % Value 2017-2020 Table 82 LBN Brand Shares of Colourants: % Value 2017-2020 Table 83 LBN Brand Shares of Salon Professional Hair Care: % Value 2017-2020 Table 84 LBN Brand Shares of Styling Agents: % Value 2017-2020 Table 85 LBN Brand Shares of Premium Hair Care: % Value 2017-2020 Table 86 Forecast Sales of Hair Care by Category: Value 2020-2025 Table 87 Forecast Sales of Hair Care by Category: % Value Growth 2020-2025 Table 88 Forecast Sales of Hair Care by Premium vs Mass: % Value 2020-2025

MEN'S GROOMING IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

COVID-19 lifestyle changes drive a decline in demand for men's grooming products

Men's skin care continues to expand as retailers revamp the shopping experience

The gender neutral trend supports growth in men's colour cosmetics

RECOVERY AND OPPORTUNITIES

Men's grooming to rebound as life returns to normal in South Korea

Men's shaving sees the growth of subscription services

Expanding consumer base leads to diversification in men's skin care

CATEGORY DATA

Table 89 Sales of Men's Grooming by Category: Value 2015-2020 Table 90 Sales of Men's Grooming by Category: % Value Growth 2015-2020 Table 91 Sales of Men's Razors and Blades by Type: % Value Breakdown 2016-2020 Table 92 Sales of Men's Skin Care by Type: % Value Breakdown 2017-2020 Table 93 NBO Company Shares of Men's Grooming: % Value 2016-2020 Table 94 LBN Brand Shares of Men's Grooming: % Value 2017-2020 Table 95 LBN Brand Shares of Men's Razors and Blades: % Value 2017-2020 Table 96 Forecast Sales of Men's Grooming by Category: Value 2020-2025 Table 97 Forecast Sales of Men's Grooming by Category: % Value Growth 2020-2025

ORAL CARE IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Use of face masks pushes South Korean consumers to keep their breath fresh

Premiumisation takes root in toothbrushes and toothpastes as consumers upgrade their oral care

Pharmaceutical players gain importance in oral care

RECOVERY AND OPPORTUNITIES

Face masks will continue to boost oral care in the short term

Subscription services are on the rise as consumers seek convenience

The zero waste movement looks set to gain traction as consumers seek to offset their impact on the environment

CATEGORY DATA

Table 98 Sales of Oral Care by Category: Value 2015-2020 Table 99 Sales of Oral Care by Category: % Value Growth 2015-2020 Table 100 Sales of Toothbrushes by Category: Value 2015-2020 Table 101 Sales of Toothbrushes by Category: % Value Growth 2015-2020 Table 102 Sales of Toothpaste by Type: % Value Breakdown 2016-2020 Table 103 NBO Company Shares of Oral Care: % Value 2016-2020 Table 104 LBN Brand Shares of Oral Care: % Value 2017-2020 Table 105 LBN Brand Shares of Mouthwashes/Dental Rinses: % Value 2017-2020 Table 106 LBN Brand Shares of Toothpaste: % Value 2017-2020 Table 107 Forecast Sales of Oral Care by Category: Value 2020-2025 Table 108 Forecast Sales of Oral Care by Category: % Value Growth 2020-2025 Table 109 Forecast Sales of Toothbrushes by Category: Value 2020-2025 Table 110 Forecast Sales of Toothbrushes by Category: % Value Growth 2020-2025

SKIN CARE IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Self-care takes off as consumers look for soothing products to treat maskne problems

COVID-19 drives polarisation of skin care sales

Distribution diversifies as consumers adopt new consumption habits

RECOVERY AND OPPORTUNITIES

Clean beauty trend to make its mark in skin care as new certifications support growth

Nutrition health trends emerge in skin care as consumers look to protect their immunity

Customisation is on the rise as consumers look for more personalised products

CATEGORY DATA

Table 111 Sales of Skin Care by Category: Value 2015-2020 Table 112 Sales of Skin Care by Category: % Value Growth 2015-2020 Table 113 NBO Company Shares of Skin Care: % Value 2016-2020 Table 114 LBN Brand Shares of Skin Care: % Value 2017-2020 Table 115 LBN Brand Shares of Basic Moisturisers: % Value 2017-2020 Table 116 LBN Brand Shares of Anti-agers: % Value 2017-2020 Table 117 LBN Brand Shares of Firming/Anti-cellulite Body Care: % Value 2017-2020 Table 118 LBN Brand Shares of General Purpose Body Care: % Value 2017-2020 Table 119 LBN Brand Shares of Premium Skin Care: % Value 2017-2020 Table 120 Forecast Sales of Skin Care by Category: Value 2020-2025 Table 121 Forecast Sales of Skin Care by Category: % Value Growth 2020-2025

SUN CARE IN SOUTH KOREA

KEY DATA FINDINGS

2020 IMPACT

Category hit hard by COVID-19 as hygiene and safety guidelines reduce the need for sun care

Skip care trend reduces sun care usage but supports growth for multifunctional products

Innovative and anti-aging sun care products are on the rise as customers seek more sophisticated products

RECOVERY AND OPPORTUNITIES

Sun care sets off on a gradual road to recovery as skip care continues to shape consumption

Vegan sun care is on the rise

Product innovation and development to focus on value added features

CATEGORY DATA

Table 122 Sales of Sun Care by Category: Value 2015-2020 Table 123 Sales of Sun Care by Category: % Value Growth 2015-2020 Table 124 NBO Company Shares of Sun Care: % Value 2016-2020 Table 125 LBN Brand Shares of Sun Care: % Value 2017-2020 Table 126 LBN Brand Shares of Premium Adult Sun Care: % Value 2017-2020 Table 127 Forecast Sales of Sun Care by Category: Value 2020-2025 Table 128 Forecast Sales of Sun Care by Category: % Value Growth 2020-2025