Asia-pacific K-beauty Products Market Forecast 2022-2030

Asia-pacific K-beauty Products Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific K-beauty products market is projected to record a CAGR of 9.49% over the forecasting period of 2022 to 2030. The market growth of the region is mainly facilitated by the surging inclination towards products formulated using natural and organic ingredients, the increased demand for beauty products manufactured without synthetic components, and the aspiration for quality and sophistication in makeup and skincare especially among the middle-class population.

MARKET INSIGHTS

The Asia-Pacific K-beauty products market growth analysis includes the evaluation of South Korea, Vietnam, Australia & New Zealand, Thailand, China, Singapore, India, Japan, and Rest of Asia-Pacific. In India, the increasing demand for convenience, as well as product availability, has compelled businesses to have an online presence. Moreover, a significant surge in e-commerce sales is expected to continue accelerating in the country within the post-pandemic world. In addition, the increasing awareness of beauty products, the rising focus on personal grooming, transitioning consumption patterns, as well as the perpetual course towards sustainability are primarily responsible for high consciousness among consumers. Hence, with the surge in awareness and accessibility, customers now choose natural and organic products suitable for Indian skin types.

In Singapore, people are keen on investing in their appearance. As a result, mass skincare, premium products, and color cosmetics rank foremost among their purchases, with Japanese, French, and American brands leading the preferences. Their reputation as market leaders within the cosmetic industry plays a vital role in defining the inclination. Furthermore, K-beauty products are gradually capturing a significant market share in the country over recent years. Hence, these factors are set to influence the Asia-Pacific K-beauty products market growth.

COMPETITIVE INSIGHTS

Some of the key companies operating in the market are Adwin Kore Corporation, Ceragem Malaysia SDN BHD, Able C&C Co Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments