South Korea Luxury Hair Care Market Size & Outlook
South Korea luxury hair care market, 2018-2030 (US$M)
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South Korea luxury hair care market highlights
- The South Korea luxury hair care market generated a revenue of USD 446.6 million in 2023 and is expected to reach USD 1,037.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, shampoos was the largest revenue generating product in 2023.
- Hair Coloring Products is the most lucrative product segment registering the fastest growth during the forecast period.
Luxury hair care market data book summary
| Market revenue in 2023 | USD 446.6 million |
| Market revenue in 2030 | USD 1,037.1 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Shampoos |
| Fastest growing segment | Hair Coloring Products |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shampoos, Conditioners, Hair Coloring Products, Hair Styling Products, Hair Oil |
| Key market players worldwide | L'Oreal SA, The Estee Lauder Companies Inc Class A, Kaneka Corp, Kao Corp, KOSE Corp, Seven Haircare, Alcora Corporation, Jose Eber Hair, Philip Kingsley, Kevin Murphy |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global luxury hair care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China luxury hair care market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,037.1 million by 2030.
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Luxury Hair Care Market Scope
Luxury Hair Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea luxury hair care market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury hair care market will help companies and investors design strategic landscapes.
Shampoos was the largest segment with a revenue share of 32.76% in 2023. Horizon Databook has segmented the South Korea luxury hair care market based on shampoos, conditioners, hair coloring products, hair styling products, hair oil covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea has emerged as a global leader in the beauty industry. South Korea's influence extends to the luxury hair care market through cutting-edge innovations. Renowned for advancements in skin care and cosmetic procedures, the country seamlessly integrates these innovations into hair care.
The emphasis on holistic beauty and a commitment to excellence in formulations contribute to South Korea's role in driving the luxury hair care market, setting trends, and fostering consumer interest in premium products.
Several consumers in the country have a hair care routine that involves using a hair mask, conditioner, and shampoo, with a special emphasis on head massages. Consumers in South Korea prioritize personal care and beauty and adhere to this routine by using products from high-end brands.
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Target buyers of South Korea luxury hair care market databook
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Our clientele includes a mix of luxury hair care market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea luxury hair care market , including forecasts for subscribers. This country databook contains high-level insights into South Korea luxury hair care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea luxury hair care market size, by product, 2018-2030 (US$M)
South Korea Luxury Hair Care Market Outlook Share, 2023 & 2030 (US$M)
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