South Korea Skin Care Supplements Market Size & Outlook
South Korea skin care supplements market, 2018-2030 (US$M)
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South Korea skin care supplements market highlights
- The South Korea skin care supplements market generated a revenue of USD 170.1 million in 2023 and is expected to reach USD 335.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, oral supplements was the largest revenue generating product in 2023.
- Topical Supplements is the most lucrative product segment registering the fastest growth during the forecast period.
Skin care supplements market data book summary
| Market revenue in 2023 | USD 170.1 million |
| Market revenue in 2030 | USD 335.0 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Oral supplements |
| Fastest growing segment | Topical Supplements |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral Supplements, Topical Supplements |
| Key market players worldwide | Alticor Corporate Enterprises, Nestle SA, Meiji Holdings Co Ltd, Unilever PLC, Johnson & Johnson, THG PLC Ordinary Share, Twinlab Consolidated Holdings Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.8% of the global skin care supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China skin care supplements market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 481.1 million by 2030.
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Skin Care Supplements Market Scope
Skin Care Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea skin care supplements 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 skin care supplements market will help companies and investors design strategic landscapes.
Oral supplements was the largest segment with a revenue share of 62.43% in 2023. Horizon Databook has segmented the South Korea skin care supplements market based on oral supplements, topical supplements covering the revenue growth of each sub-segment from 2018 to 2030.
The skin care supplements market in South Korea is expected to witness significant growth over the forecast period. The increasing e-commerce reach & presence of strong local brands, such as Amorepacific and Innisfree, are expected to boost the competition in the market.
Some companies operating in the market offer products according to the skin problem. For instance, Innisfree offers products for skin hydration, brightening, age-defying, dullness, and tired skin, resulting in various choices for consumers.
Moreover, the players operating in the market are introducing products for skin health. For instance, in April 2021, CosmaxBio, a South Korean company, introduced a new product based on Hydrangea serrata leaf extract for skin health.
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Target buyers of South Korea skin care supplements market databook
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Our clientele includes a mix of skin care supplements market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea skin care supplements market , including forecasts for subscribers. This country databook contains high-level insights into South Korea skin care supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea skin care supplements market size, by product, 2018-2030 (US$M)
South Korea Skin Care Supplements Market Outlook Share, 2023 & 2030 (US$M)
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