Company News

Skin Care Drives South Korean Beauty Market

Author Image

By: TOM BRANNA

Editor

Mintel research reveals that South Korea is among the top 10 global beauty markets, estimated at just over $13 billion in 2017. Facial skin care accounts for more than half (51%) of the total market share with $6.5 billion in retail sales and a projected 5.8% CAGR over the next five years to reach $7.2 billion by 2020. Much of the success of the facial skin care category is, in part, due to the abundance of new product development and the fact that more than two-thirds (68%) of total skin c...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters