Market Insights Consumer Beauty & Personal Care Cosmetics

Natural Cosmetics - South Korea

South Korea

In 2024, the Natural Cosmetics market in South Korea is projected to generate revenue of €205.20m.
It is anticipated that the market will experience an annual growth rate of 3.70% from 2024 to 2029, also known as Compound Annual Growth Rate (CAGR).
When compared to other countries worldwide, in China leads the pack with revenue of €2,876m in 2024.
Taking into account the total population figures, in South Korea is expected to generate per person revenues of €3.97 in 2024.
South Korea is at the forefront of the natural cosmetics market, with its innovative skincare products and emphasis on traditional Korean ingredients.

Key regions: United Kingdom, Indonesia, India, Canada, Worldwide

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Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.