K-beauty continues to dominate beauty market in 2019

Published: 8-Jan-2019
Finance

International beauty players keen to take advantage of engaged and sophisticated consumer

Korean beauty will continue its march on the global beauty industry in 2019 as more international and domestic brands flood the market.

According to Mintel. K-beauty exports have grown from $1bn to $2.64bn, with a South Korean per capita spend of $45, well ahead of UK and US consumers ($43 and $37 respectively).

Homegrown k-beauty brands are also now facing greater competition from global luxury players who have identified key opportunities in the region and are targeting consumers with new beauty launches.

Like this story? For the latest in beauty trends, product launches and retail strategy, subscribe to Pure Beauty Magazine. For more information click here

  • Companies:
  • Mintel International Group
See more

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics

A fairytale story: Why premium beauty is having a crowning moment

Read more
Appetite for beauty has not been hampered by the rise in energy costs or inflation. But even more surprisingly, the premium category is positively peppy. Here, Cosmetics Business takes a closer look at the sector’s success

Trending Articles

  1. Helen of Troy buys nail brand Olive & June for $225 million The brand owner will build on Olive & June’s consumer perception strength and help expand its availability
  2. The Ordinary co-founder Nicola Kilner to cede Deciem CEO role Kilner will step down as CEO at the end of the year, but will remain as co-founder and continue to be involved
  3. e.l.f. Beauty hits back at ‘unsubstantiated’ short seller report A 48-page report issued by Muddy Waters has alleged that the US beauty giant had “inflated” its revenue and profits
  4. Space NK full-year sales jump as Gen Z shoppers drive sales The UK retailer is also expanding its portfolio with ten additional stores, which has already seen a store open in Sheffield
  5. THG CEO Matthew Moulding mulling sale of company’s £250 million headquarters A real estate investor is alleged to be eyeing up the British beauty and fashion retail group’s Icon Business Park site in Manchester

Upcoming event

Cosmoprof India 2024

5-7 December 2024 | Mumbai, India See all

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics

A fairytale story: Why premium beauty is having a crowning moment

Appetite for beauty has not been hampered by the rise in energy costs or inflation. But even more surprisingly, the premium category is positively peppy. Here, Cosmetics Business takes a closer look at the sector’s success
Packaging

One year on: How Covid-19 shaped beauty

One year on since the first case of Covid-19 was detected in the UK, Cosmetics Business looks back at the year that shaped the beauty industry like no other
Packaging

The hygiene packaging solutions having a moment in 2020

Gesture-controlled screens, digital scent tools and peel-off samples have become more ubiquitous since the outbreak of Covid-19, but their common denominator? They have all been developed in the name of hygiene as consumer behaviours shift during the pandemic. Here, Cosmetics Business discovers the hygiene packaging alternatives having a moment in 2020
You need to be a subscriber to read this article.
Click here to find out more.
Finance

Covid-19: What will the beauty industry look like post-virus?

As stores close and strategies shift online, cosmetics companies are re-evaluating their performance and contribution to wider society. But what does the industry’s future look like post-coronavirus?
Finance

A jolly Christmas forecast for UK retailers with sales to hit £48.7bn

A post-payday Black Friday and the lure of the festive in-store experience is predicted to contribute to the 3.8% growth on December 2018
You need to be a subscriber to read this article.
Click here to find out more.
Finance

China enjoys a boom in baby personal care market

Market has grown by 19% in the last five years, thanks in part to the relaxation of the one-child policy
You need to be a subscriber to read this article.
Click here to find out more.
Finance

Hand hygiene among young British men the lowest in the country

More brands and education needed to address this group according to researcher
Subscribe now