Abstract
Summary
KEY FINDINGS
The North America K-beauty products market is projected to register a CAGR of 11.04% during the forecast period of 2022 to 2030. Factors such as the inclination towards using products manufactured with unique and natural ingredients, consumers’ high willingness to experiment with new products, and the influence of Korean beauty products by celebrities through social media platforms are mainly accredited to the region’s market growth.
MARKET INSIGHTS
The North America K-beauty products market growth evaluation constitutes the analysis of Canada and the United States. Canada’s cosmetics market generated elevated revenues over recent years and is anticipated to grow to approximately $1.6 billion by 2025. As of 2019, the country harbored over 1,800 cosmetics, perfume, and beauty supplies stores. Moreover, the revenue of facial cosmetics in Canada was highest between 2012 to 2020, among the overall percentage of cosmetic products sold in the country.
As per a survey conducted in 2019, nearly 23% of Canadians stated that they shop for beauty products once a month. During the same study, the majority of participants asserted a frequency of a few times annually in terms of shopping for beauty products. According to their preferences, consumers purchased such products in Shoppers Drug Mart stores or Walmart. However, Safeway was relatively less popular. In 2020, the yearly consumer price index for toiletry items, as well as cosmetics in Canada, accounted for 102.2. As a result, these factors are expected to influence the K-beauty products market in Canada during the forecasted years.
COMPETITIVE INSIGHTS
Some of the key companies operating in the market are Cala Products, BNH Cosmetics LLC, AmorePacific Corporation, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
1 RESEARCH SCOPE & METHODOLOGY
1.1 STUDY OBJECTIVES
1.2 SCOPE OF STUDY
1.3 METHODOLOGY
1.4 ASSUMPTIONS & LIMITATIONS
2 EXECUTIVE SUMMARY
2.1 MARKET SIZE & ESTIMATES
2.2 MARKET OVERVIEW
3 MARKET DYNAMICS
3.1 MARKET SCOPE
3.2 KEY DRIVERS
3.2.1 DEMAND FOR ORGANIC PRODUCTS
3.2.2 CURIOSITY TO TRY INNOVATIVE PRODUCTS
3.2.3 EXTENSIVE RESEARCH AND DEVELOPMENT
3.2.4 BOOM IN E-COMMERCE AND SOCIAL MEDIA
3.3 KEY RESTRAINTS
3.3.1 USE OF ANIMAL PRODUCTS
3.3.2 LESS AWARENESS
4 KEY ANALYTICS
4.1 IMPACT OF COVID-19 ON K-BEAUTY PRODUCTS MARKET
4.2 KEY MARKET TRENDS
4.3 PORTER'S FIVE FORCES ANALYSIS
4.3.1 BUYERS POWER
4.3.2 SUPPLIERS POWER
4.3.3 SUBSTITUTION
4.3.4 NEW ENTRY
4.3.5 INDUSTRY RIVALRY
4.4 OPPORTUNITY MATRIX
4.5 VENDOR LANDSCAPE
5 MARKET BY TYPE
5.1 SHEET MASK
5.2 MOISTURIZER
5.3 CLEANSER
5.4 MAKEUP
5.5 OTHER TYPES
6 MARKET BY DISTRIBUTION CHANNEL
6.1 SPECIALTY & SINGLE BRAND STORE
6.2 SUPERMARKET/ HYPERMARKET
6.3 E-COMMERCE
7 MARKET BY GENDER
7.1 FEMALE K-BEAUTY PRODUCTS
7.2 MALE K-BEAUTY PRODUCTS
8 GEOGRAPHICAL ANALYSIS
8.1 NORTH AMERICA
8.1.1 MARKET SIZE & ESTIMATES
8.1.2 KEY GROWTH ENABLERS
8.1.3 KEY CHALLENGES
8.1.4 KEY PLAYERS
8.1.5 COUNTRY ANALYSIS
- 8.1.5.1 UNITED STATES
- 8.1.5.2 CANADA
9 COMPETITIVE LANDSCAPE
9.1 KEY STRATEGIC DEVELOPMENTS
9.1.1 MERGERS & ACQUISITIONS
9.1.2 PRODUCT LAUNCHES & DEVELOPMENTS
9.1.3 PARTNERSHIPS, CONTRACT/AGREEMENTS & COLLABORATIONS
9.1.4 BUSINESS EXPANSIONS
9.2 COMPANY PROFILES
9.2.1 ABLE C&C CO LTD
9.2.2 ADWIN KOREA CORPORATION
9.2.3 AMOREPACIFIC CORPORATION
9.2.4 ANNIE’S WAY INTERNATIONAL CO LTD
9.2.5 BNH COSMETICS LLC
9.2.6 CALA PRODUCTS
9.2.7 CARVER KOREA CO LTD (UNILEVER GROUP)
9.2.8 CERAGEM MALAYSIA SDN BHD
9.2.9 COSRX INC
9.2.10 LG HOUSEHOLD & HEALTH CARE LTD