South Korea Hair Care Market Size, Opportunities | 2031

Segments - South Korea Hair Care Market by Product Types (Shampoo, Conditioner, Hair Spray, Serum, and Others), and Distribution Channels (Supermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Debadatta Patel

Fact-checked by : PARTHA PAUL

Editor : Shruti Bhat

Report Description

The South Korea Hair Care market size was USD 1.23 Billion in 2022 and is likely to reach USD 1.47 Billion by 2031, expanding at a CAGR of 2% during 2023–2031. The growth of the market is attributed to the growing awareness of the benefits of natural hair care products and women in country prefer a variety of hair care products, alternative to chemical treatments.

Hair care refers to the grooming and cosmetology of hair that develops from the scalp. Hair care techniques vary depending on the individual's culture and the physical characteristics of their hair. Shampoo, hair color, conditioner, hair styling products, and hair oil are just a few of the hair care products available. Hair care relates to the sanitary and cosmetic treatment of hair to maintain it healthy, clean, and stylish. Various treatments and products are used to treat hair on the scalp, facial hair, and hair on other parts of the body.

Hair is exposed to a variety of procedures in order to preserve its health, including cutting, plucking, waxing, and coloring. These treatments are used on hair depending on the kind of hair, the consumer's demands, and, of course, current fashion trends. Hair care items include hair spray, hair oil, conditioner, and shampoo. Hair gel, hair serum, hair mask, hair color, and a variety of additional products are also available. The hair care business has changed dramatically in the previous decade, with the advent of new hair styles, hair regeneration, and hair colorant treatments.

South Korea Hair Care Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for organic and natural hair care products with rising disposable income is expected to boost the market during the forecast period.
Growing hair related problems like hair greying is major factors fueling the market.
Growing urbanization and increasing young age population is likely to create demand for hair styling products during forecast period.
Rising incidence of allergic reactions due to hair care products present as key challenges that can hamper the market growth during the forecast period.
R&D investment and development of ethic products and natural hair styling products is expected to create immense opportunities for the market players.

Scope of South Korea Hair Care Market Report

The report on the South Korea hair care market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	South Korea Hair Care Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Product Types (Shampoo, Conditioner, Hair Spray, Serum, and Others), and Distribution Channels (Supermarkets, Convenience Stores, Drug Stores, Specialty Stores, Online Retail Stores, and Others)
Geography	South Korea
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Aekyung Industry Co. Ltd; Tony Moly; Amorepacific Corp; Nature Republic Inc.; and LG Household & Healthcare Ltd.

South Korea Hair Care Market Segment Insights

The shampoo segment is projected to represent a major market share

Based on product types, the South Korea hair care market is divided into shampoo, conditioner, hair spray, serum, and others. The shampoo segment is expected to represent a key share of the market during the forecast period owing to variety of hair-strengthening substances, such as vitamins, plant extracts, minerals, oils, and other substances that stimulate the growth of scalp hair follicles.

Consumers are increasingly aware of the damage caused by irritating chemicals such as sulfates and parabens, which are commonly used in hair care products. In addition, shampoos with functional advantages such as anti-fouling, hair growth, non-dandruff, and organic certified shampoos are becoming popular in the market and occupy most of the retail shelf space.

South Korea Hair Care Market Product Types

The supermarkets segment is expected to grow at a significant pace

On the basis of distribution channel, the market is segregated into supermarkets, convenience stores, drug stores, specialty stores, online retail stores, and others. The supermarket segment is anticipated to hold a key share of the market during the forecast period owing to products having a wide range under one roof. The emergence of a large number of supermarket chains and the changing retail pattern around the world have prepared for increased sales of hair care products in supermarket sales channels. On the other hand, the online retail stores segment is anticipated to expand at a rapid pace during the forecast period due to wide distribution networks and high product availability.

Segments

The South Korea hair care market has been segmented on the basis of

Product Types

Shampoo
Conditioner
Hair Spray
Serum
Others

Distribution Channels

Supermarkets
Convenience Stores
Drug Stores
Specialty Stores
Online Retail Stores
Others

Key Players

Aekyung Industry Co. Ltd
Tony Moly
Amorepacific Corp
Nature Republic Inc.
LG Household & Healthcare Ltd.

Competitive Landscape

Key players competing in the South Korea hair care market include Aekyung Industry Co. Ltd; Tony Moly; Amorepacific Corp; Nature Republic Inc.; and LG Household & Healthcare Ltd.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

South Korea Hair Care Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hair Care Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Hair Care Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Hair Care Market - Supply Chain
  4.5. Global Hair Care Market Forecast
     4.5.1. Hair Care Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Hair Care Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Hair Care Market Absolute $ Opportunity
5. Global Hair Care Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Hair Care Market Size and Volume Forecast by Types
     5.3.1. Shampoo
     5.3.2. Conditioner
     5.3.3. Hair Spray
     5.3.4. Serum
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Hair Care Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Hair Care Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Hair Care Demand Share Forecast, 2019-2026
7. North America Hair Care Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Hair Care Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Hair Care Market Size and Volume Forecast by Types
     7.4.1. Shampoo
     7.4.2. Conditioner
     7.4.3. Hair Spray
     7.4.4. Serum
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Hair Care Demand Share Forecast, 2019-2026
8. Latin America Hair Care Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Hair Care Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Hair Care Market Size and Volume Forecast by Types
     8.4.1. Shampoo
     8.4.2. Conditioner
     8.4.3. Hair Spray
     8.4.4. Serum
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Hair Care Demand Share Forecast, 2019-2026
9. Europe Hair Care Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Hair Care Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Hair Care Market Size and Volume Forecast by Types
     9.4.1. Shampoo
     9.4.2. Conditioner
     9.4.3. Hair Spray
     9.4.4. Serum
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Hair Care Demand Share Forecast, 2019-2026
10. Asia Pacific Hair Care Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Hair Care Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Hair Care Market Size and Volume Forecast by Types
     10.4.1. Shampoo
     10.4.2. Conditioner
     10.4.3. Hair Spray
     10.4.4. Serum
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Hair Care Demand Share Forecast, 2019-2026
11. Middle East & Africa Hair Care Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Hair Care Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Hair Care Market Size and Volume Forecast by Types
     11.4.1. Shampoo
     11.4.2. Conditioner
     11.4.3. Hair Spray
     11.4.4. Serum
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Hair Care Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Hair Care Market: Market Share Analysis
  12.2. Hair Care Distributors and Customers
  12.3. Hair Care Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Aekyung Industry Co. Ltd
     12.4.2. Tony Moly
     12.4.3. Amorepacific Corp
     12.4.4. Nature Republic Inc.
     12.4.5. LG Household & Healthcare Ltd.