Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Cosmetics - South Korea

South Korea

In 2024, the revenue in the Prestige Cosmetics market in South Korea amounts to US$449.20m.
Looking ahead, the market is projected to experience an annual growth rate of 5.68% (CAGR 2024-2028).
It is worth noting that in the United States generates the highest revenue in the global comparison, reaching US$5,284m in 2024.
When considering the population figures, the per person revenues in South Korea for 2024 stand at US$8.68.
South Korea's obsession with skincare has driven the demand for high-end cosmetics, making the prestige cosmetics market booming.

Key regions: Italy, Russia, United Kingdom, France, South Korea

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The Prestige Cosmetics market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Prestige Cosmetics industry.