Rising Product Innovation Fuels Global K-Beauty Products Market Growth According to Inkwood Research, the Global K-Beauty Products Market is expected to record a CAGR of 9.71% in terms of revenue over the forecasting period of 2023-2032.
K-beauty products, also known as Korean beauty, refers to the South Korean skincare industry and its associated fashions. K-beauty products have gained global attention due to their innovative formulas, distinctive packaging, and emphasis on skin health. Moreover, green tea, rice water, and ginseng are prominent K-beauty ingredients. REQUEST FREE SAMPLE Innovations & Strategic Investments to Drive Global Market Growth The market for K-beauty products has grown and developed rapidly due to research, innovation, and technical advancement. New production technologies developed through R&D, like separation and refining, have helped boost the sector into the future. With these developments, Korea now has enhanced equipment and production facilities. In terms of innovation, the skincare market in Korea is 7 years ahead of its competitors globally. Male K-Beauty: Highest Revenue Generating Segment in 2022