South Korea Health and Beauty Retailing Market Summary & Forecasts Comprehensive Overview 2019
The retail market for health and beauty products in South Korea reached KRW16,068 billion in 2014 and is forecast to grow at a CAGR of 6.5% in 20142019, to reach KRW22,043 billion by 2019. Improving economic conditions, urbanization, increasing health consciousness, and a rise in the number of women in the workforce have fueled the growth of the health and beauty category. Consumers continue to be value conscious and retailers are offering multifunctional products at competitive prices.
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