The South Korea perfume market is projected to expand from USD 906.2 million in 2023 to USD 1,344.8 million by 2029, achieving a compound annual growth rate (CAGR) of 6.8% during the period from 2024 to 2029. South Korea’s perfume market is seeing strong growth, largely driven by the increasing influence of K-beauty trends and the country’s growing middle class. Younger consumers, particularly millennials and Gen Z, are more inclined to invest in luxury and niche fragrances as part of their personal grooming routines. Additionally, the expansion of e-commerce and beauty retailers is enhancing the accessibility of both international and local perfume brands, further driving the market’s development.
This report presents a detailed overview of the South Korea perfume industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, price range, packaging and distribution channel. This detailed analysis supports the identification of growth opportunities within the perfume industry.
Market Segmentation
The South Korea perfume market is structured as follows:
Product type: men’s perfume, women’s perfume, unisex perfume
Price range: mass, premium
Packaging: glass bottles, plastic bottles, others (crystal, metal, etc.)
Distribution channel: supermarkets and hypermarkets, department stores, health and beauty stores, e-commerce, others
In South Korea, the perfume market is segmented by product type, price range, packaging and distribution channel. By product type, it includes men’s perfume, women’s perfume, and unisex perfume. Price range segments encompass mass, and premium. Packaging segments consist of glass bottles, plastic bottles, and others (crystal, metal, etc.). Distribution channel segmentation includes supermarkets and hypermarkets, department stores, health and beauty stores, e-commerce, and others.
Competitive Landscape
The competitive landscape of the perfume industry has been thoroughly analyzed, highlighting key players such as VF Corporation, The Estee Lauder Companies Inc., Revlon Inc., PUIG SL, Natura & Co, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Lush Retail Ltd., L’Oreal S.A., L’Occitane International S.A., LG Household & Health Care Ltd., Inter Parfums Inc., Hermes International SCA, Diptyque SA, Coty Inc., Chanel S.A. and Amorepacific Corporation.
The report provides a detailed assessment of prominent companies within the perfume market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea perfume market.
Gain in-depth analysis and forecasts for the key segments of the South Korea perfume market: product type, price range, packaging and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea perfume market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea perfume market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea Perfume Market – Product Type Analysis
South Korea Perfume Market – Price Range Analysis
South Korea Perfume Market – Packaging Analysis
South Korea Perfume Market – Distribution Channel Analysis
Key Players and Market Share
– VF Corporation
– The Estee Lauder Companies Inc.
– Revlon, Inc.
– PUIG SL
– Natura & Co
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Lush Retail Ltd.
– L’Oreal S.A.
– L’Occitane International S.A.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Perfume Market 2019-2029
Chart South Korea Perfume Market, Net Growth, 2019-2029
Chart South Korea Perfume Market, Growth Rates, 2019-2029
Table South Korea Perfume Market by Product Type, 2019-2029
Chart South Korea Perfume Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Korea Perfume Market by Product Type, 2019-2029
Table South Korea Perfume Market by Price Range, 2019-2029
Chart South Korea Perfume Market by Price Range, CAGR Historic and Forecast, 2019-2029
Chart South Korea Perfume Market by Price Range, 2019-2029
Table South Korea Perfume Market by Packaging, 2019-2029
Chart South Korea Perfume Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart South Korea Perfume Market by Packaging, 2019-2029
Table South Korea Perfume Market by Distribution Channel, 2019-2029
Chart South Korea Perfume Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Perfume Market by Distribution Channel, 2019-2029
Table South Korea Perfume Market Share (%), by Companies, 2019-2023
Chart South Korea Perfume Market, by Companies, 2023
Table South Korea Perfume Market Share (%), by Brands, 2019-2023
Chart South Korea Perfume Market, by Brands, 2023
Table South Korea – Population (Millions) and Forecast
Table South Korea – Consumer Price Index (CPI) and Forecast
Table South Korea – Gross Domestic Product and Forecast
Table South Korea Perfume Market: Spend as a Proportion of GDP (%)
Table South Korea Perfume Market: Consumption per Capita (Population)
Companies Mentioned
VF Corporation
The Estee Lauder Companies Inc.
Revlon, Inc.
PUIG SL
Natura & Co
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lush Retail Ltd.
L’Oreal S.A.
L’Occitane International S.A.
LG Household & Health Care, Ltd.
Inter Parfums, Inc.
Hermes International SCA
Diptyque SA
Coty Inc.
Chanel S.A.
Amorepacific Corporation