Korea is witnessing a small but growing interest in the Black Beauty Market, with a projected CAGR of 11.2%. The country’s dominance in skincare innovation serves as a driver, with Black consumers increasingly seeking K-beauty products tailored to their unique needs. A challenge, however, is the limited availability of inclusive shade ranges and curl-friendly haircare products. The opportunity lies in collaborative product development between K-beauty labs and Black entrepreneurs. An emerging trend is the blending of fermented ingredients and lightweight textures with richer, deeper hydration levels that better suit melanin-rich skin, especially in humid climates.
TABLE - Korea Black Beauty Market Size & Forecast By Product Type 2021-2033
Product Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Haircare | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Skincare | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Cosmetics | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Grooming Tools | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Beauty Services | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis