The global anti-acne cosmetics market is estimated to grow at a CAGR of nearly 8.0% during the forecast period. The major factors contributing to the growth of the market include the growth in the cosmetics industry and increasing preference towards organic and natural skincare products. There is an increasing demand for cosmetic products owing to the rising disposable income and increasing consumer awareness regarding major cosmetic brands. As per the International Trade Administration (ITA), South Korea is the 8th largest cosmetics market across the globe, which represents approximately 3.0% of the global market. In 2017, South Korea cosmetics market was stood at nearly $8.8 billion and the total exports and total local production increased by nearly 18.3% and 3.6%, respectively from 2016.
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Online distribution channels are becoming popular among South Korean consumers to buy cosmetic products. The country has a considerable smartphone ownership rate/ broadband penetration rate and the fastest average internet speed. Sales through mobile shopping have increased considerably in the recent period. As per the Korean National Statistical Office, online shopping market transactions increased 19.2% year-on-year to $68 million in 2017. Among these, mobile shopping transactions valued $42 billion, increased 35% from 2016, accounting for 61% of total online shopping.
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Global Anti-Acne Cosmetics Market Segmentation
Creams and Lotions
Cleanser and Toner
By Distribution Channel
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Ancalima Lifesciences Ltd.
Clinique Laboratories, LLC
Crown Laboratories, Inc.
Himalaya Global Holdings Ltd.
Johnson & Johnson Services, Inc.
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