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South Korea's Beauty And Personal Care Markets Post Strong Growth In 2014

October 23, 2014: 12:00 AM EST
South Korea's beauty and personal care markets grew 5.8 percent in 2014, compared with the previous year, according to market research firm Mintel. After growing 30 percent year-on-year in 2012, the country's hair colorants market is forecast to grow 20 percent in 2013 and 2014. South Korea accounts for 10 percent of foam-type hair colorants launched in 2012 to 2014, data revealed. The country's fragrance market is also booming, serving as the “test ground” for entry into the rest of Asia, with Karl Lagerfield launching his latest signature fragrance brand in the country after launching in the United States and Europe.
"Three Steps Ahead: The South Korean Beauty Market", Mintel , October 23, 2014, © Mintel Group Ltd.
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