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2 clusters · 7 sources · 6 days · First seen 11 days ago · Last updated 6 days ago

Global beauty industry market shifts

Overview

The beauty sector is undergoing structural changes driven by new brand models and shifting regional demands. In South Korea, the K-Beauty industry is seeing record growth led by small indie brands and Original Design Manufacturer (ODM) firms. Major manufacturers like Kolmar Korea and Cosmax have reported record quarterly earnings as global demand shifts toward the US and Japan, reducing reliance on the Chinese market.

Simultaneously, the Indian beauty market is experiencing a surge in revenue for new-age, science-based brands. Companies such as Dot & Key, Foxtale, and Innovist have reported significant sales increases by utilizing influencer-led marketing and focusing on specific consumer needs. This growth in newer competitors has led to stagnation for older direct-to-consumer brands that have struggled to maintain innovation.

Entities

SUGAR Cosmetics · Kolmar Korea · Sang-hyun Yoon · Dot & Key · Foxtale

Timeline

6 days ago

[BUSINESS] 2 sources
New-age beauty brands see revenue surge in India
New-age beauty brands in India are seeing massive revenue growth through science-based products and social media marketing, while established brands face stagnation.
11 days ago

[BUSINESS] 5 sources
K-Beauty industry sees record growth driven by indie brands and ODM firms
K-Beauty is seeing record growth as indie brands and ODM manufacturers like Kolmar and Cosmax expand globally, supported by new Amazon initiatives to boost international sales.

Sources

aajtak.com · biotimes.co.kr · biz.heraldcorp.com · m.imaeil.com · socialvalue.kr · tv9hindi.com · zdnet.co.kr