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4 clusters · 18 sources · 21 days · First seen · Last updated

South Korean K-Beauty global expansion and market shifts

Overview

South Korean cosmetics exports hit a record $57.3 billion in the first half of 2024, with the United States remaining the largest market. While exports to China declined, the industry is seeing massive growth in North America and Europe. CJ Olive Young has launched the ‘Olive Young K-Beauty Edit’ in approximately 580 Sephora stores across the U.S., with plans to expand to Canada, the UK, and the Middle East by 2027.

Major corporations are reporting significant regional shifts. LG Household & Health Care’s North American revenue has surpassed its Chinese revenue for the first time, while APR reported a 264.6% surge in North American sales and a 380.3% increase in European sales. Amorepacific also saw a 56.5% rise in Americas revenue, driven by brands like COSRX.

In Brazil, the K-Beauty market is projected to reach $754.8 million by 2032. Local brands are adapting Korean formulas—utilizing ingredients like PDRN, snail mucin, and centella asiatica—to better suit higher phototypes. Online interest in Brazil has spiked, with searches for “shampoo coreano” up 350% year-on-year. Despite this growth, regulatory hurdles remain, as ANVISA registration for certain products can take up to twelve months. Ongoing discussions between Korea’s MFDS and ANVISA aim to streamline these approval pathways.

Growth continues to be fueled by biotech innovations, including salmon-derived PDRN and micro-spicule delivery systems, as South Korean firms transition research into accessible global products.

Entities

Korea Ministry of Food and Drug Safety · Jimmy Lee · Osang Cosmetic · Amorepacific · Sephora

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

Timeline

  1. 7 days ago

    [BUSINESS] 2 sources
    K-beauty companies expand global footprint into US and Europe

    South Korean K-beauty brands are rapidly expanding into North America and Europe, with companies like CJ Olive Young, Amorepacific, and APR reporting significant revenue growth and new retail partnerships.

  2. 12 days ago

    [BUSINESS] 6 sources
    Brazil's K-Beauty market to hit $754 million as brands adapt Korean formulas

    Brazilian brands adapt Korean skincare actives for local skin types, driving a market projected to reach $754 million by 2032, while talks aim to ease ANVISA hurdles after Korean exports rose 86 %.

  3. 19 days ago

    [BUSINESS] 9 sources
    K-Beauty industry growth drives new skincare trends in Brazil and Canada

    South Korea's K‑Beauty sector, now the world's second‑largest cosmetics exporter, is boosting sales in Brazil and Canada with biotech ingredients and preventive skin‑care trends.

  4. 28 days ago

    [BUSINESS] 2 sources
    South Korea's K‑beauty exports reach $57.3 bn record in first half 2024

    K‑beauty exports rose 25% to $57.3 bn in H1 2024, led by record US sales and a 130% jump to the UK, while shipments to China fell 5%.

Sources

almasipatika.hu · altoastral.com.br · biz.heraldcorp.com · bp22.bemparana.com.br · cosmeticinnovation.com.br · dicaappdodia.com · edition.fr · elfolivre.com.br · entretetizei.com.br · festivalteen.com.br · globalcosmeticsnews.com · hollywoodeaqui.com · namidia.com.br · news.heraldcorp.com · oglobo.globo.com · reinoliterariobr.com.br · sateconomy.co.kr · tplmoms.com

This summary has been updated 2 times: see revision history