Care Products market in South Korea

The South Korean Care Products eCommerce market is predicted to reach US$10,496.0 million by 2024 and accounts for 7.0% of the total eCommerce market in South Korea. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -8.6%, resulting in a projected market volume of US$7,320.8 million by 2028. Within the Care Products market ECDB considers the following three sub-markets: Personal Care, Health Care, and Household Care.

Market development

eCommerce revenue development in the Lipsticks market in South Korea

The South Korean Lipsticks eCommerce market is predicted to reach US$166.3 million by 2024 and accounts for 27.0% of the Decorative Cosmetics eCommerce market in South Korea. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -16.9%, resulting in a projected market volume of US$79.4 million by 2028. The Lipsticks eCommerce market is a sub-market of the Decorative Cosmetics market. Further categories within the Decorative Cosmetics market are: Eye Cosmetics, Make-up, Nail Cosmetics, and Other Decorative Cosmetics.

eCommerce revenue development in the Lipsticks market in South Korea

in million US$

eCommerce revenue growth in the Lipsticks market in South Korea

in %

Net eCommerce revenue split by sub-category

in %
2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 28.3 20.3 41.8 51.4 1.8 43.3 18.7 91.7

Online share

eCommerce online share of the total Lipsticks market in South Korea

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the South Korean Lipsticks retail market, the online share is 60.5% and will increase by an average of 1.2% to 63.4% by 2028.

eCommerce online share of the total Lipsticks market in South Korea

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 9.1% 9.9% 87.1% 16.1% 22.5% 13.2% 80.7% 44.1%

Market definition

Definition of the Lipsticks market within the Care Products market

Market definition: Care Products > Personal Care > Decorative Cosmetics > Lipsticks The category Lipsticks includes the online trade of lipsticks (e.g. liquid lipsticks, matte lipsticks, glossy lipsticks), lip gloss, lip balms, and more. This category does not cover medical lip care. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Lipsticks (e.g. liquid lipsticks, matte lipsticks, glossy lipsticks)
  • Lip gloss
  • Lip balms
  • Lipliners

Out-of-scope

  • Medical lip care