Skin care products from South Korea, known for their innovative and advanced formulations, will continue to have a growing market. They are expected to reach $9.06 billion by the end of 2024 and have an annual growth rate of 2.29 percent until 2028, according to Statista. Driving this steady increase is the popularity of anti-aging solutions, which are highly sought-after in major markets.
A sizeable segment in the market in South Korea is functional skin care, which includes anti-aging products. It accounted for 53 percent of total domestic skin care market in 2023, according to Kantar Worldpanel.
Initially, domestic cosmetics production faced challenges in 2022 due to reduced exports to China. But thanks to strong performance in other markets, in particular, North America, Europe and Japan, the cosmetics industry has recovered.
Globally, skin care products are projected to represent 34 percent of the overall beauty market, and their size will hit $180 billion by 2025, according to WGSN. This upward trend began during the pandemic, when consumers shifted to at-home skin care routines.
Whitening, anti-aging benefits
Company: Aju Cosmetic Co. Ltd
The 24K Gold Peptide Ampoule 100mL from Aju is a skin care product with whitening and anti-aging benefits. It is suitable for all skin types. This ampoule contains niacinamide, a water-soluble vitamin B complex approved by South Korea’s Ministry of Food and Drug Safety. It is enriched with adenosine. The gold ingredient contributes to smooth and shiny skin while the nine peptide components help hydrate and revitalize skin.
MOQ: 10 pieces
Lead time: 20 days
EWG green-grade ingredients
Company: La'Piellabs Co. Ltd
La'Piellabs offers the Aqua De Lucir Signature Ampoule, which contains adenosine that helps reduce wrinkles and blue-green algae or AFA that helps fight skin damage and hydrates it. For all skin types, this product is based on EWG green-grade ingredients and is hypoallergenic and cruelty-free, having no fragrance, colorant, sulfates and animal-derived components.
MOQ: 126 pieces
Lead time: 7 to 14 days
Helps eliminate, suppress aging cells
Company: Lono Inc.
The Lono Cheonnyeonhong Serum from Lono Inc. is an advanced cellular aging solution for individuals 30 years old and above. It contains substances known as senolytics or senomorphics, which help eliminate or suppress aging cells.
MOQ: 120 pieces
Lead time: 30 days
Removes dead skin cells overnight
Company: Starluxe Corp.
Starluxe’s Expert Collagen Ampoule Mask is formulated to remove dead skin cells and nourish skin overnight with 10 percent collagen and 6 percent acid. It includes peptides and elastin for helping achieve added skin radiance. This 30mL essence-type product, with whitening and wrinkle-reducing effects, does not have the stickiness in typical sleeping masks. It has a lavender scent to promote restful sleep and contains no artificial color additives.
MOQ: 100 pieces
Lead time: 14 days
All-in-one skin care
Company: Starluxe Corp.
Starluxe’s Expert Glutathione Collagen Cream is a skin care product, with glutathione and pure vitamin C for brightening and niacinamide for reducing UV spots and blemishes. It also has collagen and peptide for helping achieve a firm and elastic skin, adenosine for wrinkle care and hyaluronic acid for hydration. This 100mL cream is said to improve hyperpigmentation by 101.41 percent, skin elasticity by 102.04 percent and surface skin elasticity by 110.47 percent. It contains no artificial color additives.
MOQ: 100 pieces
Lead time: 14 days
