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‘The Second Wave of K-Beauty’ gathers data from Spate, ClearForMe, and Landing International highlighting 6 key impacts of K-Beauty.
October 11, 2024
By: Rachel Klemovitch
Assistant Editor
Korean beauty, otherwise known as K-Beauty has revolutionized skincare since the launch of BB cream in 2011. K-Beauty has served as a powerhouse to the beauty industry around the globe and continues to impact the industry. One of the pioneers of K-Beauty’s first wave, Landing International Founder and CEO Sarah Chung Park, is releasing a new report called “The Second Wave of K-Beauty,” highlighting the current dynamics of the K-Beauty, its impact on North American consumers and growth opportunities for retailers. K-Beauty has captivated consumers with its innovative formulations and emphasis on natural ingredients, attracting consumers (particularly millennials and Gen Z) who prioritize effective, affordable beauty products. According to the report, the global K-Beauty market has grown in recent years. In 2022, it was approximately $91.99 billion, with North America contributing around $3.8 billion. The U.S. market is expected to grow significantly, with forecasts predicting it will surpass $9.9 billion by 2032. Data for the report was gathered from Spate, ClearForMe, and Landing International.
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