Market Insights Consumer Beauty & Personal Care Personal Care

Shaving - South Korea

South Korea

In South Korea, the revenue in the Shaving market for 2024 amounts to US$301.10m.
According to projections, the market is expected to grow annually by 0.95% (CAGR 2024-2029).
When comparing globally, in China generates the highest revenue in the Shaving market, with US$6,378m in 2024.
In terms of per person revenues, in South Korea generates US$5.82 in 2024.
South Korea's shaving market is experiencing a surge in demand for innovative grooming products tailored to men's skincare needs.

Key regions: Canada, Indonesia, United States, United Kingdom, Singapore

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.