South Korea's Suncare market is forecast to register strong growth in value as well as volume terms during 2015-2020. The Sun Protection category has the largest volume share and is also projected to witness fastest growth during 2015-2020. Hectic lifestyles of South Korean consumers is resulting in growth in demand for Suncare products that can applied at anytime and in any location. Growing interest in different sports activities will make Sports-specific Suncare products more popular.
-Among the analyzed three Suncare categories, the Sun Protection is the leading value category with 83.0% share by value in the South Korean Suncare market.
-The Flip/Snap Top is the most commonly used closure type, and its usage is forecast to grow at a CAGR of 4.8% in the South Korean Suncare market during 2015-2020.
-Bioforce USA, Australian Gold, and Amorepacific Corporation are the market leaders in the South Korean Suncare market.
-Hypermarkets and Supermarkets is the leading distribution channel in the South Korean Suncare market.
-On-The -Go and Personalization are the major trends that are driving the South Korean Suncare market.
-Increasing trend of m-commerce among the Tech-savvy consumers in South Korea will drive demand for online sales of Suncare products in the country.
Canadean's Consumer and Market Insights report on the Suncare market in South Korea provides insights on high growth categories to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.
What else is contained?
-Market data: Overall market value and volume data with growth analysis for 2010-2020
-Category coverage: Value and growth analysis for After-Sun, Self-Tan, and Sun Protection with inputs on individual segment share within each category and the change in their market share forecast for 2015-2020
-Leading players: Market share of brands from 2012-2015
-Distribution data: Percentage of sales within each category through distribution channels such as Hypermarkets and Supermarkets, Convenience Stores, Health and Beauty Stores and others in 2014
-Packaging data: consumption breakdown for packaging materials and containers in each category, in terms of percentage share of number of units sold. Packaging material data for Rigid Plastics, Flexible Packaging, Rigid Metal and others; container data for: Bottle, Tube, Aerosol and others
-Consumer level trends: Top four consumer trends which influence Suncare products consumption
-Future outlook: Reviews and recommendations on how the market will shape up from 2015-2020
-Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
-Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
-Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
-Access the key and most influential consumer trends driving Suncare products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
-Access to analysis on new products launched in the market
-Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion