Korean Beauty: Not Just Skin Deep
K-Beauty: Top Trends You Need to Know
Beauty industry insiders have looked to the East for beauty innovations to apply to Western markets for years. K-beauty has taken off directly with global consumers driving new retail businesses and blockbuster products like BB Cream.
Korea ranks #10 of 47 nations in market share within the international beauty industry, according to Datamonitor. The term “Korean Beauty” has shown significant growth globally in social actions +500% and +22% in search volume to last year, both strong indicators of a growing trend. As a comparison, the term “beauty” increased only 4% to LY. “Korean Beauty” also outpaced “Japanese Beauty” and “Chinese Beauty” in search volume, previously other leaders of Asian beauty trends and innovation.
Korean Beauty, synonymous with a focus on flawless, radiant skin and extensive skin care regimens has been perfecting the art of skincare techniques since 700 BCE. Mainstream products such as BB cream, cushions, sleeping masks, and snail creams originated in Korea. K Beauty products aren’t just a focus in Asia, but are gaining popularity within the mainstream beauty industry globally. Consumers are looking to K-Beauty for its’ emphasis on natural ingredients, Innovative cosmetics, “Sleeping Beauty” and Modisumer products, just some of the characteristics currently trending in K-Beauty.
“You are what you eat. Healthy skin starts with food." This tagline from Innisfree sums up the ideology held by Korean women on why natural ingredients are so important in skin care products. DIY products like soaps have become more common because consumers know exactly what ingredients they are using on their skin; transparency of ingredients is extremely important.
Unrelated to the Disney character, “Sleeping Beauty” in this case refers to beauty products worn overnight. Products range from moisturizing or anti-aging creams, to facial masks, eye patches, and sleeping packs. The importance of using these products overnight is to hydrate and brighten the face. What better way to hydrate than to do it in style! Perhaps a lace “eye patch” or Tiger printed Mask Sheet?
As technologies advance, cosmetic applications and techniques also evolve. Histolab produces cosmetics to use after plastic surgery and dermatology procedures, capitalizing on Korea’s penchant for plastic surgery. Another new concept are kits designed specifically for special days and events like summer vacation and year-end parties. Glass nails, a manicure technique is getting social media buzz from magazines and celebrities.
"Modisumer" is a term that combines the terms “modify” and “consumer” and refers to products that may have one intended use, but consumers have found additional uses for these same products. One example is “No-Sebum Powder” from Innisfree originally designed to reduce oil and set makeup on the face. However, this powder has become even more popular with Korean women as a way to remove oil from their bangs or as a “dry shampoo”.
1. WHICH BRANDS are driving engagement?
Of the Korean brands that Trendalytics monitored, Etude House, Missha and Innisfree ranked top 3 in social engagement driving almost 50% of the total social actions across 30 brands. The trends in content helping to drive their high engagement were a focus on “feminine” and “cute” products and packaging, famous celebrities, promotions, and branded campaigns.
Although Laneige has the largest fan count (1.1million fans) and Amore Pacific is one of the brands with the largest market penetration, they are not among the K-beauty brands with the highest social engagement. Their social posts feature content with a more sophisticated and prestige image, not necessarily aligned with the social content strategies of their competitors.
2. WHICH INFLUENCERS are creating buzz?
Of the influencers Trendalytics monitored, 68% of total social engagement for “Korean Beauty”, was driven by the top 10 influencers. Over 50% of total social engagement was driven by retailers such as Aritaum, Sephora, YesStyle, Peach and Lily, and Soko Glam.
3. WHICH RETAILERS are embracing the trend?
Rapidly expanding, K-Beauty is a trend gaining a lot of traction across global brands and retail channels. Highly regarded in the international beauty industry, Sephora, a beauty retailer has introduced a section on their website specific to K-Beauty. Subscription box brand Memebox is focused solely on providing curated, innovative K-Beauty products to their members. Soko Glam, an online retailer based in the US, curates the best selection of Korean makeup and skincare and guides you through skin care routines, the latest innovations and trends. Beauty brand Peach & Lily, known to bring the best and most innovative beauty products from Asia, just opened a shop-in shop in Macy’s, solidifying that this trend has hit mainstream popularity in the global market.
Peach & Lily, previously just an online Korean Beauty retailer, just recently opened their first brick and mortar store at Macy’s in Flushing, NY. According to Alicia Yoon, Founder, Peach & Lily “Our store is part-retail, part-skin-coaching, part-beauty-discovery, and part-beauty-playground, but mostly it’s where skin can be powerfully transformed.” A shop-in-shop at Macy’s is an example of an increase in demand for Korean Beauty products and signifies how this trend has gained traction on a global level.
According to our friends at Soko Glam, “The skincare industry is looking at the Korean beauty market as their source for the latest innovations; making similar products and even marketing their own non-Korean products with a Korean skincare routine in mind. This is because there is a lot more education about skin in Korea and there are many product categories that don't exist in the West. The majority of our customers are actually non-Asian, trying out Korean beauty for the first time. Sheet masks, essences and snail creams sell extremely well because they are completely new product categories in the West.”
Merchandising & Marketing Departments Next Steps :
•Opportunity for global brands to enhance existing assortments with products, ingredients, or techniques popular within K-Beauty
•Consider promoting the transparency of ingredients, especially those with natural ingredients which are often sought-after
•For social media and marketing campaigns, feature content that appeals to this customer; girly or feminine imagery, natural products, cute packaging, or branded interactive campaigns
•Consider Korean “Power Bloggers” and brand ambassadors for partnerships or social media and marketing campaigns
•Many of the popular K-Beauty brands are positioned at affordable price points. Opportunity for global mass market beauty brands to leverage the “cute” and “fun” packaging designs and products popularized in K-Beauty
•Potential for retailers to add K-beauty brands to their vendor matrix based on those that are highly engaging consumers on social media
•Opportunity in SEO/SEM to utilize different terminology that speaks to different consumers globally