THAILAND
GDP PER CAPITA thoussand
From 2018 to 2022, Thailand's GDP per capita experienced some fluctuations. In 2018,
the country's GDP per capita was approximately $7,200. It then increased to around
$7,816 in 2019. However, in 2020, Thailand faced significant economic challenges due to
the COVID-19 pandemic. Consequently, the GDP per capita declined to an estimated
$7.0 in 2020. The Thailand's GDP per capita in 2021 is approximately $7,061. This result
shows the strong recovery economy after a decline in 2020 due to the impact of the
Covid-19 pandemic. Thailand's GDP per capita in 2022 was decline to approximately
$6.909 according to the World Bank. Thailand's economy will grow 2.6% in 2022, below
modest expectations as strong recovery in tourism
COSMETIC CONSUMPTION PER PERSON
It is estimated that 15 million Thai people apply cosmetic products regularly and
spend 10-20 percent of their monthly income on cosmetics (Wiwutwanichkul,
2007). The average of cosmetic budget per purchase is 1,800 baht (about $50) and
Thai consumers purchase cosmetics in 2010(average) are eight purchases per year.
POPULATION
Thailand's total population was 70.08 million in January 2022. Data show
that Thailand's population increased by 139 thousand between 2021 and
2022. At the start of 2022, 52.8 percent of Thailand’s population lived
in urban centres, while 47.2 percent lived in rural areas.
ORGANIC COSMETIC SIZE
Thailand is also expected to dominate the ASEAN market share in the
natural and organic cosmetics segment with total revenue of US $62.3
million in 2020 and is expected to grow by 7.6 % annually (Statista, 2020).
As the largest sub-sector, skincare is estimated to increase to $4.36 billion by 2027,
according to Allied Market Research. Coupled with the aging population of Thailand,
currently at 10% and forecast to reach 20% by 2031, the focus on skin and anti-aging
products cannot be ignored. Previously, consumers’ focus of skincare has gravitated
towards skin whiteners, however, attitudes are starting to change due to the
knowledge of harmful ingredients towards natural and organic skincare products,
which can command higher prices in the premium and specialty segments. Suspect
nghi ngờ
KOREA
GDP PER CAPITA
South Korea gdp per capita for 2022 was $32,255. South Korea gdp
per capita for 2021 was $34,998, a 10.33% increase from 2020. South
Korea gdp per capita for 2020 was $31,721, a 0.57% decline from
2019. South Korea gdp per capita for 2019 was $31,902, a 4.59%
decline from 2018.
POPULATION million
South Korea’s total population stood at 51,692 million according to the results of the
2022 Population Census released by Statistics Korea on July 27. The decline in Korea’s
total population in 2022 was largely due to the fact that the number of Koreans go down
by 148,000 (0.3 percent) from 2021.
COSMETIC CONSUMPTION PER PERSON
Korea's "beauty technology" industry has developed quite rapidly in
recent years with advanced technology, the ability to grasp and
develop products to keep ahead of women's vision.
Per capita expenditure (PCE) on skincare in South Korea increased
from $40.2 in 2016 to $81.3 in 2021. The PCE on skincare in South
Korea is expected to skyrocket to $108.2 by 2026
ORGANIC COSMETIC SIZE (statista)
South Korea is one of the fastest-changing beauty markets, introducing industry-leading
innovations and globally setting trends. The current trend is the rise of natural cosmetic.
As for the ingredients of organic cosmetics, jojoba, aloe, lavender, shea butter, herb,
honey, aloe vera, lemon, coconut grabbed Korean consumers’ interest. Korean
consumers were generally satisfied with organic cosmetics due to the safe and mild
ingredients. With more companies jumping on the vegan bandwagon, the vegan cosmetics market
is expected to expand further. The market size in korea 2022 is 204.80 USD and continue increasing
in the following years. Irritation: kích ứng
In the United States, beauty products like cosmetics are growing owing to a huge demand for
organic and natural products.
When U.S. consumers were asked about what they value most about organic beauty and personal
care products, the most popular responses were that they were alcohol-free, skin-friendly, and
environmentally friendly. With the rising GDP and the growing trend of using green
ingredients among manufacturers is also expected to offer immense growth opportunities
to the market of organic cosmetics. They promote environmental protection.
In 2023, North America holds the largest share of the cosmetics market.
COMPARE
(..) số trong ngoặc là ranking
GDP 5 years
America: $66 thousand (1)
Malaysia: $11.08 thousand (3)
Thailand: $7.23 thousand (4)
Korea: $33.47 thousand (2)
Population 2022
America: 333.287 million (1)
Malaysia: 33.93 million (4)
Thailand: 70.08 million (2)
Korea : 51.6 million (3)
Cosmetic consumption 2022
Thailand: $ 50 (3)
Malay: 35-50 dollars per person (4)
Korea: 82.3 dollars per person (2)
America : 211.82 dollars per consumer units (1)
Organic cosmetic 2022
Thailand: ($ 62.3) (3)
Malay: $47.48 (4)
Korea: $204.80 (2)
America: 1.6 billion (1)
Choose America
