Research Methodology – K-Beauty Products Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the K-Beauty Products Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the K-Beauty Products Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share
- Scope of the market definition such as country-specific, region-specific, or market-specific.
- Customer base for K-Beauty Products.
- Revenue generated by the K-Beauty Products.
- Market presence and number of products sold by the different brands in the market.
- Market trend and percentage of the population using K-Beauty Products.
- Market competition and influence by the existing brands.
- Product distribution channels, such as online platforms, beauty retail stores, department stores, drug stores, and other distribution channels.
- Impact of innovation and technological advancements in the market.
Key Market Indicators
- Total sales volume and revenue of K-Beauty Products.
- Market capitalization of key players.
- Customer preference and shift towards K-Beauty Products.
- Investment in the cosmetic and skincare industry.
- The rate of new product development and launches from K-Beauty brands.
- Average price trends of K-Beauty Products.
- Online consumer behavior and online sales growth.
Growth Trends
- Increasing global awareness about K-Beauty routine and its benefits.
- Growth in per capita income and spending on beauty and skincare products.
- Increasing popularity and demand for organic and natural beauty products.
- Increased innovation and product developments in K-Beauty.
- Expansion of distribution channels, and increased online buying behavior.
- Growth in the demand for K-Beauty Products in regions other than South Korea.
- The surge in influencer marketing and advertising, boosting K-Beauty Products' popularity.
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the K-Beauty Products Market. Key inputs include:
Company-Level Information
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
Industry and Government Sources
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the K-Beauty Products Market
Market Intelligence Sources
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
Macro & Consumer Insights
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
Expert Insights & KOL Engagements
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
Focused Discussions & Panels
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
Data Validation & Business POV
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
Forecasting is carried out using proprietary models that combine:
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights