2014-01-24 19:55:04 - Bath and Shower in South Korea - a new market research report on companiesandmarkets.com
LG Household & Health Care maintained the leading position in the South Korea bath products market and shower products industry during 2012 with a 27% value share. The company witnessed a strong performance within body wash/shower gel and bar soap recording 27% and 38% value shares, respectively, in 2012. The company diversified its brand line in bath and shower from mass brands including Say to premium brands including Beyond and On The Body. As a result, it increased its sales in bath and shower by 16% in 2012.
Consumer lifestyles and subsequent demand for bath and shower has changed, principally thanks to the influence of multiculturalism in South Korea. In the past, Koreans simply used bar soap when visiting public baths.
However, young consumers now prefer to take a shower as opposed to a bath which has rapidly boosted the popularity of body wash/shower gel. By the end of the review period, the private spa culture was popular among young consumers who prefer to use bath additives or premium body wash/shower gel, including bath foam, for its functionality. Based on this changing trend, bar soap declined over the review period, while bath additives registered positive growth since 2009 and body wash/shower gel has shown a strong performance continually.
Bath and shower is expected to increase by a CAGR of 3% in constant value terms over the forecast period. Body wash/shower gel will record a CAGR of 5% in constant value terms, while intimate washes will also register a good performance with a CAGR of 4% in constant value terms.
Click for report details: www.companiesandmarkets.com/Market/Consumer-Goods/Market-Researc ..
Browse all Consumer Goods Market Research Reports www.companiesandmarkets.com/Market/Consumer-Goods/Market-Researc ..
Browse all Consumer Goods Company Profile Reports www.companiesandmarkets.com/Market/Consumer-Goods/Company-Profil ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.