Amorepacific Corporation – Company Overview and Analysis, 2023 Update
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Amorepacific Corporation Company Overview
Amorepacific Corporation (Amorepacific) is a South Korean producer of cosmetics & toiletries and non-alcoholic beverages with a strong presence in Asia. The company generated most of its sales from Asia in 2021. South Korea, China, Hong Kong, and Vietnam are the key markets for Amorepacific.
The company’s active investment in the acquisition of the brand Tata Harper to expand its presence in North America is likely to help in achieving sharp growth in the coming years. However, the company has stopped its operation in Russia owing to the ongoing Russia-Ukraine armed conflict which has also been affecting raw material prices across the globe, especially for major importers such as the US, China, and Japan. This might hamper the growth.
The “Amorepacific Corporation – Company Overview and Analysis, 2023 Update” report is based on market analysis and brand diversification by industry and geography. The report will help in understanding the challenges and opportunities for the company to tap into what is impacting the industry. It also gives access to valuable strategic take-outs to help direct future decision-making and inform new product development.
Key Industry | · Cosmetics & Toiletries
· Non-alcoholic beverages |
Key Regions | · Asia
· West Europe · Middle East and North Africa · Latin America · East Europe |
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Amorepacific Corporation Company Analysis by Industry
The major industries where Amorepacific Corporation operates include cosmetics & toiletries and non-alcoholic beverages. Cosmetics & toiletries was the leading industry in 2021. According to GlobalData’s forecast, both industries are expected to record medium to high growth in the company’s largest revenue-generating region, Asia. The cosmetics & toiletries industry is projected to record the fastest CAGR in the Middle East, North Africa, and Latin America.
Amorepacific Corporation Company Analysis by Industry, 2021 (%)
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Amorepacific Corporation Company Analysis by Regions
The major regions in which Amorepacific Corporation is concentrated are Asia, West Europe, the Middle East and North Africa, Latin America, and East Europe. In 2021, Asia led the company sales. The Asian C&T industry is expected to grow during 2021–26. The moderate growth is likely to be supported by rising disposable income and the low inflation rate in this region.
Amorepacific Corporation Company Analysis by Regions, 2020 (%)
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Amorepacific Corporation - Top Themes
The major themes in which Amorepacific Corporation. is investing are Augmented Reality, individualism & expression, Artificial Intelligence (AI), sustainability, and COVID-19.
Augmented Reality: In September 2022, Amorepacific partnered with multi-brand beauty retailer, Boddess, to conduct an interactive event in Gurugram, India. Through this event, the company engaged consumers with smart personalization tools and augmented reality, which was aimed to make them understand their skin better1.
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Scope
• The Asian market presents ample growth opportunities for Amorepacific.
• During 2021–26, Asia is expected to present favorable market conditions for the company’s growth.
Key Highlights
- The Asian market presents ample growth opportunities for Amorepacific.
- During 2021–26, Asia is expected to present favorable market conditions for the company’s growth.
Reasons to Buy
- Understand the challenges and opportunities for a specific company in order to tap into what is really impacting the industry.
- Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your industry.
- Access valuable strategic take-outs to help direct future decision-making and inform new product development.
Table of Contents
Frequently asked questions
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Which was the highest revenue-generating industry for Amorepacific Corporation in 2021?
The cosmetics & toiletries industry led the company’s growth in 2021.
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Which region led Amorepacific Corporation’s business in terms of brand sales in 2020?
Asia led Amorepacific Corporation.’s business in terms of brand sales in 2020.
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What are the major themes in which Amorepacific Corporation. is making investments?
The major themes in which Amorepacific Corporation. is investing are Augmented Reality, individualism & expression, Artificial Intelligence (AI), sustainability, and COVID-19.
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