Bilans d’évènement Cosmétique - Bien-être - parfum
The French cosmetic market: the new Eldorado for Seoul
Did you know that France is the first global exporter of fragrance and cosmetics?
On Friday May 26th, FKCCI was invited by Cosmobeauty Seoul 2023 exhibition held at the Coex to present the dynamism of the French cosmetics market, as well as challenges and opportunities for Korean companies.
Held for more than 36 years, Cosmobeauty is the major Korean B2B-specialized exhibition on cosmetics, beauty and health industries, gathering more than 30,000 visitors and 15,000 buyers from 50 countries.
In this context, Sonia Chaieb, Business Director, along with Sangmin Kim and Sunju Moon, Project Managers at FKCCI business development team, were invited to talk in a business conference to share insights on the French cosmetics market.
As a major European beauty hub, France sustains a dynamic ecosystem of more than 3,200 companies (80% of which are SMEs) generating 250,000 jobs and 45 billion EUR of turnover. Focused on innovation with more than 1,000 laboratories and 26,000 researchers, it is recognized globally for its long-standing tradition of excellence in the industry.
Therefore, France is the largest exporter of fragrance and cosmetics to South Korea with a value of 500 million USD (+22% in 2022), especially renowned for its premium make-up and its natural and organic skincare products. On the other hand, France is the 1st European importer of Korean cosmetics, amounting to 85 million USD, both countries sharing a taste for innovation and quality.
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