Research

Cosmetics Guidebook Nusrat Draft v2 (250418): Bangladesh K-Beauty Market Analysis

Overview of Nusrat Draft v2

The Bangladesh cosmetics market guidebook is a comprehensive market research report prepared by KOTRA Dhaka to support Korean cosmetics, or K-Beauty, companies seeking entry into the Bangladesh market. Nusrat, the local research lead, submitted the second draft version on April 18, 2025.

Draft v2 reflects feedback on the first draft and incorporates major revisions, including updated market size data, expanded analysis of distribution channels, more detailed regulatory and certification requirements, and an added review of the K-Beauty competitive landscape. This article records the structure of the v2 draft, the key changes, the translation and proofreading process, and the next work plan.

Draft v2
Version
Nusrat
2025.04.18
Submission Date
Second draft
35 pages
Length
English
8
Chapters
Structure
$800M+
Market Size
2024 basis
3% share
K-Beauty
Growing
Distribution + Regulation
Key Revisions
From v1 feedback
KO↔EN
Translation
Proofreading underway

Chapter Structure of Draft v2

Draft v2 consists of eight chapters, with the distribution channel analysis and the regulation and certification section substantially expanded in response to feedback on v1. The table below summarizes the completion level of each chapter, key data sources, and areas where additional refinement is still required.

Chapter Structure and Completion Status of Draft v2
ChapterTopicLengthCompletionFurther Improvement Needed
CH1Overview of the Bangladesh cosmetics market5p90%Update 2024 data
CH2Market size and growth outlook4p85%Cross-check Euromonitor figures
CH3Consumer trends and preferences5p80%Add survey data
CH4Distribution channel analysis5p75%Expand online channels further (v1 feedback)
CH5Regulation, certification, and import procedures4p70%Detail BSTI certification steps (v1 feedback)
CH6K-Beauty competitive landscape4p85%Newly added chapter
CH7Key buyers and distributors4p80%Add profiles of five more firms
CH8Market entry strategy and recommendations4p75%Strengthen pricing strategy

Key Changes from v1

Data Updates from v1 to v2
Market Size$750M->$800M+
Growth Rate8%->9.5%
K-Beauty Share2.5%->3%
Import Value$120M->$140M
Structural Changes from v1 to v2
No. of Chapters7->8 (+competition)
Distribution Analysis2p->5p (major expansion)
Regulation & Cert.1.5p->4p (more detailed)
No. of Buyers5->10 firms

The most significant change in v2 is the expanded treatment of distribution channels. While v1 focused mainly on traditional channels such as supershops and pharmacies, v2 covers online channels including Daraz, Chaldal, and Facebook Commerce, as well as beauty specialty stores, department stores, and duty-free outlets. It also describes in greater detail the BSTI certification process, halal certification, import approvals, and tariff structures. Chapter 6, which analyzes the K-Beauty competitive landscape, is a new addition in v2 and reviews the presence of brands already in the market, such as Innisfree, The Face Shop, and TonyMoly.

Translation, Proofreading, and Next Steps

01
English Draft to Korean Translation
Nusrat prepares the draft in English, and the Korean translation is completed internally by the trade office. Translating the 35-page English v2 draft takes about one week, with particular attention to the correct Korean rendering of specialized terms such as BSTI, HS Code, and halal certification. Both Korean and English versions are maintained after translation.
02
Verification of v1 Feedback Incorporation
The three core points from the v1 feedback were: 1) expand online distribution coverage, 2) detail the BSTI certification process, and 3) add a K-Beauty competition chapter. Items 1 and 2 have been reflected to a substantial degree, while item 3 was added as a new chapter. Additional feedback is still needed on the share of online channels in Chapter 4 and the actual time required for certification in Chapter 5.
03
Cross-Verification of Data
The market size figure in v2, shown as $800M+, should be cross-verified against Euromonitor, Statista, and BBS. Nusrat primarily relied on local industry interviews and BBS data, which may differ from international databases. The final edition should strengthen reliability through multi-source validation.
04
Upcoming Schedule: v3 to Final Draft
After feedback on v2 is incorporated, Nusrat is expected to submit v3 in June, followed by Sakib’s review and completion of the final draft in August. The final version will be published in the format of a KOTRA publication with design enhancements such as a cover and infographics. The overall production period is approximately seven months, from v1 in February 2025 to publication in September 2025.
Cosmetics Guidebook Production Process
Nusrat v1
First draft (Feb)
Nusrat v2
Second draft (Apr)
Nusrat v3
Third draft (Jun)
Sakib Review
English proofreading (Aug)
Final Publication
Design + publication (Sep)
Cosmetics Guidebook Nusrat Revised Version (250615)Review the revisions and completion status of Nusrat’s third draft
STATISTA Account Demand Review: Market Data Usage AnalysisExamine the use of market data platforms and guidebook data sources

Nusrat Draft v2 for the cosmetics guidebook is the second draft that substantially strengthens the treatment of distribution channels, regulatory certification, and the K-Beauty competitive landscape in response to feedback on v1. The market size estimate has been updated to more than $800 million, and the overall eight-chapter structure has been firmly established, giving the guidebook a clear backbone. The next step is to strengthen online distribution data and BSTI certification timing in v3, followed by Sakib's English proofreading, with final publication targeted for September 2025.

CosmeticsGuidebookK-BeautyNusratDraft
Cosmetics Guidebook Nusrat Draft v2 (250418): Bangladesh K-Beauty Market Analysis | Dhaka Trade Portal