The Korea probiotic supplement industry is projected to expand at a CAGR of 11.6% through 2033. The demand for probiotic supplement in Korea is predicted to overgrow, reaching US$ 241.03 million in 2023.
Growing public awareness of the significance of gut health, as well as increased demand for functional foods and dietary supplement, have all contributed to the industry expansion of probiotic supplement in Korea. The industry size of probiotic supplement in Korea is likely to be worth US$ 722.70 million by 2033.
Key Highlights
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2023) | US$ 241.03 million |
Anticipated Forecast Value (2033) | US$ 722.70 million |
Estimated Growth (2023 to 2033) | 11.6% CAGR |
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Attributes | Details |
---|---|
Bacteria Type | Lactobacillus |
Industry Share in 2023 | 36.3% |
Attributes | Details |
---|---|
End User | Women |
Industry Share in 2023 | 42.5% |
Industry players have employed various growth strategies to gain a competitive advantage, including capacity expansions, mergers and acquisitions, enhancing their online presence, and introducing new products. Some of the top Korean probiotic supplement firms include Cell Biotech, AceBiome, Amorepacific, Chong Dun Kang, Esther Formula, CJ Cheiljedang, and IIdong Pharmaceutical.
Innovations and creative approaches have benefited the probiotic supplement sector in Korea. Several product introductions in recent years have expanded the industry's client base while intensifying competition within the sector.
Recent Development in the Probiotic Supplement Industry in Korea
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Attribute | Details |
---|---|
Estimated Valuation (2023) | US$ 241.03 million |
Projected Valuation (2033) | US$ 722.70 million |
Anticipated CAGR (2023 to 2033) | 11.6% CAGR |
Historical Analysis of Probiotic Supplement in Korea | 2018 to 2022 |
Demand Forecast for Probiotic Supplement in Korea | 2023 to 2033 |
Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Probiotic Supplement Adoption in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Industry. |
Key Companies Profiled | Cell Biotech; AceBiome; Amorepacific; Chong Dun Kang; Esther Formula; CJ Cheiljedang; IIdong Pharmaceutical |
The anticipated CAGR for the Korea probiotic supplement industry through 2033 is 11.6%.
Demand for probiotic supplement in Korea is likely to surpass US$ 722.70 million by 2033.
In 2023, the industry size for probiotic supplement in Korea is valued at US$ 241.03 million.
Lactobacillus are highly preferred in Korea, with an industry share of 36.3%.
In Korea, women consumers dominates the probiotic supplement industry with 42.5% industry share.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Bacteria 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Bacteria, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Bacteria, 2023 to 2033 5.3.1. Lactobacillus 5.3.2. Streptococcus 5.3.3. Bifid bacterium 5.4. Y-o-Y Growth Trend Analysis By Bacteria, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Bacteria, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033 6.3.1. Tablet 6.3.2. Capsules 6.3.3. Liquid 6.3.4. Powder Premixes 6.3.5. Gummies/Chewable 6.3.6. Lozenges 6.3.7. Liquid & Gels 6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Function 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Function, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Function, 2023 to 2033 7.3.1. Immunity & Digestive Health 7.3.2. Urogenital Health 7.3.3. Vaginal Health 7.3.4. Urinary Tract Infections 7.3.5. Pregnancy 7.3.6. Weight Management 7.4. Y-o-Y Growth Trend Analysis By Function, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Function, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Distribution Channel, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2023 to 2033 8.3.1. Hypermarket/ Supermarket 8.3.2. Specialty Stores 8.3.3. E-Commerce 8.3.4. Pharmacy Stores 8.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End User 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End User, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End User, 2023 to 2033 9.3.1. Women 9.3.2. Seniors 9.3.3. Seniors 9.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 10.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 10.3.1. South Gyeongsang 10.3.2. North Jeolla 10.3.3. South Jeolla 10.3.4. Jeju 10.3.5. Rest of Korea 10.4. Market Attractiveness Analysis By Region 11. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Bacteria 11.2.2. By Form 11.2.3. By Function 11.2.4. By Distribution Channel 11.2.5. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Bacteria 11.3.2. By Form 11.3.3. By Function 11.3.4. By Distribution Channel 11.3.5. By End User 11.4. Key Takeaways 12. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Bacteria 12.2.2. By Form 12.2.3. By Function 12.2.4. By Distribution Channel 12.2.5. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Bacteria 12.3.2. By Form 12.3.3. By Function 12.3.4. By Distribution Channel 12.3.5. By End User 12.4. Key Takeaways 13. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Bacteria 13.2.2. By Form 13.2.3. By Function 13.2.4. By Distribution Channel 13.2.5. By End User 13.3. Market Attractiveness Analysis 13.3.1. By Bacteria 13.3.2. By Form 13.3.3. By Function 13.3.4. By Distribution Channel 13.3.5. By End User 13.4. Key Takeaways 14. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Bacteria 14.2.2. By Form 14.2.3. By Function 14.2.4. By Distribution Channel 14.2.5. By End User 14.3. Market Attractiveness Analysis 14.3.1. By Bacteria 14.3.2. By Form 14.3.3. By Function 14.3.4. By Distribution Channel 14.3.5. By End User 14.4. Key Takeaways 15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Bacteria 15.2.2. By Form 15.2.3. By Function 15.2.4. By Distribution Channel 15.2.5. By End User 15.3. Market Attractiveness Analysis 15.3.1. By Bacteria 15.3.2. By Form 15.3.3. By Function 15.3.4. By Distribution Channel 15.3.5. By End User 15.4. Key Takeaways 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Bacteria 16.3.3. By Form 16.3.4. By Function 16.3.5. By Distribution Channel 16.3.6. By End User 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. MEDIOGEN 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. ESTHER FORMULA 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Jarrow Formulas 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. NOVA Probiotics 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Lifeway Foods 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Natural Factors 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Pharma Care Laboratories 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Total Nutrition, 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Church & Dwight 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Goerlich Pharma 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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