Korean Dietary Supplement Market Research Report 2023-2033

An In-depth Look at Sale of Dietary Supplement in Korea from 2023 to 2033

The demand for dietary supplement in Korea is expected to be worth US$ 1,561.41 million in 2023, up from US$ 1,408.34 million in 2022. The demand in Korea is projected to continue at a robust rate over the 2023 to 2033 forecast period, with a CAGR of 10.4%. By 2033, the sales of dietary supplement in Korea are anticipated to reach a valuation of US$ 4,181.92 million.

Attributes	Details
Industry size for Korea in 2023	US$ 1,561.41 million
Expected Industry Size for Korea by 2033	US$ 4,181.92 million
Forecasted CAGR between 2023 to 2033	10.4%

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Key Insights for Dietary Supplement in Korea

In Korea, the variety of dietary supplement is ever-increasing. The Korean population is responding positively to the launch of new supplements, thus contributing to the growing demand for the product.
Red ginseng and probiotic supplements are two of the highly popular supplements in Korea. However, the consumption of vitamin and collagen supplements is also rising in the country.
eCommerce has added a new dimension to the demand for dietary supplement in Korea. A large number of Korean consumers are turning to the online mode to obtain dietary supplements.

Key Trends Shaping the Demand for Dietary Supplement in Korea

Rising disposable income among the young population is helping advance dietary supplement sales in Korea. Due to affluence, young individuals are not hesitant to spend money on improving their appearances, accelerating the demand for dietary supplement in Korea.
As fitness trends emerge in Korea, there has been a shift among a considerable chunk of the population toward plant-based products. Plant-based dietary supplement is also finding a significant consumer base in Korea.
Consumers in Korea are wary of false claims and forged products when it comes to dietary supplements. The government has implemented several measures to curb inauthenticity in dietary supplements. This provides consumers in the country with greater assurance regarding the products.
Sports nutrition supplements are growing in demand in Korea. With popular sports such as football, badminton, and skating in Korea, a significant number of people have taken up sports. Sports nutrition supplements are being consumed to augment practice.
Pets are becoming increasingly commonplace in Korea. According to the Korean Ministry of Agriculture, Food and Rural Affairs, the number of households with dogs or cats nearly doubled from 2012 to 2022. Thus, there is a significant opportunity for pet dietary supplement in Korea.

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Category-wise Insights

Immunity-boosting Amino Acids Dominate Korea’s Dietary Supplement Landscape

Amino acid is the ingredient commonly found in dietary supplement in Korea. For 2023, amino acids segment is expected to account for 42.7% of the industry share by ingredients in Korea.

Amino acids are considered essential for immunity boosting. As the function of dietary supplement is to augment natural diets, supplements with amino acids are increasing in popularity across Korea. In addition, amino acids are also considered helpful in improving memory and mental health.

Demand for Dietary Supplement in Korea Based on Ingredients	Amino Acids
Industry Share in 2023	42.7%

Ease Provided by Soft Gel/Pills is Still Winning over Consumers in Korea

Soft gels/pills still rule the roost in Korea. In 2023, the soft gels/pills segment is expected to hold 58.7% of the industry share by form. Soft gels/pills are easy to swallow. Consumers in Korea are drawn to the comfort provided by the pills, making gels/pills the dominant form in which dietary supplement is taken in Korea.

Demand for Dietary Supplement in Korea Based on Form	Soft Gel/Pills
Industry Share in 2023	58.7%

Competitive Landscape

Diversity in products is a predominant concern among players in Korea. By introducing new products, Korean producers hope to maintain a hold on the industry in the nation. Consumers in this country show a preference for Korean-made products. Therefore, Korean local players are thriving. However, international brands have also made their mark in the nation.

Recent Developments Observed in Dietary Supplement in Korea

In August 2023, Hyundai Department Store agreed to a deal with Nestle to sell the latter’s dietary supplement in Korea. The two brands are also considering joint production in Korea.
In October 2023, TSI Group’s myHMB product received label approval from the Korean Ministry of Food and Drug Safety (MFDS). Thanks to this decision, TSI Group can now advertise the health benefits of myHMB in dietary supplements.

Some of the Key Players with Dietary Supplement in Korea

Korea Ginseng Corporation
ChongKunDang Healthcare
Dong-A Pharmaceutical
Kolmar Korea
Nongshim Health
Il-Yang Pharm
Pulmuone Health & Living
Amway Korea
GNC Korea
Viva Health
USANA Health Sciences
Kyani
DSM Nutritional Products
NOVAREX
Cellromax
Biovea
Nestlé
GlaxoSmithKline

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	US$ 1,561.41 million
Projected Industry Size by 2033	US$ 4,181.92 million
Anticipated CAGR between 2023 to 2033	10.4% CAGR
Historical Analysis of Demand for Dietary Supplement in Korea	2018 to 2022
Demand Forecast for Dietary Supplement in Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Key Insights for Dietary Supplement in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Companies Profiled	Korea Ginseng Corporation ChongKunDang Healthcare Dong-A Pharmaceutical Kolmar Korea Nongshim Health Il-Yang Pharm Pulmuone Health & Living Amway Korea GNC Korea Viva Health USANA Health Sciences Kyani DSM Nutritional Products NOVAREX Cellromax Biovea Nestlé GlaxoSmithKline
Key Provinces Profiled	South Gyeongsang North Jeolla South Jeolla Jeju

Key Segments

By Form:

Soft Gel or Capsules
- Confectionary Products
  - Gummies
  - Chews
  - Others
- Pharmaceutical Products
  - Chewable Pills and Pills
  - Soft Gel
Powder
Liquid

By Ingredient:

Vitamins & Minerals
Amino Acids
Botanical Supplements
Others

By End Use:

Men
Women
Senior Citizen
Others

By Application:

Weight Loss
Sports Nutrients
General Well Being
Immune Health and Digestive Health
Bone and Joint Health
Heart Health
Others

By Distribution Channel:

Pharmacies Drug Store
Health & Beauty Stores
Immune Health and Digestive Health
Bone and Joint Health
Heart Health
Other

By Province:

South Gyeongsang
North Jeolla
South Jeolla
Jeju

Frequently Asked Questions

What is the Industry Size of Dietary Supplement in Korea?

The industry size of dietary supplement in Korea is valued at US$ 1,561.41 million in Korea in 2023.

At What Rate is the Dietary Supplement Industry Growing in Korea?

The dietary supplement industry is forecasted to develop at a rate of 10.4% in Korea from 2023 to 2033.

What will be the Industry Size of Dietary Supplement in Korea by 2033?

The industry size for dietary supplement is forecasted to reach US$ 4,181.92 million in Korea by 2033.

Who are the Prominent Companies in Korea That Sell Dietary Supplements?

Korea Ginseng Corporation, ChongKunDang Healthcare, Dong-A Pharmaceutical, and Kolmar Korea are some of the prominent companies that sell dietary supplement in Korea.

How is Dietary Supplement Predominantly Taken in Korea?

Dietary supplement is commonly taken in the form of soft gels/pills in Korea.

Table of Content

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 (Units Pack) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units Pack) 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 Ingredients

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units Pack) Analysis By Ingredients , 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) & Volume (Units Pack) Analysis and Forecast By Ingredients , 2023 to 2033

5.3.1. Amino Acid

5.3.2. Animal Extract

5.3.3. Botanical Extract

5.3.4. Mineral

5.3.5. Nucleotide

5.3.6. Omega 3

5.3.7. Probiotics

5.3.8. Protein

5.3.9. Sugar

5.3.10. Vegetable Oil & Powder

5.3.11. Vitamin

5.3.12. Yeast Extract

5.4. Y-o-Y Growth Trend Analysis By Ingredients , 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Ingredients , 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 (Units Pack) Analysis By Form, 2018 to 2022

6.3. Current and Future Market Size Value (US$ Million) & Volume (Units Pack) Analysis and Forecast By Form, 2023 to 2033

6.3.1. Soft Gel/Pills

6.3.1.1. Confectionery Products

6.3.1.2. Pharmaceuticals Products

6.3.2. Powder

6.3.3. Liquid

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 Application

7.1. Introduction / Key Findings

7.2. Historical Market Size Value (US$ Million) & Volume (Units Pack) Analysis By Application , 2018 to 2022

7.3. Current and Future Market Size Value (US$ Million) & Volume (Units Pack) Analysis and Forecast By Application , 2023 to 2033

7.3.1. Weight Loss

7.3.2. Sports Nutrition’s

7.3.3. General Well-Beings

7.3.4. Immune & Digestive Health

7.3.5. Bone & Joint Health

7.3.6. Heart Health

7.3.7. Others Specific Requirements (Supplements , Anti -Allergies & EyeHealth)

7.4. Y-o-Y Growth Trend Analysis By Application , 2018 to 2022

7.5. Absolute $ Opportunity Analysis By Application , 2023 to 2033

8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region

8.1. Introduction

8.2. Historical Market Size Value (US$ Million) & Volume (Units Pack) Analysis By Region, 2018 to 2022

8.3. Current Market Size Value (US$ Million) & Volume (Units Pack) Analysis and Forecast By Region, 2023 to 2033

8.3.1. South Gyeongsang

8.3.2. North Jeolla

8.3.3. South Jeolla

8.3.4. Jeju

8.3.5. Rest of Korea

8.4. Market Attractiveness Analysis By Region

9. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

9.1. Historical Market Size Value (US$ Million) & Volume (Units Pack) Trend Analysis By Market Taxonomy, 2018 to 2022

9.2. Market Size Value (US$ Million) & Volume (Units Pack) Forecast By Market Taxonomy, 2023 to 2033

9.2.1. By Ingredients

9.2.2. By Form

9.2.3. By Application

9.3. Market Attractiveness Analysis

9.3.1. By Ingredients

9.3.2. By Form

9.3.3. By Application

9.4. Key Takeaways

10. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

10.1. Historical Market Size Value (US$ Million) & Volume (Units Pack) Trend Analysis By Market Taxonomy, 2018 to 2022

10.2. Market Size Value (US$ Million) & Volume (Units Pack) Forecast By Market Taxonomy, 2023 to 2033

10.2.1. By Ingredients

10.2.2. By Form

10.2.3. By Application

10.3. Market Attractiveness Analysis

10.3.1. By Ingredients

10.3.2. By Form

10.3.3. By Application

10.4. Key Takeaways

11. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

11.1. Historical Market Size Value (US$ Million) & Volume (Units Pack) Trend Analysis By Market Taxonomy, 2018 to 2022

11.2. Market Size Value (US$ Million) & Volume (Units Pack) Forecast By Market Taxonomy, 2023 to 2033

11.2.1. By Ingredients

11.2.2. By Form

11.2.3. By Application

11.3. Market Attractiveness Analysis

11.3.1. By Ingredients

11.3.2. By Form

11.3.3. By Application

11.4. Key Takeaways

12. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

12.1. Historical Market Size Value (US$ Million) & Volume (Units Pack) Trend Analysis By Market Taxonomy, 2018 to 2022

12.2. Market Size Value (US$ Million) & Volume (Units Pack) Forecast By Market Taxonomy, 2023 to 2033

12.2.1. By Ingredients

12.2.2. By Form

12.2.3. By Application

12.3. Market Attractiveness Analysis

12.3.1. By Ingredients

12.3.2. By Form

12.3.3. By Application

12.4. Key Takeaways

13. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

13.1. Historical Market Size Value (US$ Million) & Volume (Units Pack) Trend Analysis By Market Taxonomy, 2018 to 2022

13.2. Market Size Value (US$ Million) & Volume (Units Pack) Forecast By Market Taxonomy, 2023 to 2033

13.2.1. By Ingredients

13.2.2. By Form

13.2.3. By Application

13.3. Market Attractiveness Analysis

13.3.1. By Ingredients

13.3.2. By Form

13.3.3. By Application

13.4. Key Takeaways

14. Market Structure Analysis

14.1. Competition Dashboard

14.2. Competition Benchmarking

14.3. Market Share Analysis of Top Players

14.3.1. By Regional

14.3.2. By Ingredients

14.3.3. By Form

14.3.4. By Application

15. Competition Analysis

15.1. Competition Deep Dive

15.1.1. Amway Corp.

15.1.1.1. Overview

15.1.1.2. Product Portfolio

15.1.1.3. Profitability by Market Segments

15.1.1.4. Sales Footprint

15.1.1.5. Strategy Overview

15.1.1.5.1. Marketing Strategy

15.1.1.5.2. Product Strategy

15.1.1.5.3. Channel Strategy

15.1.2. Glanbia PLC

15.1.2.1. Overview

15.1.2.2. Product Portfolio

15.1.2.3. Profitability by Market Segments

15.1.2.4. Sales Footprint

15.1.2.5. Strategy Overview

15.1.2.5.1. Marketing Strategy

15.1.2.5.2. Product Strategy

15.1.2.5.3. Channel Strategy

15.1.3. Abbott

15.1.3.1. Overview

15.1.3.2. Product Portfolio

15.1.3.3. Profitability by Market Segments

15.1.3.4. Sales Footprint

15.1.3.5. Strategy Overview

15.1.3.5.1. Marketing Strategy

15.1.3.5.2. Product Strategy

15.1.3.5.3. Channel Strategy

15.1.4. Bayer AG

15.1.4.1. Overview

15.1.4.2. Product Portfolio

15.1.4.3. Profitability by Market Segments

15.1.4.4. Sales Footprint

15.1.4.5. Strategy Overview

15.1.4.5.1. Marketing Strategy

15.1.4.5.2. Product Strategy

15.1.4.5.3. Channel Strategy

15.1.5. Pfizer Inc.

15.1.5.1. Overview

15.1.5.2. Product Portfolio

15.1.5.3. Profitability by Market Segments

15.1.5.4. Sales Footprint

15.1.5.5. Strategy Overview

15.1.5.5.1. Marketing Strategy

15.1.5.5.2. Product Strategy

15.1.5.5.3. Channel Strategy

15.1.6. ADM

15.1.6.1. Overview

15.1.6.2. Product Portfolio

15.1.6.3. Profitability by Market Segments

15.1.6.4. Sales Footprint

15.1.6.5. Strategy Overview

15.1.6.5.1. Marketing Strategy

15.1.6.5.2. Product Strategy

15.1.6.5.3. Channel Strategy

15.1.7. Nu Skin Enterprises, Inc.

15.1.7.1. Overview

15.1.7.2. Product Portfolio

15.1.7.3. Profitability by Market Segments

15.1.7.4. Sales Footprint

15.1.7.5. Strategy Overview

15.1.7.5.1. Marketing Strategy

15.1.7.5.2. Product Strategy

15.1.7.5.3. Channel Strategy

15.1.8. GlaxoSmithKline plc

15.1.8.1. Overview

15.1.8.2. Product Portfolio

15.1.8.3. Profitability by Market Segments

15.1.8.4. Sales Footprint

15.1.8.5. Strategy Overview

15.1.8.5.1. Marketing Strategy

15.1.8.5.2. Product Strategy

15.1.8.5.3. Channel Strategy

15.1.9. Bionova

15.1.9.1. Overview

15.1.9.2. Product Portfolio

15.1.9.3. Profitability by Market Segments

15.1.9.4. Sales Footprint

15.1.9.5. Strategy Overview

15.1.9.5.1. Marketing Strategy

15.1.9.5.2. Product Strategy

15.1.9.5.3. Channel Strategy

15.1.10. Ayanda

15.1.10.1. Overview

15.1.10.2. Product Portfolio

15.1.10.3. Profitability by Market Segments

15.1.10.4. Sales Footprint

15.1.10.5. Strategy Overview

15.1.10.5.1. Marketing Strategy

15.1.10.5.2. Product Strategy

15.1.10.5.3. Channel Strategy

16. Assumptions & Acronyms Used

17. Research Methodology

Demand and Trends Analysis of Dietary Supplements in Korea

Demand Forecast for Dietary Supplement in Korea, by Amino Acids and Botanical Supplements Ingredient, 2023 to 2033