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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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% |
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% |
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
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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 |
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Key Provinces Profiled |
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The industry size of dietary supplement in Korea is valued at US$ 1,561.41 million in Korea in 2023.
The dietary supplement industry is forecasted to develop at a rate of 10.4% in Korea from 2023 to 2033.
The industry size for dietary supplement is forecasted to reach US$ 4,181.92 million in Korea by 2033.
Korea Ginseng Corporation, ChongKunDang Healthcare, Dong-A Pharmaceutical, and Kolmar Korea are some of the prominent companies that sell dietary supplement in Korea.
Dietary supplement is commonly taken in the form of soft gels/pills in Korea.
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
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