Market Forecast By Ingredient (Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids, Others), By Form (Tablets, Capsules, Soft gels, Powders, Gummies, Liquids, Others), By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Others), By End user (Adults, Geriatric, Pregnant Women, Children, Infants), By Distribution Channel (OTC, Prescribed) And Competitive Landscape
Product Code: ETC010003 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | South Korea Dietary Supplements Market |
Forecast period | 2025-2031 |
CAGR | 6% |
Growing Sector | Health & Wellness |
South Korea Dietary Supplements Market report thoroughly covers the market by Ingredient, Form, Application, End User, and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
South Korea dietary supplements market is currently experiencing impressive growth and is expected to maintain this upward trajectory in the coming years. This growth can be attributed to the increasing health awareness among consumers and the surge in the consumption of dietary supplements. Furthermore, certain challenges can deter its growth to some extent in the near future.
According to 6Wresearch, South Korea's dietary supplements market is predicted to grow at a CAGR of 6% during 2025-2031. Some of the key drivers for this growth include an ageing population, increasing health consciousness, and rising disposable income. As South Korean society continues to grow richer, and health awareness becomes more prominent, the demand for high-quality dietary supplements has increased. Moreover, the growing trend of preventive health care methods is also driving market growth. Consumers are now more focused on maintaining their overall health and preventing illnesses, leading to a rise in the consumption of dietary supplements.
However, the South Korea dietary supplements market is also facing some challenges.One of the major challenges is the reluctance among consumers to use dietary supplements due to concerns about their safety and effectiveness. This scepticism has been further fueled by various controversies surrounding certain supplement brands. Additionally, strict government regulations also pose a challenge for companies in this market. The Ministry of Food and Drug Safety (MFDS) has implemented regulations for labelling and advertising of dietary supplements, making it difficult for companies to promote their products.These challenges include the dynamics of the Dicalcium Phosphate market, requiring proactive strategies to overcome them.
Some of the key players in the South Korea dietary supplements market include Amway, Herbalife, Blackmores, and Swisse. These companies boast a dominant presence in the market and offer a wide range of dietary supplements catering to various health needs. Currently, Herbalife holds the largest share in the market.
The government of South Korea has launched several initiatives to promote the consumption of dietary supplements. The Ministry of Food and Drug Safety introduced the "Good Manufacturing Practice for Health Supplements" to ensure that manufacturers adhere to strict quality standards. This initiative aims at building consumer trust in dietary supplement products and boosting market growth.
The South Korea dietary supplements market is expected to grow significantly in the coming years. With the growing trend of preventive healthcare, it is expected that the demand for dietary supplements in South Korea will continue to rise. The market will also witness an increasing number of product launches, innovations and collaborations between manufacturers and retailers to meet the diverse needs of consumers. Additionally, with advancements in technology and increasing consumer education, concerns about product safety and efficacy are expected to reduce in the future.
According to Dhaval, Research Manager, 6Wresearch, In terms of ingredients, vitamins are currently leading and dominating the market due to their wide range of health benefits and high demand among consumers.
Among the various forms, tablets are the most widely used dietary supplements in South Korea due to their easy consumption and convenience.
The general health segment is driving the demand for dietary supplements in South Korea. This trend is expected to continue with the increasing health awareness among consumers.
The adult population is the largest consumer group of dietary supplements in South Korea. Due to focus on preventive healthcare and need for dietary supplements due to age factors.
The over-the-counter (OTC) distribution channel dominates the South Korea dietary supplements market. This is due to the convenience and availability of OTC products in various retail outlets such as pharmacies, supermarkets, and online stores.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Dietary Supplements Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Dietary Supplements Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Dietary Supplements Market - Industry Life Cycle |
3.4 South Korea Dietary Supplements Market - Porter's Five Forces |
3.5 South Korea Dietary Supplements Market Revenues & Volume Share, By Ingredient , 2021 & 2031F |
3.6 South Korea Dietary Supplements Market Revenues & Volume Share, By Form , 2021 & 2031F |
3.7 South Korea Dietary Supplements Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.8 South Korea Dietary Supplements Market Revenues & Volume Share, By End user, 2021 & 2031F |
3.9 South Korea Dietary Supplements Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 South Korea Dietary Supplements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Dietary Supplements Market Trends |
6 South Korea Dietary Supplements Market, By Types |
6.1 South Korea Dietary Supplements Market, By Ingredient |
6.1.1 Overview and Analysis |
6.1.2 South Korea Dietary Supplements Market Revenues & Volume, By Ingredient , 2021-2031F |
6.1.3 South Korea Dietary Supplements Market Revenues & Volume, By Vitamins, 2021-2031F |
6.1.4 South Korea Dietary Supplements Market Revenues & Volume, By Botanicals, 2021-2031F |
6.1.5 South Korea Dietary Supplements Market Revenues & Volume, By Minerals, 2021-2031F |
6.1.6 South Korea Dietary Supplements Market Revenues & Volume, By Proteins & Amino Acids, 2021-2031F |
6.1.7 South Korea Dietary Supplements Market Revenues & Volume, By Fibers & Specialty Carbohydrates, 2021-2031F |
6.1.8 South Korea Dietary Supplements Market Revenues & Volume, By Omega Fatty Acids, 2021-2031F |
6.2 South Korea Dietary Supplements Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 South Korea Dietary Supplements Market Revenues & Volume, By Tablets, 2021-2031F |
6.2.3 South Korea Dietary Supplements Market Revenues & Volume, By Capsules, 2021-2031F |
6.2.4 South Korea Dietary Supplements Market Revenues & Volume, By Soft gels, 2021-2031F |
6.2.5 South Korea Dietary Supplements Market Revenues & Volume, By Powders, 2021-2031F |
6.2.6 South Korea Dietary Supplements Market Revenues & Volume, By Gummies, 2021-2031F |
6.2.7 South Korea Dietary Supplements Market Revenues & Volume, By Liquids, 2021-2031F |
6.3 South Korea Dietary Supplements Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 South Korea Dietary Supplements Market Revenues & Volume, By Energy & Weight Management, 2021-2031F |
6.3.3 South Korea Dietary Supplements Market Revenues & Volume, By General Health, 2021-2031F |
6.3.4 South Korea Dietary Supplements Market Revenues & Volume, By Bone & Joint Health, 2021-2031F |
6.3.5 South Korea Dietary Supplements Market Revenues & Volume, By Gastrointestinal Health, 2021-2031F |
6.3.6 South Korea Dietary Supplements Market Revenues & Volume, By Immunity, 2021-2031F |
6.3.7 South Korea Dietary Supplements Market Revenues & Volume, By Cardiac Health, 2021-2031F |
6.3.8 South Korea Dietary Supplements Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 South Korea Dietary Supplements Market Revenues & Volume, By Others, 2021-2031F |
6.4 South Korea Dietary Supplements Market, By End user |
6.4.1 Overview and Analysis |
6.4.2 South Korea Dietary Supplements Market Revenues & Volume, By Adults, 2021-2031F |
6.4.3 South Korea Dietary Supplements Market Revenues & Volume, By Geriatric, 2021-2031F |
6.4.4 South Korea Dietary Supplements Market Revenues & Volume, By Pregnant Women, 2021-2031F |
6.4.5 South Korea Dietary Supplements Market Revenues & Volume, By Children, 2021-2031F |
6.4.6 South Korea Dietary Supplements Market Revenues & Volume, By Infants, 2021-2031F |
6.5 South Korea Dietary Supplements Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 South Korea Dietary Supplements Market Revenues & Volume, By OTC, 2021-2031F |
6.5.3 South Korea Dietary Supplements Market Revenues & Volume, By Prescribed, 2021-2031F |
7 South Korea Dietary Supplements Market Import-Export Trade Statistics |
7.1 South Korea Dietary Supplements Market Export to Major Countries |
7.2 South Korea Dietary Supplements Market Imports from Major Countries |
8 South Korea Dietary Supplements Market Key Performance Indicators |
9 South Korea Dietary Supplements Market - Opportunity Assessment |
9.1 South Korea Dietary Supplements Market Opportunity Assessment, By Ingredient , 2021 & 2031F |
9.2 South Korea Dietary Supplements Market Opportunity Assessment, By Form , 2021 & 2031F |
9.3 South Korea Dietary Supplements Market Opportunity Assessment, By Application , 2021 & 2031F |
9.4 South Korea Dietary Supplements Market Opportunity Assessment, By End user, 2021 & 2031F |
9.5 South Korea Dietary Supplements Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 South Korea Dietary Supplements Market - Competitive Landscape |
10.1 South Korea Dietary Supplements Market Revenue Share, By Companies, 2024 |
10.2 South Korea Dietary Supplements Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |