South Korea Dietary Supplements (Nutrition) Market Analysis


  • Type: Therapeutics Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4917

  • Format: PPT, PDF

South Korea Dietary Supplements Market: Segmented By Ingredients (Vitamins, Calcium, Minerals, Proteins and Amino Acids, Probiotics, Red Ginseng, Omega-3 Fatty Acids, Lutein), By Application (General Health [Immunity], Bone And Joint Health, Cardiac Health, Gastrointestinal Health, and Others) and By Form (Tablets, Capsules, Soft Gels, Powders, Gummies, Liquids, and Others) – Growth, Trends and Forecasts (2019 – 2028)

SKU: 4917 Categories: ,

Report Overview

The South Korea dietary supplements market size stood at around USD xx billion in 2019 and is projected to reach xx billion by 2028, exhibiting a CAGR of around 2.24% during the forecast period.

Consumption of dietary supplements increases the nutrient intake and help to get the recommended amount of vitamins and minerals when the requirement is not met by food alone. People who are on low calorie diet, have a poor appetite or avoid certain foods (strict vegetarians, vegans) opt to take dietary supplements. Healthcare providers also recommend multivitamins and mineral supplements to patients with certain medical conditions such as osteoporosis, anaemia, and others. Poor diet quality rather than quantity is the major determinant of inadequate micronutrient status. Nutrient shortfalls have consequences that could impact daily life and overall well-being.

Market Drivers

The working population is struggling to achieve the daily nutrient requirements because of hectic work schedules and changing lifestyles. This is increasing their reliance on dietary supplements to comply with the nutrient needs, which is expected to drive the market over the forecast period.

Another key factor driving the growth of the market is increasing adoption of multivitamin and mineral supplements by the growing aging population. It is estimated that by 2050 Korea will be a super aged population. With aging population chronic diseases like obesity, cardiac problems and other are also on rise wherein the patient needs additional nutrition support.

Stringent government rules and regulations for labelling of dietary supplements impede the growth of market.


1. South Korea Dietary Supplements Market Overview…………………………
A. Market Size
2. Market Growth Drivers…………………………………………………….
A. Prevalence of Vitamins and Mineral Deficiency
B. Changing Lifestyles
C. Geriatric Population and Chronic Diseases
3. Epidemiology of Nutritional Deficiency Diseases………………………………..
A. Prevalence
B. Incidence
4. Dietary Supplements Market Segmentation…………………………………….
A. Ingredients
I. Vitamins
II. Calcium
III. Minerals
IV. Proteins and Amino Acids
V. Probiotics
VI. Red Ginseng
VII. Omega-3 Fatty Acids
VIII. Lutein
B. Application
I. General Health (Immunity)
II. Bone And Joint Health
III. Cardiac Health
IV. Gastrointestinal Health
V. Others
C. Form
I. Tablets
II. Capsules
III. Soft Gels
IV. Powders
V. Gummies
VI. Liquids
VII. Others
5. Dietary Supplements Products Market Share……………………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape……………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………….
A. Korea Ginseng Corporation Company Overview, Product & Services, Strategies & Financials
B. Amway Company Overview, Product & Services, Strategies & Financials
C. Korea Yakult Company Overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth……………………………………………
A. New Trends and Development of Dietary Supplements Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Ingredients:

On the basis of ingredients, the market is segmented into vitamins, calcium, minerals, proteins and amino acids, probiotics, red ginseng, omega-3 fatty acids, lutein.

The top five products, sales which were worth USD 2.71 billion, comprised 65 percent of the entire market in 2020. The top sellers included red ginseng, vitamins, probiotics, Omega-3 fatty acids, and lutein, among which sales of probiotics products soared to USD 0.58 billion won, up by 38.4 percent over the past two years. The market for lutein, a popular eye health supplement, expanded by 67.8 percent. Vitamins, on the contrary went down by 4.1 percent in 2019 and 2020. Calcium also dropped by 20 percent.

By Application:

According to clinical application market is segmented as general health (immunity), bone and joint health, cardiac health, gastrointestinal health, and others.

By Form:

According to the form of dietary supplements the market is segmented into tablets, capsules, soft gels, powders, gummies, liquids, and others.


Top Players

Major players operating in the dietary supplements market are Korea Ginseng Corporation, Amway, Korea Yakult, Korea Eundan, and Novarex. Other domestic players in market include Huons Natural, Well-being LS, Tobico Inc., MK Bio Science, Biogenics Korea, Mediogen, Alchemy, Hanmi Pharmaceuticals, and others.



Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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