South Korea Bone And Joint Health Supplements Market Size & Outlook
South Korea bone and joint health supplements market, 2018-2030 (US$M)
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South Korea bone and joint health supplements market highlights
- The South Korea bone and joint health supplements market generated a revenue of USD 93.8 million in 2023 and is expected to reach USD 154.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- Glucosamine is the most lucrative product segment registering the fastest growth during the forecast period.
Bone and joint health supplements market data book summary
| Market revenue in 2023 | USD 93.8 million |
| Market revenue in 2030 | USD 154.9 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Glucosamine |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Minerals, Collagen, Omega-3, Glucosamine |
| Key market players worldwide | Herbalife Ltd, GNC, The Bountiful Company, Amway Malaysia Holdings, Basf SE, Bayer AG, Glanbia PLC, NOW Foods |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global bone and joint health supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bone and joint health supplements market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 346.9 million by 2030.
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Bone And Joint Health Supplements Market Scope
Bone And Joint Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea bone and joint health supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bone and joint health supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 28.04% in 2023. Horizon Databook has segmented the South Korea bone and joint health supplements market based on vitamins, minerals, collagen, omega-3, glucosamine covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, sales of vitamins and minerals registered strong growth in 2022. The elderly population is focusing on adopting nutritional supplements, which are specifically tailored for maintaining a healthy and quality life.
Consumers have become aware of healthy aging and disease prevention with rise in bone health & mobility concerns. As a result, the demand for nutritional supplements related to maintaining healthy bones is increasing.
Furthermore, growing adoption of a sedentary lifestyle has led to weight gain and joint stiffness. As a result, a large percentage of consumers opt for supplements with fast-acting ingredients. Thus, the use of traditional ingredients such as chondroitin & glucosamine is reducing, and newer ingredients like curcumin & collagen are gaining traction.
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Target buyers of South Korea bone and joint health supplements market databook
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Our clientele includes a mix of bone and joint health supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea bone and joint health supplements market, including forecasts for subscribers. This country databook contains high-level insights into South Korea bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea bone joint health supplements market report size, by product, 2018-2030 (US$M)
South Korea Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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