South Korea Dietary Supplement Contract Manufacturing Market Size & Outlook
South Korea dietary supplement contract manufacturing market, 2018-2030 (US$M)
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South Korea dietary supplement contract manufacturing market highlights
- The South Korea dietary supplement contract manufacturing market generated a revenue of USD 1,917.9 million in 2023 and is expected to reach USD 4,514.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, proteins and amino acid supplements was the largest revenue generating product in 2023.
- Multivitamin, Multi-Mineral, and Antioxidant Supplements is the most lucrative product segment registering the fastest growth during the forecast period.
Dietary supplement contract manufacturing market data book summary
| Market revenue in 2023 | USD 1,917.9 million |
| Market revenue in 2030 | USD 4,514.9 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Proteins and amino acid supplements |
| Fastest growing segment | Multivitamin, Multi-Mineral, and Antioxidant Supplements |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Proteins and Amino Acid Supplements, Multivitamin, Multi-Mineral, and Antioxidant Supplements, Weight Management and Meal Replacer Supplements, Other Supplements |
| Key market players worldwide | Ashland Inc, Glanbia PLC, Lonza Group Ltd, Captek Softgel International, Catalent Inc, Burcon NutraScience Corp, Capgemini SE, Gemini Group Global Corp, DCC PLC, Nature's Brands, Trividia Manufacturing Solutions, Menadiona, Nutrivo, Gemini Pharmaceuticals, Rain Nutrience, Vantage Nutrition, LIQUIDCAPSULE Manufacturing, MPI Nutri Pharma |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.6% of the global dietary supplement contract manufacturing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China dietary supplement contract manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,631.1 million by 2030.
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Dietary Supplement Contract Manufacturing Market Scope
Dietary Supplement Contract Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea dietary supplement contract manufacturing 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 dietary supplement contract manufacturing market will help companies and investors design strategic landscapes.
Proteins and amino acid supplements was the largest segment with a revenue share of 35.16% in 2023. Horizon Databook has segmented the South Korea dietary supplement contract manufacturing market based on proteins and amino acid supplements, multivitamin, multi-mineral, and antioxidant supplements, weight management and meal replacer supplements, other supplements covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea has witnessed increased popularity for dietary supplements in recent years. This can be attributed to increasing consumer awareness about their health and various social media platforms & internet resources, which is a significant driver for the country's prospective economic expansion.
Moreover, the country has a developed retail infrastructure, including a robust network of supermarkets, convenience stores, and online platforms. These distribution channels provide easy access to various nutraceutical products.
The convenience & availability of these products contribute significantly to market growth, allowing consumers to purchase nutraceuticals conveniently and integrate them into their daily routines. Such factors are anticipated to propel the demand for dietary contract manufacturing services for new product innovations, further contributing to the growth of the nutraceuticals industry.
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Our clientele includes a mix of dietary supplement contract manufacturing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea dietary supplement contract manufacturing market, including forecasts for subscribers. This country databook contains high-level insights into South Korea dietary supplement contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea dietary supplement contract manufacturing market size, by product, 2018-2030 (US$M)
South Korea Dietary Supplement Contract Manufacturing Market Share, 2023 & 2030 (US$M)
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