South Korea Gummy Market Size & Outlook, 2023-2030
South Korea gummy market, 2018-2030 (US$M)
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South Korea gummy market highlights
- The South Korea gummy market generated a revenue of USD 237.2 million in 2023 and is expected to reach USD 696.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.6% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- CBD/CBN is the most lucrative product segment registering the fastest growth during the forecast period.
Gummy market data book summary
| Market revenue in 2023 | USD 237.2 million |
| Market revenue in 2030 | USD 696.6 million |
| Growth rate | 16.6% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | CBD/CBN |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Minerals, Carbohydrates, Omega Fatty Acids, Proteins & Amino Acids, Probiotics & Prebiotics, Dietary Fibers, CBD/CBN, Psylocybin/Psychedelic Mushroom, Melotonin |
| Key market players worldwide | Procaps Group SA, Catalent Inc, NutraStar, Santa Cruz Nutritionals, Amapharm, Allseps, Boscogen, Better Nutritionals, Prime Health, AJES Pharmaceuticals, Lactonova, SMP Nutra, Superior Supplement Manufacturing, Well Aliments, Supplement Factory |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global gummy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China gummy 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 968.8 million by 2030.
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Gummy Market Scope
Gummy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea gummy 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 gummy market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 26.52% in 2023. Horizon Databook has segmented the South Korea gummy market based on vitamins, minerals, carbohydrates, omega fatty acids, proteins & amino acids, probiotics & prebiotics, dietary fibers, cbd/cbn, psylocybin/psychedelic mushroom, melotonin covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea has a fast-paced and competitive society, leading to high levels of stress and pressure among individuals. There is a greater emphasis on self-care and preventive health measures to cope with these challenges.
Supplements are seen as a proactive way to support one's health and vitality, providing essential nutrients that may be lacking in the diet due to busy lifestyles or dietary preferences. In addition, South Korea has an aging population, with a significant proportion reaching retirement age.
This demographic shift has fueled interest in supplements as a means of promoting healthy aging and maintaining quality of life in later years. The influence of traditional Korean medicine, which emphasizes the importance of preventive health and natural remedies, has also contributed to the popularity of supplements in South Korea.
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Target buyers of South Korea gummy market databook
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Our clientele includes a mix of gummy 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 gummy market , including forecasts for subscribers. This country databook contains high-level insights into South Korea gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea gummy market size, by product, 2018-2030 (US$M)
South Korea Gummy Market Outlook Share, 2023 & 2030 (US$M)
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