South Korea Menopause Market Size & Outlook, 2022-2030
South Korea menopause market, 2018-2030 (US$M)
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South Korea menopause market highlights
- The South Korea menopause market generated a revenue of USD 375.8 million in 2022 and is expected to reach USD 606.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.2% from 2023 to 2030.
- In terms of segment, dietary supplements was the largest revenue generating treatment in 2022.
- Dietary Supplements is the most lucrative treatment segment registering the fastest growth during the forecast period.
Menopause market data book summary
| Market revenue in 2022 | USD 375.8 million |
| Market revenue in 2030 | USD 606.2 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Dietary supplements |
| Fastest growing segment | Dietary Supplements |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OTC pharma products, Dietary Supplements |
| Key market players worldwide | Bayer AG, AbbVie Inc, Abbott Laboratories, Nestle SA, Dr Reddy's Laboratories Ltd ADR, Theramex, Rainbow Light Nutritional Systems, Padagis |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global menopause market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China menopause 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 1,632.2 million by 2030.
Dietary supplements was the largest segment with a revenue share of 95.93% in 2022. Horizon Databook has segmented the South Korea menopause market based on otc pharma products, dietary supplements covering the revenue growth of each sub-segment from 2018 to 2030.
Around 70% of Korean women experience hot flashes, making it the most commonly experienced symptom. 60% of women experiencing hot flashes reported experiencing the symptom prior to onset of menopause. Manufacturers are adopting patented technologies for the development of supplements.
In January 2021, Korea Yakult launched fermented red ginseng to improve the immune system and ease menopausal symptoms in middle-aged women. The red ginseng fermentation was performed using a technology patented in 2019. Increasing the availability of products can help meet the growing demand for dietary supplements in the country.
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Menopause Market Scope
Menopause Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea menopause market size, by treatment, 2018-2030 (US$M)
South Korea Menopause Market Outlook Share, 2022 & 2030 (US$M)
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