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 |
Dietary supplements was the largest segment with a revenue share of 95.93% in 2024. 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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