South Korea Mineral Supplements Market Size & Outlook
South Korea mineral supplements market, 2018-2030 (US$M)
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South Korea mineral supplements market highlights
- The South Korea mineral supplements market generated a revenue of USD 662.8 million in 2023 and is expected to reach USD 972.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, calcium was the largest revenue generating product in 2023.
- Calcium is the most lucrative product segment registering the fastest growth during the forecast period.
Mineral supplements market data book summary
| Market revenue in 2023 | USD 662.8 million |
| Market revenue in 2030 | USD 972.3 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Calcium |
| Fastest growing segment | Calcium |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Dassault Systemes SE, Herbalife Ltd, Sanofi SA, Amway Malaysia Holdings, Bayer AG, Otsuka Pharmaceutical, DSM, Nu Skin Enterprises Inc Class A, Omega Protein, Bio-Botanica |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.1% of the global mineral 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 mineral supplements 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 2,362.1 million by 2030.
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Mineral Supplements Market Scope
Mineral Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea mineral 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 mineral supplements market will help companies and investors design strategic landscapes.
Calcium was the largest segment with a revenue share of 45.58% in 2023. Horizon Databook has segmented the South Korea mineral supplements market based on calcium, magnesium, iron, potassium, zinc, chromium, selenium covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea mineral supplements market is expected to exhibit lucrative growth due to various strategic initiatives undertaken by local players & international companies. Major supplement providers and retailers are expanding their presence across the country.
For instance, in August 2021, the Vitamin Shoppe, a major retailer of mineral supplements, expanded in South Korea with the launch of e-commerce business & digital storefronts on 20 leading online marketplaces countrywide. Such strategies undertaken by major players are anticipated to drive the country's market for mineral supplements in the coming years.
Furthermore, the rising prevalence of bone-related issues is expected to boost the demand for supplements that can be used for joint, muscle, or bone health. The study published by the National Library Of Medicine in November 2020 found that around 47.9% of adults in Korea aged ≥50 had a bone disease, osteoporosis. Moreover, numerous supplement providers offer mineral supplements for supporting bone, muscle, and joint health.
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Our clientele includes a mix of mineral supplements 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 mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into South Korea mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea mineral supplements market size, by product, 2018-2030 (US$M)
South Korea Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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