South Korea Nutritional Supplements Market Size & Outlook
South Korea nutritional supplements market, 2018-2030 (US$M)
Related Markets
South Korea nutritional supplements market highlights
- The South Korea nutritional supplements market generated a revenue of USD 16,648.8 million in 2023 and is expected to reach USD 25,102.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, functional foods and beverages was the largest revenue generating product in 2023.
- Sports Nutrition is the most lucrative product segment registering the fastest growth during the forecast period.
Nutritional supplements market data book summary
| Market revenue in 2023 | USD 16,648.8 million |
| Market revenue in 2030 | USD 25,102.7 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Functional foods and beverages |
| Fastest growing segment | Sports Nutrition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Nutrition, Fat Burners, Dietary Supplements, Functional Foods and Beverages |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Herbalife Ltd, Amway Malaysia Holdings, PepsiCo Inc, Clif Bar, Science in Sport, THG PLC Ordinary Share, Chesnara PLC |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.1% of the global nutritional 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 nutritional 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 60,420.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Nutritional Supplements Market Scope
Nutritional Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea nutritional 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 nutritional supplements market will help companies and investors design strategic landscapes.
Functional foods and beverages was the largest segment with a revenue share of 55.81% in 2023. Horizon Databook has segmented the South Korea nutritional supplements market based on sports nutrition, fat burners, dietary supplements, functional foods and beverages covering the revenue growth of each sub-segment from 2018 to 2030.
Consumers in South Korea prefer herbal or plant-based ingredients, which is expected to propel the demand for plant-based nutritional supplements in the country. Ginseng is increasingly being used in sports nutrition products.
The demand for probiotics supplements is high in the country owing to their significant benefits. Growing trend of personalized nutrition is also one of the significant factors contributing to the market growth of nutritional supplements in South Korea.
For instance, in October 2022, Hologram Sciences, a company specializing in personalized nutrition, and Maeil Health Nutrition formed a strategic partnership to provide personalized nutrition solutions to the Korean market. The country's geriatric population is growing.
Reasons to subscribe to South Korea nutritional supplements market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea nutritional supplements market databook
-
Our clientele includes a mix of nutritional supplements market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into South Korea nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea nutritional supplements market
South Korea Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
South Korea nutritional supplements market
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
