Korea Nutraceuticals Market Future Outlook to 2021: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Is Korea Nutraceuticals Market Positioned? The overall nutraceuticals industry of Korea generated revenue worth USD ~ million in 2016. The market recorded growth at a CAGR of ~% inclining from USD ~ million in the year 2011. Priority towards health and wellness with the help of nutritional products has amplified demand for nutraceuticals in Korea during this period. Red ginseng has been observed as one of the major supplements sold in the Korean nutraceuticals market, which is consumed with the aim to strengthen the body’s ability to fight off infections, improve sexual performance and overall quality of life. Tendency to work for longer shifts and spending more than average annual hours on work has accentuated the requirement to adopt a healthy lifestyle in Korea. Korean consumers strongly consider that the regular use of dietary supplements create a positive impact on their health and hence, driving the overall market. By Dietary Supplements, and Functional Foods and Beverages: Dietary supplements dominated the Korea nutraceuticals industry with revenue share of ~% in 2016. The growth behind dietary supplements market is largely supported by increasing trust over herbal or traditional ingredients. With the growing demand for healthy lifestyle among the Korean population, people prefer to choose herbal category products over non-herbal products. The intake rate of dietary supplements in Korea was recorded in between ~% to ~% in adults and in between ~% to ~% in children between one to six years old. By Distribution Channel: Convenience stores segment dominated the Korea nutraceuticals sector’s distribution network with revenue share of ~%, thus generating revenue worth USD ~ million in 2016. Availability of convenience stores in walkway distance from any place in Korea is the major reason responsible for high revenue share. Other major distribution channels include mass merchandisers, door-to-door sales, pharmacies, and mail orders. Dietary Supplements Segmentation by Type of Supplements Herbal supplements dominated the Korea nutraceuticals market with segment capturing revenue share of ~% in 2016. The preferred public interest towards herbal products being non-toxic in nature and their availability at affordable prices results in high demand for herbal supplements in Korea dietary supplements industry. The people in Korea are observed to consume herbal supplements for various diseases like obesity to chronic disease like erectile dysfunction. Vitamins and minerals follow herbal supplements with market share of ~% in 2016. The use of vitamins and minerals segment is increasingly witnessed among the teenage population to boost up their immune system. In Korea, regular selling vitamins and minerals supplements constituted vitamin A, vitamin C and vitamin D. Functional Foods and Beverages Market Segmentation by Food Category Health segment dominated the functional food and beverages market with a revenue share worth ~% in Korea functional foods and beverages market in year 2016. It is witnessed that in the estimated time period of six years from 2011 to 2016, Korea has developed a busy working lifestyle involving long working duration per year. This does not allow people to work out properly or take sleep in required quantity, resulting in weak immune system, which boosts demand for extra nutrition in form of nutraceuticals, hence driving the market. Energy boosters segment followed the health functional foods with revenue share of ~% in 2016. Sports drinks with energy boosters with major ingredients such as ginseng or green tea and the energy boosters in form of herbal processed foods are observed to be majorly driving the Korean energy boosters market. Competitive Landscape Korea Ginseng Corporation dominated the Korea dietary supplements market by capturing revenue share worth ~% in 2016 majorly due to high demand for Korean red ginseng extract plus, Korean red ginseng tonic, women’s balance tonic and energetic tonics in Korea. Amway, Korea Yakult, Korea Eundan, and Novarex are other major players operating in the market. However, CJCJ dominated the Korea functional foods and beverages market by capturing ~% revenue share in the year 2016. Company’s strategically launch of functional foods specific for one therapeutic area has resulted in high revenue share of the company in the market. Company’s brand “Fat Down” is one of the major examples of such launch which was launched with the aim of reducing body fat. Similarly, the company launched ‘Functional Cooked Rice’ for who are suffering from congenital metabolic disease that requires a diet with a strict protein intake. Daesang, Pulmonone, and Lotte are other major players operating in the market with revenue shares in decreasing order. Korea Nutraceuticals Market Future Outlook & Projections Korea nutraceuticals market is likely to witness a growth at a CAGR of ~% during the forecast period of four years from 2016 to 2019 owning to the increase in the fast aging rate of population of Korea. It is estimated that the most of the Koreans spend their leisure time in watching TV, resting and playing games on the internet, resulting in rapid aging effects. The per capita expenditure towards healthcare has also been one of the major driving forces for growing nutraceuticals market in Korea. The rising disposable income amongst the Korean population tends to consume more towards health supplements. Apart from health-improving nutritional supplements, there is an increasing demand for herbal supplements, fiber supplements and probiotics in Korea, which are aiming to cure high prevalence of obesity and cardiovascular problems in near future. Key Topics Covered in the Report: Korea Ginseng Market Korea Functional Food Industry Blackmores Vitamins and Supplements Korea Ginseng Sales in Korea For further information, kindly visit: https://www.kenresearch.com/healthcare/pharmaceuticals/korea-nutritional-supplements-market/123858-91.html Related Reports by Ken Research https://www.kenresearch.com/healthcare/pharmaceuticals/asia-pacific-nutraceuticals-market-report/118296-91.html https://www.kenresearch.com/healthcare/pharmaceuticals/china-nutritional-supplements-market/123729-91.html https://www.kenresearch.com/healthcare/pharmaceuticals/australia-nutraceuticals-market-report/121465-91.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Blackmores Vitamins and Supplements Korea, Competition in Korea Nutritional Supplement, Digestive Food Market Growth in Korea, Export Nutritional Supplements Korea, Functional Foods Nutraceuticals and Medicines Korea, Future Functional Food Nutraceutical Products Korea, Future Korea Nutraceutical, Ginseng Sales in Korea, Herbal Supplements Market in Korea, Herbalife Performance in Korea, Korea Anti Oxidants Food Category Growth, Korea Dietary Supplements Market Trends, Korea Functional Beverage Market, Korea Functional Food Industry, Korea Ginseng Market, Korea Imported Nutraceutical Products, Korea Market Growth Nutraceutical, Korea New Developments in Herbal Supplements Market, Korea Nutraceutical Market, Korea Nutritional Supplements Market Competition, Korea Swisse Wellness Nutrition Multi Vitamin Brand, Korea Vitamin Supplement Market, Licorice Medicine Sales in Korea, Nutritional Supplement Drinks Korea, Omega 3 Fatty Acid Industry Size in Korea, Probiotic Nutrition Market Korea, Protein and Amino Acid Supplements Sales in Korea, Vitamins and Dietary Supplements in Korea
