Shopping Cart 0
Cart Subtotal
USD 0

Korea Nutraceuticals Market Outlook to 2021 - Rising Trust over Herbal Ingredients with Increasing use of Ginseng in Functional Foods to Foster Future Growth

Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only.
Print Option: Yes
Copy Option: No
Deliverable Format : PDF Via Email

Single User License
USD 1100

Access to Printed Report; No Soft Copy
Print Option: N/A
Copy Option: N/A
Deliverable Format : Printed Publication/ Book by Post

Hard Copy License
USD 1600

Multiple Users within the Company/ Enterprise
Print Option: Yes
Copy Option: Yes
Deliverable Format : Excel, PDF Via Email

Corporate User License
USD 2200
  • Details
  • Table Of Content
  • Licence Rights
  • Section Purchase
  • Products and Companies

Details

The report titled "Korea Nutraceuticals Market Outlook to 2021 - Rising Trust over Herbal Ingredients with Increasing use of Ginseng in Functional Foods to Foster Future Growth" focuses on overall market size for Korea nutraceuticals market, market segmentations on the bases of dietary supplements, functional food & beverages and distribution channels, dietary supplements sub-segmentation by type of supplements, functional foods and beverages sub-segmentation by product category. The report also covers Government regulations for nutritional and dietary supplements in Korea, import and export scenarios of nutritional and dietary supplements in Korea, trends & developments in the market and competitive landscape of major players in Korea nutraceuticals market. The report concludes with market projection for future and analyst recommendation highlighting the major opportunities and cautions.

Korea Nutraceuticals Market Size
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 because of lesser or no side effects and their historical familiarity with herbal medicines. Additionally, the aging population of Korea and workaholic culture among people has resulted in various indigestive disorders in the country, which further demands for dietary supplements especially probiotics for digestion, driving the overall dietary supplements market in the country. 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 in year 2012, clearly advocating the high intake of dietary supplements and reason behind its dominating share.

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. In Korea, number of convenience stores have surpassed ~ in the year 2016. These stores responded well towards selling nutritional supplements in the market. 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. 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. 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.

Future Outlook and 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. 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:

  • Introduction to Korea Nutraceuticals Market
  • Korea Nutraceuticals market size, 2011-2016
  • Korea nutraceuticals market segmentation by Dietary Supplements, and Functional Foods & Beverages and Distribution channels
  • Dietary Supplements segmentation by type of supplements
  • Foods and Beverages Market Segmentation by Product Category
  • Regulatory Landscape of Korea
  • Competitive Landscape of Major Players in Korea Nutraceuticals Market
  • Import & Export Scenario of Nutritional and Dietary Supplements in Korea
  • Major Trends and developments
  • Analyst Recommendations
  • Korea Nutraceuticals Future Outlook and Projections, 2016-2021
READ MORE

Table Of Content

Scope

1. Executive Summary
Market Potential
Market Segmentation
Competitive Landscape
Future Outlook and Projections
2. Research Methodology
2.1. Market Definitions
2.2. Market Size and Modeling
Approach – Market Sizing
Interpretation and Proofreading:
Variables (Dependent and independent)
Multi Factor Based Sensitivity Model
Korea Nutraceuticals Market Final Conclusion
3. Korea Nutraceuticals Market Size, 2011-2016
4. Korea Nutraceutical Industry Market Segmentation, 2011-2016
4.1. By Dietary Supplements and Functional Foods and Beverages
4.1.1. Dietary Supplements, 2011-2016
4.1.2. By Functional Foods and beverages, 2011-2016
4.2. By Distribution Channel
5. Regulatory Framework for Nutritional and Dietary Supplements in Korea
6. Import and Export Scenario of Nutritional and Dietary Supplements in Korea
6.1. Imports of Nutritional and Dietary Supplements in Korea, 2011-2016
Import Duties
6.1.1. Segmentation of Imported Nutritional and Dietary Supplements in Korea, 2011-2016
6.2. Major Import Regulations
Food products not subject to notification
Inspection Procedure for Imported Goods
6.3. Exports of Nutritional and Dietary Supplements in Korea
6.3.1. Segmentation of Exported Nutritional and Dietary Supplements in Korea, 2011-2016
7. Trends and Developments
7.1. Increasing Priority towards Health and Wellness
7.2. Heightened use of Ginseng in Sports Nutrition Products
7.3. Growing Trust over Herbal/Traditional Ingredients
7.4. Rising Demand for Probiotic Supplements
8. Market Share of Major Players in Korea Nutraceutical Market, 2016
8.1. By Dietary Supplements Market, 2016
8.2. Functional Foods and Beverages Market Share, 2016
9. Company Profiles
9.1. Amway Korea
9.2. Yakult Korea
9.3. Korea Ginseng Corporation
9.4. CJ Cheiljedang
9.5. Daesang
10. Korea Nutraceutical Market Future Analysis, 2016-2021
10.1. Dietary Supplements
10.2. Functional Foods and Beverages
11. Analyst Recommendations
12. Macro-Economic Factors Impacting Korea Nutritional and Dietary Supplements Market
12.1. Aging Population
12.2. Healthcare Expenditure Per Capita
12.3. Obesity
12.4. Undernourished Population
Disclaimer
Contact Us


List Of Figure

Figure 3-1: Korea Nutraceuticals Market on the basis of Revenue in USD Million, 2011-2016
Figure 4-1: Korea Nutraceuticals Market Segmentation by Dietary Supplements and Functional Foods on the basis of Revenue in Percentage, 2011-2016
Figure 4-2: Korea Dietary Supplements Market Segmentation by Type of Supplements (Herbal Supplements, Vitamins and Minerals, Probiotics, Omega 3 Fatty Acids, Protein and Amino Acid Supplements and Others) on the basis of Revenue in Percentage, 2011-2016
Figure 4-3: Korea Functional Foods and Beverages Market Segmentation by Product Category (Health, Digestive, Energy Boosters, and Others) on the basis of Revenue in Percentage, 2011-2016
Figure 4-4: Korea Distribution Channel Market Segmentation by Distribution Channel (Convenience Stores, Mail Order Sales, Mass Merchandisers, Pharmacies, Door-to Door Sales, and Others) on the basis of Revenue in Percentage, 2016
Figure 5-1: Approval Procedure for Nutritional and Dietary Supplements in Korea
Figure 6-1: Approval Procedure for Nutritional and Dietary Supplements in Korea
Figure 8-1: Market Share of Major Players in Korea Dietary Supplements Market on the basis of Revenue in Percentage, 2016
Figure 8-2: Market Share of Major Players in Korea Functional Foods and Beverages Market on the basis of Revenue in Percentage, 2016
Figure 9-1: Financial Performance of Amway on the basis of Global Net Sales in USD Million, 2011-2016
Figure 9-2: Amway Financial Performance on the basis of Global Net Sales by Direct selling Activities in Percentage (%), 2016
Figure 9-3: Financial Performance of Yakult on the basis of Global Net Sales in USD million, 2012-2016
Figure 9-4: Financial Performance of Yakult on the basis of Global Net Sales by Business Segments in Percentage in Percentage (%), 2015
Figure 9-5: Korea Ginseng Corporation Value Chain
Figure 9-6: Financial Performance of CJ Cheiljedand on the basis of Global Net Sales in USD billion, 2014-2016
Figure 9-7: Global Sales Breakup of CJ Cheiljedand by Division Share in Percentage (%), 2016
Figure 9-8: Total Revenue Breakup of CJ Cheiljedand by Each Region in Percentage (%), 2016
Figure 9-9: Competitive Landscape of Daesang including Company Overview, USP, Business Strategies, Brands in Nutraceuticals, Best Selling Products, Emplyee Base, Key Personnel and Total Sales
Figure 10-1: Korea Nutraceutical Market Outlook and Future Projections on the basis of Revenue in USD Million, 2016-2021
Figure 10-2: Korea Nutraceutical Market Outlook and Future Projections by Dietary Supplements and Functional Foods and Beverages on the basis of Revenue in Percentage, 2016–2021
Figure 10-3: Korea Dietary Supplements Market Outlook and Future Projections on the basis of Revenue in USD Million, 2016–2021
Figure 10-4: Korea Dietary Supplements Market Outlook and Future Projections by Type of Supplements (Herbal Supplements, Vitamins and Minerals, Probiotics, Protein and Amino Acid Supplements, Omega 3 Supplements and Others) on the basis of Revenue in Percentage, 2016–2021
Figure 10-5: Korea Functional Foods and Beverages Market Outlook and Future Projections on the basis of Revenue in USD Million, 2016–2021
Figure 10-6: Korea Functional Foods and Beverages Market Outlook and Future Projections by Product Category (Health, Digestive, Energy Boosters, and Others) on the basis of Revenue in Percentage, 2016–2021
Figure 12-1: Korea Aging Population on the basis of people in Millions, 2011-2021
Figure 12-2: Korea Healthcare Expenditure per capita in USD, 2011-2021
Figure 12-3: Korea Obesity on the basis of people in Millions, 2011-2021
Figure 12-4: Korea Undernourished Population on the basis of people in Thousands, 2011-2021


List Of Table

Table 2-1: Product Map of Dietary Supplements Including Product Segment (Vitamins and Minerals, Herbal Supplements, Probiotics, Omega 3 Fatty Acids, Protein and Amino Acid and Others), Product Category, Product, Variants and Brands
Table 2-2: Product Map of Functional Foods and Beverages Including Product Segment (Health, Digestive, Energy Boosters and Others), Product Category, Product, Variants and Brands
Table 2-3: Correlation Matrix for Korea Nutraceuticals Market
Table 2-4: Regression Coefficients Output
Table 4-1: Korea Nutraceutical Market Segmentation by Dietary Supplements and Functional Foods and Beverages and Rationale for Revenue in USD Million, 2011-2016
Table 4-2: Korea Nutraceuticals Market Segmentation by Dietary Supplements and Functional Foods and Beverages on the basis of Revenue in USD Million, 2011-2016
Table 4-3: Korea Dietary Supplements Market Segmentation by Type of Supplements (Herbal Supplements, Vitamins and Minerals, Probiotics, Omega 3 Fatty Acids, Protein and Amino Acid Supplements and Others) and Rationale for Revenue, 2011-2016
Table 4-4: Korea Dietary Supplements Market Segmentation by Type of Supplements (Herbal Supplements, Vitamins and Minerals, Probiotics, Omega 3 Fatty Acids, Protein and Amino Acid Supplements and Others) on the basis of Revenue in USD Million, 2011-2016
Table 4-5: Korea Functional Foods and Beverages Market Segmentation by Product Category (Health, Digestive, Energy Boosters and Others) and Rationale for Revenue in USD Million, 2011-2016
Table 4-6: Korea Functional Foods and Beverages Market Segmentation by Product Category (Health, Digestive, Energy Boosters, and Others) on the basis of Revenue in USD Million, 2011-2016
Table 4-7: Korea Distribution Channel Market Segmentation by Distribution Channel (Convenience Stores, Mail Order Sales, Mass Merchandisers, Pharmacies, Door-to Door Sales and Others) and Rationale for Revenue in USD Million, 2016
Table 4-8: Korea Distribution Channel Market Segmentation by Distribution Channel (Convenience Stores, Mail Order Sales, Mass Merchandisers, Pharmacies, Door-to Door Sales, and Others) on the basis of Revenue in USD Millions, 2016
Table 5-1: Government Regulations for Nutritional and Dietary Supplements in Korea
Table 6-1: Average Import Duty Structure of Nutritional and Dietary Supplements in Korea in Percentage, 2015
Table 6-2: Korea Imported Nutritional and Dietary Supplements Market Segmentation by Type of Products on the basis of Value in USD Thousand, 2011-2016
Table 6-3: Korea Imported Nutritional and Dietary Supplements Market Segmentation by Type of Products on the basis of Sales Volume in Kgs, 2011-2016
Table 6-4: Import Regulations and Health Compliances Concerning Nutraceuticals in Korea
Table 6-5: Import Notification for Food and Other Goods in Korea Nutraceuticals Market
Table 6-6: Goods Import Practice Guidelines in Korea Nutraceuticals Market
Table 6-7: Korea Exported Nutritional and Dietary Supplements Market Segmentation by Type of Products on the basis of Value in USD Thousand, 2011-2016
Table 6-8: Korea Exported Nutritional and Dietary Supplements Market Segmentation by Type of Products on the basis of Sales Volume in Kgs, 2011-2016
Table 8-1: Market Share of Major Players in Korea Dietary Supplements Market and Rationale for Revenue in USD Million, 2016
Table 8-2: Market Share of Major Players in Korea Functional Foods and Beverages Market and Rationale on the basis of Revenue in USD Million, 2016
Table 9-1: Competitive Landscape of Amway Korea including Company Overview, USP, Business Strategies, Brands in Nutraceuticals, Best Selling Products, Distribution Channel, Employee Base and Key Personnel
Table 9-2: Product Portfolio of Amway Korea including Nutritional Supplement, Brand, Product Line, Product and Product Form
Table 9-3: Competitive Landscape of Yakult Korea including Company Overview, USP, Business Strategies, Best Selling Products, Global Production Plant, Global Production Capacity, Distribution Channel, Global Employee Base and Key Personnel
Table 9-4: Product Portfolio of Yakult Korea ncluding Nutritional Supplement, Type of Segment, Product Name and Product Form
Table 9-5: Competitive Landscape of Korea Ginseng Corporation including Company Overview, USP, Business Strategies, Brands in Nutraceuticals, Best Selling Products, New Products, Production Plant, Prizes and Certificates, Number of Factories, Employee Base, Key Personnel and Turnover
Table 9-6: Product Portfolio of Korea Ginseng Corporation including Nutritional Supplement, Product Line, Brand, Main Ingredient and Product Form
Table 9-7: Competitive Landscape of CJ Cheiljedang including Company Overview, USP, Business Strategies, Brands in Nutraceuticals, Best Selling Products, New Products, Number of Plants, Global Employee Base, Key Personnel and Total Global Sales
Table 9-8: Product Portfolio of CJ Cheiljedang HOPE Brand including Nutritional Supplement, Product Line, Brand, Ingredient and Product Form
Table 9-9: Product Portfolio of Daesang Wellife Products including Nutritional Supplement, Brand, Product Line and Product Form
Table 10-1: Future Drivers for Korea Nutraceutical Market, 2016-2021
Table 10-2: Korea Nutraceutical Market Outlook and Future Projections by Dietary Supplements and Functional Foods and Beverages on the basis of Revenue in USD Million, 2016–2021
Table 10-3: Korea Dietary Supplements Market Outlook and Future Projections by Type of Supplements (Herbal Supplements, Vitamins and Minerals, Probiotics, Protein and Amino Acid Supplements, Omega 3 Supplements and Others) on the basis of Revenue in USD Million, 2016–2021
Table 10-4: Korea Dietary Supplements Future Recommendations by Type of Supplements (Omega 3 Fatty Acids, Probiotics, Herbal Supplements, Vitamins and minerals, Protein and Amino Acids and others) on the basis of CAGR, 2016-2021
Table 10-5: Korea Functional Foods and Beverages Market Outlook and Future Projections by Product Category (Health, Digestive, Energy Boosters, and Others) on the basis of Revenue in USD Million, 2016–2021
Table 10-6: Korea Functional Foods and Beverages Future Recommendations by Product Category (Digestive, Health, Energy Boosters and Others) on the basis of CAGR, 2016-2021
Table 11-1: Recommendations for Korea Nutraceutical Market
Table 12-1: Rationale for Aging Population in Korea in Millions, 2011-2021
Table 12-2: Rationale for Healthcare Expenditure per capita in Korea in USD, 2011-2021
Table 12-3: Rationale for Obesity in Korea in Millions, 2011-2021
Table 12-4: Rationale for Undernourished Population in Korea in Millions, 2011-2021

Licence Rights

License Type Excel Only Single User Single User + Excel Hard Copy Corporate User License
User Sharing Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only. Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only. Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only. Access to Printed Report; No Soft Copy Multiple Users within the Company/ Enterprise
Print Option
Copy Option :Yes :No
Citation Yes (Not Publically; but to Private Parties within the company/ affiliate)
Deliverable Format :via Email :via Email ; :via Email Printed Publication/ Book by Post ; :via Email
Customization 20%
Analyst Time (Post Purchase Queries on Call/ Email)
Disclaimer : In no circumstance, the complete / part of the publication may be resold for monetary terms by the client or any other party related to the client or can be made available on third party website or on Google for general public view.

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

Products and Companies

Products

Functional Foods and Beverages, Dietary Supplements, Vitamins, Minerals, Herbal Supplements, Protein and Amino Acid Supplements, Probiotics, Omega 3 Fatty Acids, Health, Digestive, Energy Boosters


Companies

Korea Ginseng Corporation, Amway, Korea Yakult, Korea Eundan, Novarex, CJCJ, Daesang, Pulmonone, Lotte