South Korea Dietary Supplements Market to Grow with a CAGR of 7.05% through 2029
Increasing Health and Wellness Awareness and Rise of Lifestyle-Related
Health Issues are expected to drive the South Korea Dietary Supplements Market
growth in the forecast period, 2025-2029
According to TechSci Research report, “South Korea
Dietary Supplements Market – By Region, Competition, Forecast and Opportunities,
2029F”, the South Korea Dietary Supplements Market stood at USD 1175.25
Million in 2023 and is anticipated to grow with a CAGR of 7.05% in the forecast
period through 2029.
The South Korea Dietary Supplements Market is
experiencing notable growth driven by several key trends. One significant
factor is the increasing preference for plant-based diets, which is shifting
consumer demand towards supplements that align with these dietary choices.
Products derived from natural sources, such as herbal supplements and
plant-based proteins, are gaining traction as they cater to consumers seeking
plant-based alternatives.
Also, there is a growing interest in functional and
specialized supplements that offer targeted health benefits. Consumers are
actively seeking products that address specific health concerns, such as
improved digestion, enhanced immune function, and anti-aging properties. This
trend is fostering innovation and expansion in the market, leading to the
development of more tailored and effective supplement solutions.
Technological advancements are also playing a crucial
role in shaping the market. Innovations in biotechnology, including plant cell
culture and genetic engineering, are enabling the creation of high-quality,
bioavailable ingredients. These technological developments meet the rising
consumer demand for precise and effective supplements. The rise of e-commerce
and digital health platforms is further transforming the market. Online
shopping offers consumers greater convenience, access to a broader range of
products, and personalized recommendations, thereby enhancing market reach and
consumer engagement.
Government initiatives and support are another driving
force. The South Korean government's robust regulatory framework ensures
product safety and quality, which builds consumer trust and stimulates market
growth. Furthermore, government-led health and wellness campaigns raise
awareness about the benefits of dietary supplements, encouraging their adoption
as part of a healthy lifestyle. Economic factors also contribute to market
expansion. Increased disposable incomes allow consumers to invest more in
health and wellness products, including dietary supplements. As economic
conditions improve, consumers are more willing to spend on products that
support their health goals and enhance their quality of life. Additionally, a
shift towards health-conscious spending is evident, with consumers prioritizing
expenditures on health-related products, which drives further growth in the
dietary supplements market.
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The South Korea Dietary Supplements Market is
segmented into product type, form, application, end user, distribution channel,
regional distribution, and company.
Based on form, the capsules segment has emerged as
the predominant market leader, Capsules are favored for their convenience and
precise dosage, which aligns with the preferences of South Korean consumers who
value ease of use and reliable health management. The pre-measured dosage of
capsules eliminates the need for consumers to measure or mix supplements,
making them an attractive choice for busy lifestyles. This ease of consumption
contributes to their popularity and widespread use in the market. Capsules are
often designed to improve the absorption and bioavailability of active
ingredients. Advanced capsule technologies, such as those utilizing enteric
coatings or slow-release mechanisms, enhance the effectiveness of dietary
supplements by ensuring that ingredients are released at the optimal point in
the digestive tract. This technological advantage makes capsules a preferred
form for delivering a wide range of supplements, from vitamins and minerals to
herbal extracts.
The capsules segment benefits from continuous
innovation and product differentiation. Manufacturers are developing various
types of capsules, including soft gels, vegetarian capsules, and customized
formulations that cater to specific health needs. This innovation provides
consumers with a diverse range of options, increasing the appeal of capsules
over other forms of dietary supplements. Capsules are often perceived as a
premium and high-quality format in the dietary supplements market. The
established reputation of capsules for maintaining ingredient integrity and
efficacy contributes to consumer trust and preference. This perception supports
the dominance of the capsules segment, as consumers are more likely to choose
capsules for their perceived reliability and effectiveness.
Regulatory standards and quality assurance practices
in South Korea support the prominence of capsules in the market. Capsules are
subject to stringent manufacturing and quality control processes, which ensure
product safety and consistency. This regulatory oversight reinforces consumer
confidence in capsule-based supplements, further driving their market
dominance. Current consumer trends, such as the growing emphasis on health and
wellness, also drive the dominance of capsules. As consumers become more
health-conscious and seek reliable supplement options, the demand for capsules,
known for their convenience and effectiveness, increases. This trend aligns
with the broader market dynamics and contributes to the sustained growth of the
capsules segment.
Major companies operating in South Korea Dietary
Supplements Market are:
- Bayer Middle East FZE
- Nestlé Middle East FZE
- New Country Healthcare LLC
- Abbott Laboratories S.A.
- Ultramade Nutrition and beverages
Factory
- Quest Vitamins Middle East FZE
- MicroSynergy Pharmaceuticals FZCO
- Geltec Pharmacare FZCO
- Pharmatrade LLC
- Medysinal FZCO
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“the South Korea Dietary Supplements Market is
characterized by robust growth driven by evolving consumer preferences,
advancements in technology, and an increased focus on health and wellness. The
market’s expansion is supported by a rising demand for plant-based and
functional supplements, ongoing innovation in product formulations, and the
dominance of convenient forms such as capsules. Government initiatives and
economic factors further bolster market development, while challenges such as
regulatory complexities and market saturation require strategic navigation.
Companies that effectively leverage these dynamics and align with consumer
trends are well-positioned to capitalize on the opportunities within this
vibrant and expanding market”, said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based management consulting firm.
“South Korea Dietary Supplements Market, By
Product Type (Vitamin, Combination Dietary Supplement, Herbal Supplement, Fish
Oil & Omega Fatty Acid, Protein, Others), By Form (Tablets, Capsules,
Powder, Liquids, Soft Gels), By Application (Energy & Weight Management,
General Health, Bone & Joint Health, Immunity, Others), By End User
(Infants, Children, Adults, Pregnant Females, Geriatric), By Distribution
Channel (Pharmacies and Drug Stores, Supermarkets and Hypermarkets, Online,
Others), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of South
Korea Dietary Supplements Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in South Korea
Dietary Supplements Market.
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