South Korea's Dietary Supplements Market on a Robust Growth Trajectory, Projected to Reach USD 10.77 Billion by 2030

The South Korea Dietary Supplements Market, valued at USD 3.63 billion in 2022, is poised for substantial expansion, projected to soar to USD 10.77 billion by 2030. This significant growth is underpinned by multiple factors, including South Korea's rapidly aging population, heightened health awareness, and the flourishing e-commerce sector.

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Healthy Aging for South Korea's Elderly Population: As one of the countries with the most rapidly aging populations worldwide, South Korea is experiencing remarkable demographic changes. The older working-age demographic (aged 50-64) is projected to peak in 2024, while the number of individuals aged 65 and above is expected to continue expanding until 2051. With the elderly population in South Korea crossing the nine-million mark in 2022 for the first time, there's an increasing demand for dietary supplements that can help individuals stay healthy and active in their later years.

Growing Health Consciousness: South Koreans are increasingly aware of the importance of preventive healthcare and overall well-being. This growing health consciousness is driving demand for dietary supplements as people actively seek ways to maintain their health and prevent diseases. South Koreans are proactively embracing the use of dietary supplements to support their health and vitality.

E-commerce Revolution: The South Korean dietary supplements market is further fueled by the remarkable growth of the e-commerce sector. With 99.7% of households having internet access via PC, mobile, or other devices, e-commerce is a cornerstone of the consumer market. In 2021, local online transactions surged to USD 168.5 billion, a significant increase from the USD 135.1 billion recorded in 2020. The high penetration of smartphones and personal computers contributes to this growth trend, offering consumers easy access to a wide range of dietary supplements.

Leading Players Shaping the Market: Key companies in the South Korea dietary supplements market, including SOLGAR KOREA INC, Yuhan Corporation, Amway, Herbal Life Co., Ltd, and Nu Skin Korea Co., Ltd, play pivotal roles in defining the industry landscape and addressing consumers' evolving needs.

Market Segment Analysis: The report provides in-depth analysis of market segments based on type and distribution channel, offering a comprehensive understanding of the South Korea dietary supplements market.

The South Korea dietary supplements market is in the midst of a transformative journey, driven by demographic shifts, rising health awareness, and the digital commerce revolution. With the market set for significant expansion, it is poised to provide consumers with a diverse array of options to support their health and well-being.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Dietary Supplements Market Highlights

2.2. Dietary Supplements Market Projection

2.3. Dietary Supplements Market Regional Highlights

Chapter 3. Global Dietary Supplements Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter`s Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Type

3.4.2. IGR-Growth Matrix Analysis by Distribution Channel

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Dietary Supplements Market

Chapter 4. Dietary Supplements Market Macro Indicator Analysis

Chapter 5. Company Profiles and Competitive Landscape

5.1. Competitive Landscape in the Global Dietary Supplements Market

5.2. Companies Profiles

5.2.1. Amway Corp.

5.2.2. Abbott

5.2.3. Bayer AG

5.2.4. Nature's Bounty

5.2.5. Nu Skin Enterprises

5.2.6. Herbalife International of America, Inc.

5.2.7. ADM

5.2.8. Glanbia PLC

5.2.9. American Health

5.2.10. Nature's Sunshine Products, Inc.

Chapter 6. Global Dietary Supplements Market by Type

6.1. Vitamins

6.2. Botanicals

6.3. Minerals

6.4. Proteins & Amino Acids

6.5. Fibers & Specialty Carbohydrates

6.6. Omega Fatty Acids

6.7. Others

Chapter 7. Global Dietary Supplements Market by Distribution Channel

7.1. Pharmacies & Drug Stores

7.2. Supermarkets & Hypermarkets

7.3. Online Channels

7.4. Others

Chapter 8. Global Dietary Supplements Market by Region 2023-2030

8.1. North America

8.1.1. North America Dietary Supplements Market by Type

8.1.2. North America Dietary Supplements Market by Distribution Channel

8.1.3. North America Dietary Supplements Market by Country

8.1.3.1. The U.S. Dietary Supplements Market

8.1.3.1.1. The U.S. Dietary Supplements Market by Type

8.1.3.1.2. The U.S. Dietary Supplements Market by Distribution Channel

8.1.3.2. Canada Dietary Supplements Market

8.1.3.2.1. Canada Dietary Supplements Market by Type

8.1.3.2.2. Canada Dietary Supplements Market by Distribution Channel

8.1.3.3. Mexico Dietary Supplements Market

8.1.3.3.1. Mexico Dietary Supplements Market by Type

8.1.3.3.2. Mexico Dietary Supplements Market by Distribution Channel

8.2. Europe

8.2.1. Europe Dietary Supplements Market by Type

8.2.2. Europe Dietary Supplements Market by Distribution Channel

8.2.3. Europe Dietary Supplements Market by Country

8.2.3.1. Germany Dietary Supplements Market

8.2.3.1.1. Germany Dietary Supplements Market by Type

8.2.3.1.2. Germany Dietary Supplements Market by Distribution Channel

8.2.3.2. United Kingdom Dietary Supplements Market

8.2.3.2.1. United Kingdom Dietary Supplements Market by Type

8.2.3.2.2. United Kingdom Dietary Supplements Market by Distribution Channel

8.2.3.3. France Dietary Supplements Market

8.2.3.3.1. France Dietary Supplements Market by Type

8.2.3.3.2. France Dietary Supplements Market by Distribution Channel

8.2.3.4. Italy Dietary Supplements Market

8.2.3.4.1. Italy Dietary Supplements Market by Type

8.2.3.4.2. Italy Dietary Supplements Market by Distribution Channel

8.2.3.5. Rest of Europe Dietary Supplements Market

8.2.3.5.1. Rest of Europe Dietary Supplements Market by Type

8.2.3.5.2. Rest of Europe Dietary Supplements Market by Distribution Channel

8.3. Asia Pacific

8.3.1. Asia Pacific Dietary Supplements Market by Type

8.3.2. Asia Pacific Dietary Supplements Market by Distribution Channel

8.3.3. Asia Pacific Dietary Supplements Market by Country

8.3.3.1. China Dietary Supplements Market

8.3.3.1.1. China Dietary Supplements Market by Type

8.3.3.1.2. China Dietary Supplements Market by Distribution Channel

8.3.3.2. Japan Dietary Supplements Market

8.3.3.2.1. Japan Dietary Supplements Market by Type

8.3.3.2.2. Japan Dietary Supplements Market by Distribution Channel

8.3.3.3. India Dietary Supplements Market

8.3.3.3.1. India Dietary Supplements Market by Type

8.3.3.3.2. India Dietary Supplements Market by Distribution Channel

8.3.3.4. South Korea Dietary Supplements Market

8.3.3.4.1. South Korea Dietary Supplements Market by Type

8.3.3.4.2. South Korea Dietary Supplements Market by Distribution Channel

8.3.3.5. Australia Dietary Supplements Market

8.3.3.5.1. Australia Dietary Supplements Market by Type

8.3.3.5.2. Australia Dietary Supplements Market by Distribution Channel

8.3.3.6. Rest of Asia-Pacific Dietary Supplements Market

8.3.3.6.1. Rest of Asia-Pacific Dietary Supplements Market by Type

8.3.3.6.2. Rest of Asia-Pacific Dietary Supplements Market by Distribution Channel

8.4. RoW

8.4.1. RoW Dietary Supplements Market by Type

8.4.2. RoW Dietary Supplements Market by Distribution Channel

8.4.3. RoW Dietary Supplements Market by Sub-region

8.4.3.1. Latin America Dietary Supplements Market

8.4.3.1.1. Latin America Dietary Supplements Market by Type

8.4.3.1.2. Latin America Dietary Supplements Market by Distribution Channel

8.4.3.2. Middle East Dietary Supplements Market

8.4.3.2.1. Middle East Dietary Supplements Market by Type

8.4.3.2.2. Middle East Dietary Supplements Market by Distribution Channel

8.4.3.3. Africa Dietary Supplements Market

8.4.3.3.1. Africa Dietary Supplements Market by Type

8.4.3.3.2. Africa Dietary Supplements Market by Distribution Channel

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of dietary supplements.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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