Rising Priority towards Health and Wellness with inclining use of Probiotics to Foster Future Growth of Nutraceuticals Market in Korea: Ken Research

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Korea Ginseng Corporation and CJCJ are observed to dominate Korea dietary supplements,  and functional foods and beverages market respectively in 2016

By distribution channel, convenience stores dominated the Korea nutraceuticals market in year 2016

Health segment dominated the functional food and beverages market segment in Korea.

Probiotics are expected to drive the dietary supplements market in Korea

The people of Korea have been observed to show growing concern towards their health and fitness by giving first preference to organic foods and rising disposable incomes leading to higher purchasing power, thus making nutraceuticals supplements affordable in Korea. The Korean Nutraceuticals industry has experienced a stable growth which showcases that they are open to new products to improve and as well as to maintain health. Along with organic juices, new products were launched within Ready to Drink (RTD) tea segment. Woongjin Food launched a new product called “sky barley” drink (bottled and canned) catering to the needs of children. Additionally, Kwang Dong Pharm also introduced a new type of lemon green tea constituting several anti-oxidants for boosting up the immune system of an individual.

Furthermore, food safety and other issues such as GMOs, BSE and high presence of trans-fats in daily lifestyle are some of the major concerns that are driving consumer interest towards consumption of natural foods for staying fit. The development in Korea Nutraceuticals sector is also supported by a five year development plan which aims at increasing the market share for eco-friendly products. In accordance with EU-Korea equivalence arrangement, European companies are showing high potential in Asian markets like Korea through organic foods and beverages segment carrying EU organic certification label.

Ken Research in its latest study, Korea Nutraceuticals Market Outlook to 2021 suggested herbal supplements in dietary supplements segment will continue to dominate the market during the forecast period. 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.

Korea nutraceuticals market is likely to showcase growth at a steady pace during the forecast period owing to 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 report provided information on market size for Korea nutraceuticals market, Korea nutraceuticals market segmentations on the bases of dietary supplements, functional food & beverages and distribution channels, regulatory landscape, import and export scenario, trends and developments and competitive landscape.

Key Topics Covered in the Report:

Protein and Amino Acid Supplements Sales in Korea

Functional Foods Nutraceuticals and Medicines Korea

Korea Imported Nutraceutical Products

Korea Vitamin Supplement Market

Korea Market Growth Nutraceutical

Ginseng Sales in Korea

Korea Anti Oxidants Food Category Growth

Export Nutritional Supplements Korea

Omega 3 Fatty Acid Industry Size in Korea

For further information, kindly visit:

https://www.kenresearch.com/healthcare/pharmaceuticals/korea-nutritional-supplements-market/123858-91.html

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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

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