Dietary supplements in South Korea is set to maintain a similar retail current value CAGR in the forecast period to that seen in the review period. The category is maturing, both in terms of consumer education and product development.
In South Korea, several commonly consumed products, such as ginseng for older people, and folic acid for pregnant women, are frequently given as gifts for holidays, birthdays, or pregnancy. Until recently, if someone received a dietary supplement they could not use, there was no way to resell it.
The concept of “individually approved dietary supplements” was introduced by the Ministry of Food and Drug Safety (MFDS) in South Korea in 2004 as part of regulations aimed at modernising dietary supplements by controlling misleading advertisements and insufficient ingredient content. Two decades later, the share of individually approved ingredients has increased, while the number of standardised ingredients has decreased.
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Understand the latest market trends and future growth opportunities for the Dietary supplements industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Dietary supplements industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Dietary supplements
It is the aggregation of all dietary supplements: Minerals, fish oils/omega fatty acids, garlic, ginseng, ginkgo biloba, evening primrose oil, Echinacea, St John's Wort, protein supplements, probiotic supplements, eye health supplements, co-enzyme Q10, glucosamine, combination herbal/traditional supplements, non-herbal/traditional supplements, and all other dietary supplements specific to country coverage.
See All of Our DefinitionsThis report originates from Passport, our Dietary supplements research and analysis database.
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