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

  • ID: 4412697
  • Report
  • Region: South Korea
  • 83 pages
  • Ken Research Private Limited
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FEATURED COMPANIES

  • Amway
  • CJCJ
  • Daesang
  • Korea Eundan
  • Korea Ginseng Corporation
  • Korea Yakult
  • MORE
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.

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
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amway
  • CJCJ
  • Daesang
  • Korea Eundan
  • Korea Ginseng Corporation
  • Korea Yakult
  • MORE
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 , 2011-2021
12.1. Aging Population
12.2. Healthcare Expenditure Per Capita
12.3. Obesity
12.4. Undernourished Population

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List Of Figures
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 Tables
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
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  • Korea Ginseng Corporation
  • Amway
  • Korea Yakult
  • Korea Eundan
  • Novarex
  • CJCJ
  • Daesang
  • Pulmonone
  • Lotte
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