Recently Released Market Study: South Korea Nutraceuticals Industry Outlook to 2017- Sales of Ginseng Products to Drive Revenues

New Pharmaceuticals research report from Ken Research is now available from Fast Market Research


Boston, MA -- (SBWire) -- 06/13/2014 --The report titled "South Korea Nutraceuticals Industry Outlook to 2017- Sales of Ginseng Products to Drive Revenues" provides a detailed analysis of the industry covering various aspects including market size in terms of revenues, market segmentation on the basis of ingredients, distribution channels and types of establishments and industry developments in the past. The report also includes competitive landscape and market share of the major players operating in the industry. The future projections are included to provide an insight on the prospects in the South Korea nutraceuticals market.

South Korea has been amongst the major nations for functional products in the Asia-Pacific market. The consumption of the functional food as well as the nutritional supplements in South Korea is primarily ingredient-oriented. Red Ginseng has been the major selling functional food and supplement ingredient in the country for several years and accounts for more than half of the market revenues. Apart from this, vitamin and mineral supplements, aloe and omega-3 fatty acids having also been gaining increasing market shares.

View Full Report Details and Table of Contents

The growth of the nutraceuticals industry in South Korea is largely supported by the historical familiarity with herbal medicines and growing consumption of fortified food for health benefits. Additionally, utilizing food as medicines and practice of preventive medicines has been a part of the culture. The supportive macroeconomic environment prevailing in the developed and a high income South Korean economy has helped to fortify the revenues of the nutraceuticals industry over the years. The country is also characterized by a comparatively low level of unemployment, although the current age structure predominantly features young population. In the next ten years, the proportion of old age people is expected to soar significantly. Additionally, the large metropolitan environment of Seoul and Busan has been considered ideal for selling of the nutraceuticals products by several companies.

The marketplace of the health functional food market in South Korea is inhabited by both the domestic and international players. However, as the Korean economy is trade-oriented, a significant percentage of the ingredients and food products are imported. People have developed growing affinity towards safe and healthy food, which has been evident from the surging demand for organic and functional food in the country.

Companies Mentioned in this Report: Herbalife, Amway, Korea Ginseng Corporation, Amore Pacific, Nu Skin Enterprises, CJ Group, Korea Yakult

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Pharmaceuticals research reports at Fast Market Research

You may also be interested in these related reports:

- Travel Intermediaries in South Africa to 2017: Market Databook
- The Future of Retailing in South Korea to 2017
- Latest Trends and Key Issues in the South African Retail Packaging Market - The outlook for primary packaging containers, closures and outers to 2017
- Travel Intermediaries in South Korea to 2017: Market Databook
- Travel and Tourism in South Africa to 2017
- The Future of Retailing in South Africa to 2017
- Travel and Tourism in South Korea to 2017
- Construction in South Africa - Key Trends and Opportunities to 2017
- Travel and Tourism in Singapore to 2017
- Home and Garden Products Retailing in South Africa: Databook to 2017

Media Relations Contact

Bill Thompson
Director of Marketing
Fast Market Research, Inc.

View this press release online at: