
Consumer Health in South Korea
Description
Consumer Health in South Korea
Retail prices of OTC consumer health products are increasing due to inflation and rising supply costs, which is driving overall value sales in the local market. Due to the rising cost of food materials, supply, distribution, and overall inflation, prices of popular and commonly purchased OTC pain relief patches and herbal/traditional tonics are increasing in pharmacies. This is placing pressure on owners of pharmacies as the price increases are for popular and well-known products among local con...
Euromonitor International's Consumer Health in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2017-2021, allowing you to identify the sectors driving growth. Forecasts to 2026 illustrate how the market is set to change.
Product coverage: Allergy Care, Herbal/Traditional Products, OTC, Paediatric Consumer Health, Sports Nutrition, Vitamins and Dietary Supplements, Weight Management and Wellbeing.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Consumer Health market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Retail prices of OTC consumer health products are increasing due to inflation and rising supply costs, which is driving overall value sales in the local market. Due to the rising cost of food materials, supply, distribution, and overall inflation, prices of popular and commonly purchased OTC pain relief patches and herbal/traditional tonics are increasing in pharmacies. This is placing pressure on owners of pharmacies as the price increases are for popular and well-known products among local con...
Euromonitor International's Consumer Health in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2017-2021, allowing you to identify the sectors driving growth. Forecasts to 2026 illustrate how the market is set to change.
Product coverage: Allergy Care, Herbal/Traditional Products, OTC, Paediatric Consumer Health, Sports Nutrition, Vitamins and Dietary Supplements, Weight Management and Wellbeing.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Consumer Health market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
114 Pages
- Consumer Health in South Korea
- Euromonitor International
- October 2022
- List Of Contents And Tables
- CONSUMER HEALTH IN SOUTH KOREA
- EXECUTIVE SUMMARY
- Consumer health in 2022: The big picture
- 2022 key trends
- Competitive landscape
- Retailing developments
- What next for consumer health?
- MARKET INDICATORS
- Table 1 Consumer Expenditure on Health Goods and Medical Services: Value 2017-2022
- Table 2 Life Expectancy at Birth 2017-2022
- MARKET DATA
- Table 3 Sales of Consumer Health by Category: Value 2017-2022
- Table 4 Sales of Consumer Health by Category: % Value Growth 2017-2022
- Table 5 NBO Company Shares of Consumer Health: % Value 2018-2022
- Table 6 LBN Brand Shares of Consumer Health: % Value 2019-2022
- Table 7 Distribution of Consumer Health by Format: % Value 2017-2022
- Table 8 Distribution of Consumer Health by Format and Category: % Value 2022
- Table 9 Forecast Sales of Consumer Health by Category: Value 2022-2027
- Table 10 Forecast Sales of Consumer Health by Category: % Value Growth 2022-2027
- APPENDIX
- OTC registration and classification
- Vitamins and dietary supplements registration and classification
- Self-medication/self-care and preventive medicine
- Switches
- Summary 1 OTC: Switches 2021-2022
- DISCLAIMER
- DEFINITIONS
- SOURCES
- Summary 2 Research Sources
- ANALGESICS IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Unstable supply of acetaminophen, demand for Tylenol remains popular
- Pharmaceutical companies operating at 100% production capacity
- Solid growth for topical analgesics/anaesthetic driven by wide usage occasions
- PROSPECTS AND OPPORTUNITIES
- Demand for topical analgesics, including pain relief patches, to remain strong
- Further declines for systemic analgesics over forecast period
- Tylenol is expected to remain strong as many local consumers avoid biosimilar drugs
- CATEGORY DATA
- Table 11 Sales of Analgesics by Category: Value 2017-2022
- Table 12 Sales of Analgesics by Category: % Value Growth 2017-2022
- Table 13 NBO Company Shares of Analgesics: % Value 2018-2022
- Table 14 LBN Brand Shares of Analgesics: % Value 2019-2022
- Table 15 Forecast Sales of Analgesics by Category: Value 2022-2027
- Table 16 Forecast Sales of Analgesics by Category: % Value Growth 2022-2027
- COUGH, COLD AND ALLERGY (HAY FEVER) REMEDIES IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Early 2022 surge in demand for cough, cold and allergy (hay fever) remedies due to Omicron variant
- Government drives increase in production of cough and cold medicines
- Increasing number of consumers buy cough and cold medicines from convenience stores and small local grocers for greater convenience
- PROSPECTS AND OPPORTUNITIES
- Sales set to rise heading into forecast period due to greater out-of-home mobility
- Worsening environmental conditions to drive growth in allergy-related products
- Pharmaceutical companies plan to diversify their business as COVID-19 increasingly perceived as endemic
- CATEGORY DATA
- Table 17 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2017-2022
- Table 18 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2017-2022
- Table 19 NBO Company Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2018-2022
- Table 20 LBN Brand Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2019-2022
- Table 21 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2022-2027
- Table 22 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2022-2027
- DIGESTIVE REMEDIES IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Sales of digestive remedies increase due to reported effects of Omicron
- Domestic brands dominate fairly consolidated competitive landscape
- As social distancing measures are relaxed, pharmacies stock up on digestive remedies in preparation
- PROSPECTS AND OPPORTUNITIES
- Demand for laxatives set to continue to rise
- Demand for motion sickness expected to rise due to increase in travel
- Companies focus on marketing to reach MZ generation
- CATEGORY DATA
- Table 23 Sales of Digestive Remedies by Category: Value 2017-2022
- Table 24 Sales of Digestive Remedies by Category: % Value Growth 2017-2022
- Table 25 NBO Company Shares of Digestive Remedies: % Value 2018-2022
- Table 26 LBN Brand Shares of Digestive Remedies: % Value 2019-2022
- Table 27 Forecast Sales of Digestive Remedies by Category: Value 2022-2027
- Table 28 Forecast Sales of Digestive Remedies by Category: % Value Growth 2022-2027
- DERMATOLOGICALS IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Fierce competition for hair loss treatments
- Ongoing weak performers in the category but players look to new approach
- PROSPECTS AND OPPORTUNITIES
- Stagnating sales for mature dermatologicals over the forecast period
- Stable demand for topical germicidals/antiseptics, with category dominated by two strong players
- Rx sales of treatments for eczema expected to increase
- CATEGORY DATA
- Table 29 Sales of Dermatologicals by Category: Value 2017-2022
- Table 30 Sales of Dermatologicals by Category: % Value Growth 2017-2022
- Table 31 NBO Company Shares of Dermatologicals: % Value 2018-2022
- Table 32 LBN Brand Shares of Dermatologicals: % Value 2019-2022
- Table 33 LBN Brand Shares of Hair Loss Treatments: % Value 2019-2022
- Table 34 Forecast Sales of Dermatologicals by Category: Value 2022-2027
- Table 35 Forecast Sales of Dermatologicals by Category: % Value Growth 2022-2027
- NRT SMOKING CESSATION AIDS IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Further falling demand for NRT smoking cessation aids
- Fewer attempts to quit smoking due to lingering impact of pandemic
- Nicostop strengthens leadership
- PROSPECTS AND OPPORTUNITIES
- Decrease in demand for NRT smoking cessation aids likely to continue
- Alternative methods of quitting and smoking will hamper growth
- CATEGORY INDICATORS
- Table 36 Number of Smokers by Gender 2017-2022
- CATEGORY DATA
- Table 37 Sales of NRT Smoking Cessation Aids by Category: Value 2017-2022
- Table 38 Sales of NRT Smoking Cessation Aids by Category: % Value Growth 2017-2022
- Table 39 NBO Company Shares of NRT Smoking Cessation Aids: % Value 2018-2022
- Table 40 LBN Brand Shares of NRT Smoking Cessation Aids: % Value 2019-2022
- Table 41 Forecast Sales of NRT Smoking Cessation Aids by Category: Value 2022-2027
- Table 42 Forecast Sales of NRT Smoking Cessation Aids by Category: % Value Growth 2022-2027
- SLEEP AIDS IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Increasing number of consumers seeking better quality sleep
- Consumers concerned over side effects of prescribed sleep aids
- Lactium products challenging traditional sleep aids space
- PROSPECTS AND OPPORTUNITIES
- Number of sleep disorder patients expected to continue increasing, creating further growth opportunities for sleep aids
- Domestic player to retain domiance over forecast period
- Despite further demand for sleep aids, category likely to face challenges from alternative solutions
- CATEGORY DATA
- Table 43 Sales of Sleep Aids: Value 2017-2022
- Table 44 Sales of Sleep Aids: % Value Growth 2017-2022
- Table 45 NBO Company Shares of Sleep Aids: % Value 2018-2022
- Table 46 LBN Brand Shares of Sleep Aids: % Value 2019-2022
- Table 47 Forecast Sales of Sleep Aids: Value 2022-2027
- Table 48 Forecast Sales of Sleep Aids: % Value Growth 2022-2027
- EYE CARE IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Marginal volume growth for standard eye care despite early home seclusion and remote working
- Increasing demand for both prescription and OTC products but latter lags
- Eye care remains dominated by imports
- PROSPECTS AND OPPORTUNITIES
- Further positive growth for standard eye care, while consumers search for specific features
- Despite dominance of RX eye care, OTC likely to gain share
- Younger consumers increasingly interested in eye health
- CATEGORY DATA
- Table 49 Sales of Eye Care by Category: Value 2017-2022
- Table 50 Sales of Eye Care by Category: % Value Growth 2017-2022
- Table 51 NBO Company Shares of Eye Care: % Value 2018-2022
- Table 52 LBN Brand Shares of Eye Care: % Value 2019-2022
- Table 53 Forecast Sales of Eye Care by Category: Value 2022-2027
- Table 54 Forecast Sales of Eye Care by Category: % Value Growth 2022-2027
- WOUND CARE IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Demand for gauze, tape and other wound care improves as outdoor activities increase
- Expanded offer of household goods such as bandages and patches in convenience stores
- Hydrocolloid products becoming widely used
- PROSPECTS AND OPPORTUNITIES
- Rising demand for gauze, tape and other wound care in line with greater out-of-home mobility
- Wide distribution will continue to drive growth in wound care
- Diverse types of wound care emerging, adding value to category
- CATEGORY DATA
- Table 55 Sales of Wound Care by Category: Value 2017-2022
- Table 56 Sales of Wound Care by Category: % Value Growth 2017-2022
- Table 57 NBO Company Shares of Wound Care: % Value 2018-2022
- Table 58 LBN Brand Shares of Wound Care: % Value 2019-2022
- Table 59 Forecast Sales of Wound Care by Category: Value 2022-2027
- Table 60 Forecast Sales of Wound Care by Category: % Value Growth 2022-2027
- VITAMINS IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Heightened health awareness drives further demand for vitamin C, but vitamin B is gaining in popularity among local consumers
- Mini Ten Ten faces supply shortage, but sales are expected to increase in 2022
- Retail prices of vitamins sold by pharmacies increase
- PROSPECTS AND OPPORTUNITIES
- Preventive health and greater segmentation to drive further growth of vitamins
- Direct purchases from overseas online shopping platforms notably increase
- Korean retail conglomerates expanding services to capture growing demand for vitamins
- CATEGORY DATA
- Table 61 Sales of Vitamins by Category: Value 2017-2022
- Table 62 Sales of Vitamins by Category: % Value Growth 2017-2022
- Table 63 Sales of Multivitamins by Positioning: % Value 2017-2022
- Table 64 NBO Company Shares of Vitamins: % Value 2018-2022
- Table 65 LBN Brand Shares of Vitamins: % Value 2019-2022
- Table 66 Forecast Sales of Vitamins by Category: Value 2022-2027
- Table 67 Forecast Sales of Vitamins by Category: % Value Growth 2022-2027
- DIETARY SUPPLEMENTS IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Eye health supplements rise in line with increase in eye-related diseases
- Demand for fish oils/omega fatty acids remains strong
- Domestic brands Hi-Mune and Selecs retain dominance of protein supplements
- PROSPECTS AND OPPORTUNITIES
- Protein and probiotic supplements to drive growth but ginseng will remain popular
- Further growth potential of probiotic supplements likely to lead to new launches
- Korea Ginseng likely to regain lost share as restrictions relax
- CATEGORY DATA
- Table 68 Sales of Dietary Supplements by Category: Value 2017-2022
- Table 69 Sales of Dietary Supplements by Category: % Value Growth 2017-2022
- Table 70 Sales of Dietary Supplements by Positioning: % Value 2017-2022
- Table 71 NBO Company Shares of Dietary Supplements: % Value 2018-2022
- Table 72 LBN Brand Shares of Dietary Supplements: % Value 2019-2022
- Table 73 Forecast Sales of Dietary Supplements by Category: Value 2022-2027
- Table 74 Forecast Sales of Dietary Supplements by Category: % Value Growth 2022-2027
- WEIGHT MANAGEMENT AND WELLBEING IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Demand for weight management and wellbeing continues to strongly increase
- Vegan meal replacement gaining in popularity among MZ generation
- Direct selling players perform well due to active marketing
- PROSPECTS AND OPPORTUNITIES
- Further growth expected for meal replacement and wellbeing, while younger consumers increasingly attracted to convenience
- Expanding target audence of dynamic supplement nutrition drinks
- Retail e-commerce likely to further challenge direct selling
- CATEGORY DATA
- Table 75 Sales of Weight Management and Wellbeing by Category: Value 2017-2022
- Table 76 Sales of Weight Management and Wellbeing by Category: % Value Growth 2017-2022
- Table 77 NBO Company Shares of Weight Management and Wellbeing: % Value 2018-2022
- Table 78 LBN Brand Shares of Weight Management and Wellbeing: % Value 2019-2022
- Table 79 Forecast Sales of Weight Management and Wellbeing by Category: Value 2022-2027
- Table 80 Forecast Sales of Weight Management and Wellbeing by Category: % Value Growth 2022-2027
- SPORTS NUTRITION IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Dynamic growth for protein/energy bars, driven by convenience and flavour
- Rising competition from protein-focused products outside of sports nutrition
- Sports nutrition remains a consolidated competitive landscape with Dr You as most popular brand
- PROSPECTS AND OPPORTUNITIES
- Stronger growth potential for convenient sports nutrition formats
- Increasing interest in “healthy pleasure” to drive further demand for protein products in general
- Environmental awareness to drive rising demand for plant-based products
- CATEGORY DATA
- Table 81 Sales of Sports Nutrition by Category: Value 2017-2022
- Table 82 Sales of Sports Nutrition by Category: % Value Growth 2017-2022
- Table 83 NBO Company Shares of Sports Nutrition: % Value 2018-2022
- Table 84 LBN Brand Shares of Sports Nutrition: % Value 2019-2022
- Table 85 Forecast Sales of Sports Nutrition by Category: Value 2022-2027
- Table 86 Forecast Sales of Sports Nutrition by Category: % Value Growth 2022-2027
- HERBAL/TRADITIONAL PRODUCTS IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Improving demand for herbal/traditional tonics as social distancing measures are lifted
- Milk thistle loses popularity in South Korea
- Launch of new products from Cheong-Kwan-Jang drives growth of ginseng
- PROSPECTS AND OPPORTUNITIES
- Belief in Traditional Chinese Medicine will support sales of herbal/traditional options
- Potential price increases could hinder stronger demand
- Stable demand for herbal/traditional sleep aids due to resumption of busy lifestyles and heightened stress levels
- CATEGORY DATA
- Table 87 Sales of Herbal/Traditional Products by Category: Value 2017-2022
- Table 88 Sales of Herbal/Traditional Products by Category: % Value Growth 2017-2022
- Table 89 NBO Company Shares of Herbal/Traditional Products: % Value 2018-2022
- Table 90 LBN Brand Shares of Herbal/Traditional Products: % Value 2019-2022
- Table 91 Forecast Sales of Herbal/Traditional Products by Category: Value 2022-2027
- Table 92 Forecast Sales of Herbal/Traditional Products by Category: % Value Growth 2022-2027
- PAEDIATRIC CONSUMER HEALTH IN SOUTH KOREA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Increasing demand for paediatric vitamins and dietary supplements in line with preventive health trend
- Popular paediatric cough/cold remedies temporarily out of stock
- Korea Ginseng Corp retains overall leadership despite further loss of sales
- PROSPECTS AND OPPORTUNITIES
- Growth set to continue as parents are willing to spend on their children
- Despite marginal upturn in demand due to greater travel opportunities in 2022-2023, overall demand for paediatric motion sickness remedies will remain subdued
- Launch of new Tylenol analgesic format could revive brand’s sales
- CATEGORY DATA
- Table 93 Sales of Paediatric Consumer Health by Category: Value 2017-2022
- Table 94 Sales of Paediatric Consumer Health by Category: % Value Growth 2017-2022
- Table 95 Sales of Paediatric Vitamins and Dietary Supplements by Type: % Value 2017-2022
- Table 96 NBO Company Shares of Paediatric Consumer Health: % Value 2018-2022
- Table 97 LBN Brand Shares of Paediatric Consumer Health: % Value 2019-2022
- Table 98 Forecast Sales of Paediatric Consumer Health by Category: Value 2022-2027
- Table 99 Forecast Sales of Paediatric Consumer Health by Category: % Value Growth 2022-2027
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