Sleep Aids in South Korea

October 2021
USD 1,195
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Overview:

Understand the latest market trends and future growth opportunities for the Sleep Aids 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 Sleep Aids 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.

The Sleep Aids in South Korea report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Sleep Aids in South Korea?
  • Which are the leading brands in Sleep Aids in South Korea?
  • How are products distributed in Sleep Aids in South Korea?
  • How has the regulatory and operating environment for Sleep Aids changed in South Korea?
  • How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Sleep Aids
  • How significant are wider health concerns and consumer awareness in determining sales?
  • Where is future growth expected to be most dynamic?

Sleep Aids in South Korea - Category analysis

KEY DATA FINDINGS

2021 DEVELOPMENTS

Growth is maintained due to the stress and anxiety caused by COVID-19
Competition from products within and outside consumer health hampers growth
Domestic player leads, but the share of “others” grows

PROSPECTS AND OPPORTUNITIES

Solid growth, as consumers understand the importance of good sleep
Challenge from more natural and Rx solutions
Herbal products will continue to lead, but standard products set to gain traction

CATEGORY DATA

Table 1 Sales of Sleep Aids: Value 2016-2021 Table 2 Sales of Sleep Aids: % Value Growth 2016-2021 Table 3 NBO Company Shares of Sleep Aids: % Value 2017-2021 Table 4 LBN Brand Shares of Sleep Aids: % Value 2018-2021 Table 5 Forecast Sales of Sleep Aids: Value 2021-2026 Table 6 Forecast Sales of Sleep Aids: % Value Growth 2021-2026

Consumer Health in South Korea - Industry Overview

EXECUTIVE SUMMARY

Consumer health in 2021: The big picture
2021 key trends
Competitive landscape
Retailing developments
What next for consumer health?

MARKET INDICATORS

Table 7 Consumer Expenditure on Health Goods and Medical Services: Value 2016-2021 Table 8 Life Expectancy at Birth 2016-2021

MARKET DATA

Table 9 Sales of Consumer Health by Category: Value 2016-2021 Table 10 Sales of Consumer Health by Category: % Value Growth 2016-2021 Table 11 NBO Company Shares of Consumer Health: % Value 2017-2021 Table 12 LBN Brand Shares of Consumer Health: % Value 2018-2021 Table 13 Distribution of Consumer Health by Format: % Value 2016-2021 Table 14 Distribution of Consumer Health by Format and Category: % Value 2021 Table 15 Forecast Sales of Consumer Health by Category: Value 2021-2026 Table 16 Forecast Sales of Consumer Health by Category: % Value Growth 2021-2026

APPENDIX

OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches

DISCLAIMER

DEFINITIONS

SOURCES

Summary 1 Research Sources

Sleep Aids

These aids include combinations of active ingredients (e.g. diphenhydramine + acetaminophen) and single ingredient (e.g. doxylamine succinate). Herbal remedies made with valerian root, passionflower, and others, are included. This category also tracks melatonin products - a hormone, even if they are classified as a dietary supplement in some countries.

See All of Our Definitions
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Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This report originates from Passport, our Sleep Aids research and analysis database.

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