Country Report

Weight Management in

Weight Management and Wellbeing in South Korea

Nov 2020

US$990

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Executive Summary

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2020 IMPACT

COVID-19 leads to a decline in exercise, with some consumers relying on meal replacement products as a solution to weight gain

The outbreak of COVID-19 led to consumers avoiding the gym, with less outdoor activity encouraged, leading to a proportion of people in the country gaining weight. As such, many consumers turned to meal replacement products during 2020, when exercise options became limited.

Weight loss supplements and slimming tea are declining; however, older consumers buy supplement nutrition drinks to help against the COVID-19 virus

Weight loss supplement and slimming tea are both set to record negative growth in 2020. G Market, a popular e-commerce platform, announced that during February and March 2020, sales of slimming teas and RTD weight management products declined by 40-60%.

Players launch products and social media strategies to support consumers during the outbreak of COVID-19

Weight management and wellbeing is led by direct selling player Herbalife in 2020. However, a wide range of players is now notable on the landscape, including packaged food companies and start-ups.

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Weight Management Market Sample Report Weight Management Market Sample Data

Overview

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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.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Weight Management industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Weight Management industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Weight Management in South Korea market research report includes:

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

Our market research reports answer questions such as:

What is the market size of Weight Management in South Korea?
What are the major brands in South Korea?
What is the market size of Weight Management in South Korea?
What are the major brands in South Korea?
Do consumers prefer appetite suppressants, blockers, burners, or craving suppressants?
Are slimming teas popular in South Korea?

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 industry report originates from Passport, our Consumer Health market research database.

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Weight Management and Wellbeing in South Korea - Category analysis

KEY DATA FINDINGS

2020 IMPACT

COVID-19 leads to a decline in exercise, with some consumers relying on meal replacement products as a solution to weight gain

Weight loss supplements and slimming tea are declining; however, older consumers buy supplement nutrition drinks to help against the COVID-19 virus

Players launch products and social media strategies to support consumers during the outbreak of COVID-19

RECOVERY AND OPPORTUNITIES

Weight management and wellbeing records ongoing steady growth across the forecast period, driven by supplement nutrition drinks

The negative reputation of weight loss supplements will stifle growth for the products across the forecast period

Meal replacement struggles to record positive value growth over the forecast period, with consumers preferring to eat well and take supplements

CATEGORY DATA

Table 1 Sales of Weight Management and Wellbeing by Category: Value 2015-2020
Table 2 Sales of Weight Management and Wellbeing by Category: % Value Growth 2015-2020
Table 3 NBO Company Shares of Weight Management and Wellbeing: % Value 2016-2020
Table 4 LBN Brand Shares of Weight Management and Wellbeing: % Value 2017-2020
Table 5 Forecast Sales of Weight Management and Wellbeing by Category: Value 2020-2025
Table 6 Forecast Sales of Weight Management and Wellbeing by Category: % Value Growth 2020-2025

Consumer Health in South Korea - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer health

COVID-19 country impact

Company response

Retailing shift

What next for consumer health?

MARKET INDICATORS

Table 7 Consumer Expenditure on Health Goods and Medical Services: Value 2015-2020
Table 8 Life Expectancy at Birth 2015-2020

MARKET DATA

Table 9 Sales of Consumer Health by Category: Value 2015-2020
Table 10 Sales of Consumer Health by Category: % Value Growth 2015-2020
Table 11 NBO Company Shares of Consumer Health: % Value 2016-2020
Table 12 LBN Brand Shares of Consumer Health: % Value 2017-2020
Table 13 Distribution of Consumer Health by Format: % Value 2015-2020
Table 14 Distribution of Consumer Health by Format and Category: % Value 2020
Table 15 Forecast Sales of Consumer Health by Category: Value 2020-2025
Table 16 Forecast Sales of Consumer Health by Category: % Value Growth 2020-2025

Megatrends

Country Report

Weight Management and Wellbeing in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

COVID-19 leads to a decline in exercise, with some consumers relying on meal replacement products as a solution to weight gain

Weight loss supplements and slimming tea are declining; however, older consumers buy supplement nutrition drinks to help against the COVID-19 virus

Players launch products and social media strategies to support consumers during the outbreak of COVID-19

Samples

Overview

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Table of Contents

Weight Management and Wellbeing in South Korea - Category analysis

KEY DATA FINDINGS

2020 IMPACT

COVID-19 leads to a decline in exercise, with some consumers relying on meal replacement products as a solution to weight gain

Weight loss supplements and slimming tea are declining; however, older consumers buy supplement nutrition drinks to help against the COVID-19 virus

Players launch products and social media strategies to support consumers during the outbreak of COVID-19

RECOVERY AND OPPORTUNITIES

Weight management and wellbeing records ongoing steady growth across the forecast period, driven by supplement nutrition drinks

The negative reputation of weight loss supplements will stifle growth for the products across the forecast period

Meal replacement struggles to record positive value growth over the forecast period, with consumers preferring to eat well and take supplements

CATEGORY DATA

Consumer Health in South Korea - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer health

COVID-19 country impact

Company response

Retailing shift

What next for consumer health?

MARKET INDICATORS

MARKET DATA

APPENDIX

OTC registration and classification

Vitamins and dietary supplements registration and classification

Self-medication/self-care and preventive medicine

Switches

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

DEFINITIONS

SOURCES

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