Press Release

South Korea Body Fat Reduction Market to Grow at a CAGR of 7.2% During 2024-2032, Driven by the Availability of Cost-Efficient Surgeries

South Korea Body Fat Reduction Market

According to a new report by EMR titled, ‘South Korea Body Fat Reduction Market Report and Forecast 2024-2032’, the market is estimated to grow at a CAGR of 7.2% in the forecast period of 2024-2032. The market is driven by the high beauty standards regarding body and face shapes in South Korea.

Body fat reduction is widely popular and accepted in South Korea due to the country’s rigid beauty standards. In South Korea, the high consumer demand for nutraceuticals is characterised by body fat reduction. South Korea has one of the highest per capita rates of plastic surgeries globally. As a result, body fat reduction is also common in this region.

 

In 2022, 32.5% of adult Koreans with a body mass index (BMI) of 25 or higher were classified as overweight or obese. The development of non-invasive or minimally-invasive body fat reduction procedures is propelling the South Korea body fat reduction market expansion.

 

For instance, in the process of doing Liposuction in Korea, doctors make use of a device known as a cannula. During the fat removal procedure, doctors carefully insert this thin steel tube into the fat layer. They separate the fat cells, which are subsequently sucked through the cannula and out of the body, by slowly pushing the cannula forward and backwards through the fat layer while staying perfectly parallel to the skin.

 

In November 2023, leading Japanese dairy product manufacturer Morinaga Milk Industry Co., Ltd. (TYO: 2264) announced that its exclusive probiotic strain, Bifidobacterium breve B-3, was approved for individual recognised registration in South Korea due to its clinically proven effectiveness in reducing body fat. The Minister of Food and Drug Safety of South Korea approved the probiotic strain B. breve B-3's Individual Recognised Registration (No. 2023-2) on March 7, 2023. In South Korea, the probiotic strain can be used as a functional ingredient for body fat reduction at a dosage of 5 billion CFU/day because it satisfies the highest requirements of safety, functionality, and regulatory compliance.

 

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Market Analysis by Procedure, Gender, and End-User:

  • The market on the basis of procedure can be divided into surgical and non-surgical.
  • Based on gender, the market can be divided into male and female.
  • The different end-users for body fat reduction include hospitals and clinics and medical spas, among others.

 

Key Findings of the Report:

  • South Korea is one of the top 5 countries with the greatest number of plastic surgeons globally. In 2022, the country recorded 2,718 surgeons, a 5.1% increase compared to 2021.
  • Technological advancements such as cryolipolysis, ultrasound fat reduction, red light therapy, laser lipolysis, and high-intensity focused electromagnetic (HIFEM) technology, among others, minimise blood loss and discomfort, driving the South Korea body fat reduction market expansion.
  • Body fat surgeries are more cost-efficient in South Korea than in other developed countries such as the United States and Australia. Some of the prominent liposuction clinics in South Korea include Oracle Clinic (Cheongdam), VG Plastic Surgery, and Imageup Plastic Surgery.
  • Celebrity influence plays a pivotal role in South Korea’s society and beauty industry. As a result, Koreans undergo body fat reduction surgeries to get the desired body and face shapes.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the South Korea body fat reduction market for the periods (2017-2023) and (2024-2032).
  • The report also offers the historical (2017-2023) and forecast (2024-2032) markets for the procedures, gender, and end-users of body fat reduction in South Korea.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the South Korea body fat reduction market are Allergan Aesthetics, Fytexia Group, Hironic Co. Ltd., Daeyang Medical Co., Ltd., and EMShape Korea, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Procedure
  • Gender
  • End-User
Breakup by Procedure
  • Surgical
  • Non-Surgical
Breakup by Gender
  • Male
  • Female
Breakup by End-User
  • Hospitals and Clinics
  • Medical Spas
  • Others
Market Dynamics
  • SWOT Analysis 
  • Porter's Five Forces Analysis 
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Allergan Aesthetics
  • Fytexia Group
  • Hironic Co. Ltd.
  • Daeyang Medical Co., Ltd.
  • EMShape Korea
  • Others

 

About Us:

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