Press Release

South Korea Weight Loss and Weight Management Market to Grow at a CAGR of 5.8% During 2024-2032, Aided by the Rising Obesity Rates and Sedentary Lifestyle

South Korea Weight Loss and Weight Management Market

According to a new report by EMR titled, ‘The South Korea Weight Loss and Weight Management Market Report and Forecast 2024-2032’, the market is expected to grow at a CAGR of 5.8% in the forecast period of 2024-2032. The surge of various weight loss options and growing health issues are expected to drive the market growth.

The South Korea weight loss and weight management market is driven by rising obesity rates fueled by sedentary lifestyles and increased consumption of processed foods in South Korea. Despite cultural ideals favouring thinness, obesity is on the rise, especially among lower-income populations. According to the Korean Society for the Study of Obesity, about 40% of the population is obese.

 

Consumers turn to dietary supplements and quick-fix solutions like meal replacements and fasting supplements for slimming. Bariatric surgery, once a last resort, is gaining acceptance due to technological advancements, offering a more comfortable and effective weight loss option. This reflects a shifting attitude towards surgical interventions for long-term weight management.

 

Further, during the COVID-19 pandemic, despite the inflationary pressure and economic slowdown, the demand for body fat reduction through nutraceuticals observed growth. In May 2020, Amorepacific Group inaugurated the Green Tea Probiotics Research Center, aimed at advancing research on a newly discovered lactobacillus strain found in organic green tea gardens in Jeju Island, Korea. Amorepacific has published findings confirming the strain's efficacy in reducing inflammation factors in the stomach. The center will further explore applications of this probiotic strain in health food, cosmetics, and other fields while expanding research into microbiomes to bolster its research capabilities alongside existing Anti-pollution and Herbal Medicinal Science Research Centers.

 

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Market Breakup by Diet, Equipment, and Service:

  • The market is segmented based on diet into meals, beverages, and supplements.
  • Based on equipment, the market can be divided into fitness equipment and surgical equipment.
  • Based on service, the market is divided into fitness centres and health clubs, slimming centres and commercial weight loss centres, consulting services, and online weight loss programs.

 

Key Findings of the Report:

  • The weight loss and diet management market in South Korea is driven by increasing obesity rates, influenced by sedentary lifestyles and high consumption of processed foods. Despite cultural preferences for thinness, about 40% of the population is obese, with higher rates among lower-income groups.
  • Consumers are increasingly turning to dietary supplements, meal replacements, and fasting supplements for weight loss.
  • Despite economic challenges, the demand for body fat reduction through nutraceuticals surged during the COVID-19 pandemic. This trend highlights the sustained interest in weight management solutions even during periods of financial strain.
  • The market benefits from growing research and development activities and the launch of new products by manufacturers.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the South Korea weight loss and weight management market for the periods (2018-2023) and (2024-2032).
  • The report also offers historical (2018-2023) and forecast (2024-2032) market information for the diet, equipment, and service for weight loss and weight management in South Korea.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the South Korea weight loss and weight management market are Herbalife Korea Co., Jivaka Care Co.,Ltd., Amway Korea Co., LEXCO, Fitbit LLC, and DRAX Co., 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 2018-2023
Forecast Period 2024-2032
Scope of the Report

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

  • Diet
  • Equipment
  • Service
Breakup by Diet
  • Meals
  • Beverages
  • Supplements
Breakup by Equipment
  • Fitness Equipment
  • Surgical Equipment
Breakup by Service
  • Fitness Centres and Health Clubs
  • Slimming Centres and Commercial Weight Loss Centres
  • Consulting Services
  • Online Weight Loss Programs
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
  • Herbalife Korea Co.
  • Jivaka Care Co.,Ltd.
  • Amway Korea Co.
  • LEXCO
  • Fitbit LLC
  • DRAX Co.
  • Others

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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