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The South Korea weight loss and weight management market is expected to grow at a CAGR of about 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 during the given forecast period.
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These mukbang shows have become increasingly well-liked in Korea and internationally. The term has evolved to represent food-related programmes. People are now more commonly using the internet to watch mukbang, a novel form of online entertainment. Mukbang is a blend of two words, "eating" (meokda) and "broadcast" (bangsong), which describes online eating programmes in which a mukbanger sometimes consumes excessive amounts of food while interacting with viewers. Mukbangers impacted viewers' impressions of foods by encouraging them to eat packaged food, fast meals, and unhealthy foods that were salty, fatty and rich in calories. This is one of the major causes of the rise in the consumption of weight loss and weight management market in the country. In 2018, the government pledged to regulate several recommendations as a part of an anti-obesity campaign to promote healthy food intake and improve knowledge of proper dietary practices. Between 5-7 p.m., when kids and youngsters make up the majority of the audience, unhealthy food product-related programmes and radio advertisements were prohibited for the time being.
The principle of weight gain is when the energy intake exceeds energy expenditure. Weight-management programs and services are of two types of weight loss and weight management. Physical activities are an essential element of any weight maintenance program, along with dietary modification and restriction that influences the rate of weight loss.
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By diet, the weight loss and weight management market of South Korea can be segmented into:
Based on equipment, the South Korea weight loss and weight management market can be divided into:
An essential element fuelling the growth of this market is the sharp increase in obesity incidence among the population. People from South Korea are thought to be thin. Obesity has been on the rise in recent years as consumers eat more processed and fast foods and live more sedentary lifestyles. However, social opinions of obesity continue to be centred on physical appearance rather than health, resulting in delayed change. Several consumers are taking dietary supplements that promise quick weight loss like meal replacements and fasting supplements to get a slim waistline. Korea's fat population is disproportionately made up of lower-income people, just like in many other wealthy nations. Fast food and processed food are readily available here and are far less expensive than purchasing fresh produce for a balanced diet.
In the past, bariatric or weight reduction surgery was viewed as the final resort for weight loss when all other methods, including diets, exercise, and other medically advised regimens, had failed. However, with advances in technology, patients no longer experience as much discomfort during bariatric procedures. As a result, the medical profession is increasingly accepting these surgeries as a successful and long-lasting weight loss alternative.
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The perspective of one's physique is significant in helping people lose and maintain weight. The number of people who see themselves as overweight is allegedly much higher than the number of people who are overweight, implying more erroneous body weight views. Teenagers in Korea are increasingly turning to anorexia due to their fear of gaining weight and desire to look thin. Young people once pushed the "pro-ana" movement through various websites and social media accounts, offering extensive information and advocating anorexia-related behaviours. These beauty standards also impact other industries. To increase their likelihood of landing a job, flight attendants frequently take weight loss supplements or sometimes get cosmetic surgery to seem attractive and slim.
Additionally, obesity has adverse effects on health in many ways, including raising the chances of getting chronic diseases such as high blood pressure, cardiovascular diseases, osteoarthritis, certain types of cancer, depression, and diabetes, which decreases life expectancy and is expected to hasten the expansion of Weight Loss and weight Management market.
For market players, the market for weight loss and weight and management has significant growth potential. This can also be linked to a rise in disposable income and the adoption of western lifestyles, which are the main drivers of market expansion. Additionally, there is an opportunity for manufacturers to introduce premium, calorie-efficient products.
The report provides an in-depth research of the following prominent players in the South Korea xx market, giving a detailed understanding about the competitive landscape, capacity, and recent developments including mergers, acquisitions, and investments, capacity expansion, and plant turnarounds:
The EMR report provides a detailed assessment of the market on the basis of the Porter's five forces model, combined with a SWOT analysis.
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:
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Breakup by Diet |
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Breakup by Equipment |
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Breakup by Service |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
Easy access to fast and processed foods, advances in technology, a sedentary lifestyle, rising disposable income, adoption of the western lifestyle, increased use of social media and good internet penetration are the major industrial drivers.
The growing significance of mukbang culture and health issues are the key trends of the market.
The major players in the weight loss and weight management industry are Herbalife Korea Co., Jivaka Care Co.,Ltd., Amway Korea Co., LEXCO, Fitbit LLC, and DRAX Co., among others.
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Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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