South Korea Sleep Aid Supplements Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 8.4% from 2024 to 2030.
The South Korea Sleep Aid Supplements Market has seen significant growth in recent years due to the increasing prevalence of sleep-related disorders and the rising demand for natural alternatives to pharmaceutical sleep aids. The market is driven by various factors, including the growing awareness of the importance of sleep health and the shift toward preventive healthcare. South Korean consumers, particularly millennials and elderly populations, are more inclined to seek solutions that promote better sleep quality without the adverse effects of traditional medications. As a result, sleep aid supplements have gained popularity in both urban and rural areas, with a notable increase in their usage among busy professionals and those experiencing high levels of stress.
The application of sleep aid supplements in South Korea spans several industries, including pharmaceuticals, wellness, and cosmetics. The pharmaceutical industry has long dominated the market, offering a wide range of products designed to alleviate insomnia and sleep disturbances. However, wellness and cosmetics companies are increasingly capitalizing on the demand for sleep-related supplements, introducing products like melatonin gummies, herbal teas, and CBD-infused oils that promise to enhance sleep naturally. These products cater to a growing consumer preference for plant-based and non-habit-forming solutions.
In addition to individual use, sleep aid supplements are increasingly being integrated into workplace wellness programs. Many companies are recognizing the importance of employee well-being and are offering supplements as part of their health initiatives. These companies are particularly interested in products that promote better sleep without the risks associated with traditional medications, such as dependence or side effects.
As the market for sleep aid supplements continues to expand, industries are also focusing on innovation to meet consumer demands. This includes the development of supplements with enhanced bioavailability, targeted formulations for different age groups, and products that combine sleep aids with other health benefits such as stress reduction and cognitive support. The South Korean Sleep Aid Supplements Market is poised for continued growth, driven by a combination of consumer demand, industry innovation, and an increasing focus on sleep health across the country.
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Pfizer (Pharmacia & Upjohn)
Sanofi Aventis
Sumitomo Dainippon Pharma (Sunovion)
Lupin Limited
King Bio
Takeda Pharmaceutical
Merck
NutraClick
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Sleep Aid Supplements Market
Herbal Supplements
Melatonin-based Supplements
Amino Acid Supplements
Vitamins & Minerals
Other Natural Extracts
Tablets
Capsules
Liquid
Gummies
Powder
Online Retailers
Pharmacies & Drugstores
Health & Wellness Stores
Supermarkets & Hypermarkets
Direct Sales
Adults
Children
Senior Citizens
Pregnant Women
Individuals with Specific Health Conditions
Economy
Mid-range
Premium
Subscription-based Models
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Sleep Aid Supplements Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Sleep Aid Supplements Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Sleep Aid Supplements Market, By Type
6. South Korea Sleep Aid Supplements Market, By Application
7. South Korea Sleep Aid Supplements Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Sleep Aid Supplements Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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