South Korea Weight Loss Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 6.10% (2024-2032)
The rising prevalence of obesity among individuals represents one of the key factors impelling the growth of the market in South Korea. According to the latest report by IMARC Group, South Korea weight loss market size is projected to exhibit a growth rate (CAGR) of 6.10% during 2024-2032.
South Korea Weight Loss Industry Trends and Drivers:
Weight loss focuses on reducing total body mass, primarily through the loss of body fat, muscle, and fluids. It can be achieved through a combination of dietary changes, increased physical activity, and behavioral modification. It enhances body image and self-confidence among individuals. It alleviates pressure on joints and reduces pain. It supports overall immune function and minimizes the chances of infections.
It lowers the risk of heart disease, hypertension, and stroke and decreases bad cholesterol while improving good cholesterol. It contributes to a longer and healthier life by reducing the chances of developing chronic diseases. Besides this, it improves skin conditions and lowers acne and other skin issues. As it assists in increasing physical ability and reducing discomfort during movement, the demand for weight loss is increasing in South Korea.
At present, the rising prevalence of obesity among individuals represents one of the key factors impelling the growth of the market in South Korea. In line with this, the increasing awareness among individuals about the health risks associated with obesity, such as diabetes, heart disease, and hypertension, is strengthening the market growth in the country.
Moreover, the escalating demand for weight loss solutions due to social media influence on individuals is offering a favorable market outlook in South Korea. In addition, the rising consumption of weight loss supplements to lower the chances of various diseases is bolstering the market growth. Furthermore, innovations in weight loss technologies, including apps, wearables, and fitness equipment, are supporting the market growth in the country.
Apart from this, the growing demand for convenient weight loss solutions, such as meal replacements and ready-to-eat (RTE) diet food items, among people with busy lifestyle, coupled with the increasing focus on maintaining a healthy and active lifestyle, is positively influencing the market in South Korea. Additionally, the rising number of gym championships and yoga events is propelling the market growth.
Download sample copy of the Report: https://www.imarcgroup.com/south-korea-weight-loss-market/requestsample
South Korea Weight Loss Industry Segmentation:
The report has segmented the market into the following categories:
Function Insights:
- Diet
- Supplements
- Meals
- Beverages
- Equipment Types
- Fitness Equipment
- Cardiovascular Equipment
- Strength Training Equipment
- Others
- Surgical Equipment
- Minimally Invasive/ Bariatric Equipment
- Non-Invasive Equipment
- Fitness Equipment
- Service
- Fitness Centers and Health Clubs
- Consulting Service
- Surgical Clinics
- Online Weight Loss Programs
- Others
Gender Insights:
- Men
- Women
Age Group Insights:
- Below 15 Years
- 15 to 30 Years
- 31 to 60 Years
- Above 60 Years
Regional Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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