New Market Research Report: Herbal/Traditional Products in South Korea

Herbal/traditional products saw moderate retail value sales growth of 2% in 2015. Thus, the category outperformed consumer health as a whole, which saw retail value sales growth of 1% in 2015. Among herbal/traditional products, herbal/traditional sleep aids products, herbal/traditional dermatologicals, and herbal/traditional dietary supplements all saw slightly more dynamic retail value sales growth their non-herbal/traditional equivalents in 2015.

Competitive Landscape

Korea Ginseng Corp, with its Cheong-Kwan-Jang brand, leads herbal/traditional products in South Korea, with a retail value sales share of 41% in 2015. The brand is present in herbal/traditional dietary supplements, and herbal/traditional tonics and bottled nutritive drinks. In order to retain its position as the leading brand, the company’s marketing strategy specifically covers each age group, region, and income segment.

Full Report Details at
- http://www.fastmr.com/prod/1110501_herbaltraditional_products.aspx?afid=301

Industry Prospects

Herbal/traditional products is expected to see positive sales growth over the forecast period, with a CAGR of 1% at constant 2015 prices predicted. All categories, except for herbal/traditional topical analgesics, which is expected to see a sales decline, will contribute to this. Herbal/traditional dietary supplements will continue to see the most dynamic retail value sales growth over the forecast period, with ginseng driving this.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Herbal/Traditional Products industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Herbal/Traditional Products industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Herbal/Traditional Products in South Korea market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Herbal/Traditional Products in South Korea?
* What are the major brands in South Korea?
* What is the market size of Herbal/Traditional Products in South Korea?
* What are the major brands in South Korea?
* Are Ayurvedic or Traditional Chinese Medicine products available in South Korea?

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