South Korea Softgel Capsule Market Research Report By Type (Gelatin Type, Non-Animal Type) and By Application (Vitamins, Supplement, Nutrition)-Forecast to 2035

South Korea Softgel Capsule Market Overview

As per MRFR analysis, the South Korea Softgel Capsule Market Size was estimated at 225 USD Million in 2023. The South Korea Softgel Capsule Market Industry is expected to grow from 240 USD Million in 2024 to 540 USD Million by 2035. The CAGR is expected to be around 7.651% during the forecast period (2025 - 2035).

Key South Korea Softgel Capsule Market Trends Highlighted

Consumer preferences and health demands are the primary factors driving notable trends in the South Korea Softgel Capsule Market. The market is substantially impacted by the growing emphasis on dietary supplements and nutraceuticals in South Korea, as consumers become more health-conscious.

This transition to preventive healthcare promotes softgel capsule consumption. It provides convenient dosage forms and improved bioavailability of active constituents. Furthermore, increasing demand for vegan and vegetarian softgel alternatives is consistent with the urban population's interest in clean-label products.

This indicates a broader trend toward healthier and ethically sourced dietary alternatives. The South Korean market offers numerous opportunities for exploration, particularly in developing specialized formulations addressing specific health concerns like immune support, digestive health, and skin wellness.

The aging population in South Korea also presents unique opportunities for companies to develop softgel products specifically designed for seniors. These address age-related health issues such as cognitive function and joint health. The recent period has witnessed a significant increase in e-commerce and online pharmacy channels.

This results from the growing trend toward digital platforms for healthcare product purchases. Consumer predilection for online shopping convenience and pandemic effects have greatly accelerated this trend. Additionally, collaboration with local health experts and influencers improves brand visibility and trust.

This is proving effective in reaching the target demographic. In general, the South Korea Softgel Capsule Market is undergoing transformation, with a particular emphasis on sustainability, convenience, and health. This evolution is influencing the future of dietary supplement consumption in the region.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

South Korea Softgel Capsule Market Drivers

Increasing Consumer Health Awareness

In South Korea, there has been a notable rise in consumer health consciousness. This is particularly true regarding preventive healthcare and dietary supplements. A report from the Korean Statistical Information Service indicates that health and wellness-related spending among South Koreans has increased significantly in recent years.

A reported growth of approximately 10% annually since 2020 supports this trend. The Korean Society of Clinical Nutrition advocates for nutritional supplement consumption, which includes softgel capsules. As consumers invest more in their health to prevent diseases and bolster their immune systems, the market stands to benefit.

This will lead to increased demand for diverse types of softgel products that cater to this growing health consciousness.

Rising Geriatric Population

The aging population in South Korea is a critical driver for the softgel capsule market. According to the Statistics Korea report, by 2025, the percentage of individuals aged 65 and older is expected to reach over 16%, highlighting a significant demographic shift. Older adults often have complex health needs.

They rely increasingly on dietary supplements and medications, including softgel capsules, for better health outcomes. The Ministry of Health and Welfare's initiatives to promote healthy aging are expected to further increase consumption of softgel products. These are easier to swallow and digest, making them a preferred option for the elderly.

Technological Advancements in Formulation

Continual advancements in formulation technologies for softgel capsules are driving market growth in South Korea. Innovations in encapsulation techniques and the development of new materials allow manufacturers to create more bioavailable and stable softgels. Notably, Daewon Pharm Co., Ltd. has invested in research and development.

This is to enhance their encapsulation technologies, resulting in products that can deliver improved absorption rates. These advancements not only meet the growing consumer demand for effective nutritional supplements but also allow for the introduction of new and improved softgel products.

Increase in Chronic Diseases

The prevalence of chronic diseases in South Korea has been increasing, making the consumption of dietary supplements more relevant than ever. The Korea National Health and Nutrition Examination Survey estimates that nearly 40% of the South Korean population is diagnosed with at least one chronic illness.

This includes cardiovascular diseases, diabetes, and obesity. This situation has driven healthcare professionals to recommend softgel capsules containing omega-3 fatty acids, vitamins, and other essential nutrients as part of a balanced diet. This is to manage these health issues.

This recommendation aligns with guidelines from the Korean Diabetes Association, which emphasizes the need for dietary interventions. This bolsters the market potential for the South Korea Softgel Capsule Market Industry.

South Korea Softgel Capsule Market Segment Insights

Softgel Capsule Market Type Insights

The South Korea Softgel Capsule Market showcases a diverse landscape shaped heavily by the Type segment, which includes both Gelatin Type and Non-Animal Type capsules. The Gelatin Type dominates due to its longstanding use and versatility in pharmaceutical and nutraceutical applications.

Gelatin, derived primarily from animal products, aligns with traditional manufacturing practices. It offers excellent bioavailability and a range of formulations that enhance drug delivery. This segment is characterized by widespread acceptance and reliability, resonating with manufacturers and consumers.

On the other hand, the Non-Animal Type has been gaining traction recently. This is driven by rising demand for vegetarian and vegan options among consumers seeking alternatives to animal-derived products for dietary or ethical reasons. The significance of this segment cannot be overstated.

It addresses increasing consumer consciousness regarding sustainability and animal welfare. With regulatory frameworks in South Korea strengthening the push toward plant-based solutions, this segment is expected to become a crucial part of the market growth narrative.

The evolving consumer preferences in South Korea indicate a shift toward more inclusive products that meet diverse dietary needs, thus enhancing the relevance of the Non-Animal Type. Furthermore, the growing prevalence of dietary supplements and the integration of softgel capsules in various health and wellness products reflect the market's adaptability to contemporary trends.

Both segments contribute to the market dynamics, influenced by rapid advancements in formulation technologies and manufacturing processes. This presents ample opportunities for innovation and growth. The distinct characteristics of both Gelatin and Non-Animal types highlight the importance of market segmentation.

This ensures that a wide array of consumer demands are met, driving the overall development of the South Korea Softgel Capsule Market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Softgel Capsule Market Application Insights

The South Korea Softgel Capsule Market is becoming increasingly significant, driven by various applications that cater to diverse health and wellness needs. Within the Application segment, Vitamins and Supplements are particularly prominent. This reflects the growing consumer awareness towards preventive healthcare and nutritional supplementation.

With the increasing trend of self-medication and health consciousness among the South Korean population, there has been a notable rise in demand for these products. This reinforces their dominance in the market. Additionally, Nutrition products have gained traction due to the rising focus on overall physical well-being.

This includes maintaining a balanced diet. The demand for convenient and easily digestible forms of vitamins and supplements, such as softgel capsules, continues to grow. This addresses the preferences of consumers seeking effective delivery methods for their dietary needs.

Furthermore, the influence of aging demographics in South Korea is also a pivotal driver for the rise of these applications. Older adults increasingly seek health supplements to support their longevity and vitality. Overall, the market segmentation indicates a robust trajectory for these applications.

This reflects shifting consumer habits and preferences aligned with health and wellness trends.

South Korea Softgel Capsule Market Key Players and Competitive Insights

The South Korea Softgel Capsule Market is characterized by its diverse array of products. These target various health sectors, including dietary supplements, pharmaceuticals, and functional foods. Competition in this market is driven by both domestic manufacturers and international players.

They aim to take advantage of the country's growing emphasis on health and wellness. Increasing consumer awareness about softgel capsule benefits, coupled with demand for convenient and easy-to-consume dosage forms, has led several companies to innovate. They also invest in advanced production technologies.

As a result, the market has witnessed considerable growth, leading to a competitive landscape. Here, quality, brand reputation, and product range have become key differentiating factors. FONTAINE has established a robust presence through its focus on high-quality production and innovative formulations.

The company has leveraged its technological capabilities to develop softgel products. These cater to both local preferences and international standards. FONTAINE's strength lies in its ability to provide customized solutions for various health needs. This has resonated well with consumers and healthcare providers.

This adaptability has enabled FONTAINE to stand out in a saturated market, as the company aligns its offerings with the evolving trends of the South Korean health and wellness industry. The company's commitment to research and development ensures it remains at the forefront of product innovation.

This allows for consistent introduction of new and effective softgel formulations. Kerry Group has also made significant inroads. They bring a vast portfolio of key products and services that cater to diverse consumer demands. Known for its commitment to quality and sustainability.

Kerry Group provides a range of softgel capsules, including dietary supplements and functional ingredients designed to enhance health. The company’s strengths lie in its comprehensive supply chain and deep understanding of local consumer behavior. Kerry Group’s focus on continuous improvement and innovation enables them to respond effectively to market needs.

This ensures that their products not only meet quality standards but also appeal to health-conscious consumers. Furthermore, strategic mergers and acquisitions within the region have bolstered Kerry Group's market presence. This allows them to integrate advanced technologies and expand their product offerings.

This enhances their competitiveness within the South Korean market.

Key Companies in the South Korea Softgel Capsule Market Include

• FONTAINE


• Kerry Group


• ABH Pharma


• Jamieson Laboratories


• Boehringer Ingelheim


• Nutraceutical Corporation


• Tishcon Corporation


• Capsugel


• Hugel


• Amway


• Now Foods


• Natrol


• Elysium Health


• GSK


• Sundown Naturals

South Korea Softgel Capsule Market Industry Developments

The South Korea Softgel Capsule Market is experiencing notable developments. Companies like FONTAINE, Kerry Group, and ABH Pharma are actively participating in innovation and product enhancement. Recent mergers and acquisitions have shaped the market landscape.

Notable among these is Jamieson Laboratories' acquisition of a local supplement company in August 2023. This was to expand its Asia Pacific presence. Boehringer Ingelheim has also increased its focus on softgel capsules for veterinary use, reflecting a trend towards animal health products.

Nutraceutical Corporation is reporting strong revenue growth due to increased demand for dietary supplements. This is leading to a broader market valuation. Furthermore, Elysium Health launched a new range of softgel capsule supplements in September 2023.

This aligns with the rising consumer trend towards health and wellness products. The government's emphasis on bolstering the healthcare sector and exports is supporting the growth of this market segment in South Korea, showcasing its potential on the global stage.

Over the last two to three years, there has been a significant upward shift in the demand for softgel capsules. This is driven by lifestyle changes and increased health awareness among consumers.

South Korea Softgel Capsule Market Segmentation Insights

Softgel Capsule Market Type Outlook

• Gelatin Type


• Non-Animal Type

Softgel Capsule Market Application Outlook

• Vitamins


• Supplement


• Nutrition

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	225.0(USD Million)
MARKET SIZE 2024	240.0(USD Million)
MARKET SIZE 2035	540.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	7.651% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	FONTAINE, Kerry Group, ABH Pharma, Jamieson Laboratories, Boehringer Ingelheim, Nutraceutical Corporation, Tishcon Corporation, Capsugel, Hugel, Amway, Now Foods, Natrol, Elysium Health, GSK, Sundown Naturals
SEGMENTS COVERED	Type, Application
KEY MARKET OPPORTUNITIES	Rising demand for dietary supplements, Growth in herbal softgel products, Expansion of innovative formulations, Increasing consumer health awareness, Rising demand in pharmaceuticals
KEY MARKET DYNAMICS	rising health awareness, increasing vitamin consumption, growing demand for dietary supplements, expanding geriatric population, advancements in capsule technology
COUNTRIES COVERED	South Korea