South Korea Mineral Supplements Market Size, Share, and COVID-19 Impact Analysis, By Product (Calcium and Magnesium), By Formulation (Tablet and Liquid/Gel), By Application (General Health and Bone & Joint Health), and South Korea Mineral Supplements Market Industry Trend, Forecasts to 2035

South Korea Mineral Supplements Market Insights Forecasts to 2035

• The South Korea Mineral Supplements Market Size Was Estimated at USD 663.98 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.94% from 2025 to 2035
• The South Korea Mineral Supplements Market Size is Expected to Reach USD 1252.3 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Mineral Supplements Market Size is anticipated to reach USD 1252.3 Million by 2035, growing at a CAGR of 5.94% from 2025 to 2035. Supplements fill nutritional gaps and enhance general health, particularly in at-risk and aging populations.  Through public health initiatives, pharmaceutical corporations are aggressively raising awareness and supporting healthier lives and preventive care.  Supplement consumption is rising as a result of the increased emphasis on wellness and early intervention, which is being backed by reputable pharmaceutical companies. This is helping to explain the market's impressive performance and anticipated long-term growth.

Market Overview

The mineral supplements market includes products that provide essential minerals such as calcium, magnesium, iron, and zinc to support various bodily functions and prevent deficiencies. These supplements offer numerous benefits, including improved bone health, enhanced immunity, better metabolism, and management of chronic conditions like osteoporosis and anemia. The rising health awareness, aging populations, and increased prevalence of nutrient-deficient diets. Additionally, consumer demand for preventive healthcare and convenient supplement formats fuels growth. In South Korea, government initiatives such as nutrition awareness campaigns, elderly health programs, and support for functional food innovation further encourage supplement adoption. Regulatory support for safe supplement manufacturing and labeling also contributes to the development of a reliable and health-conscious consumer market.

Report Coverage

This research report categorizes the market for South Korea mineral supplements market based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea mineral supplements market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea mineral supplements market.

Driving Factors

The increasing health awareness, aging populations, and rising prevalence of chronic diseases like osteoporosis, anemia, and cardiovascular conditions. Consumers are turning to preventive healthcare and supplements to maintain overall wellness and address dietary deficiencies. Busy lifestyles and poor eating habits further contribute to mineral intake gaps. Additionally, growing demand for functional foods, improved product availability through retail and e-commerce channels, and pharmaceutical companies’ public health campaigns significantly boost market growth and supplement consumption across demographics.

Restraining Factors

Strict regulatory frameworks that increase time and costs for product approval, especially regarding safety and efficacy documentation. Consumer skepticism arising from inconsistent product quality and misleading marketing claims can reduce trust and limit repeat purchases. Additionally, side effects or adverse reactions from improper supplement use may discourage potential buyers. Price sensitivity also plays a role, as high-quality supplements can be costly compared to natural dietary sources.

Market Segmentation

The South Korea mineral supplements market share is classified into product, formulation, and application.

• The calcium segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mineral supplements market is segmented by product into calcium and magnesium. Among these, the calcium segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The growing awareness of bone health and the rising prevalence of osteoporosis, especially among the aging population. Increased health consciousness and preventive healthcare trends have led to higher calcium supplement consumption. Additionally, dietary deficiencies and lifestyle changes contribute to calcium intake gaps, further driving demand.

• The tablet segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mineral supplements market is segmented by formulation into tablet and liquid/gel. Among these, the tablet segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its convenience, longer shelf life, and ease of dosage standardization. Consumers prefer tablets for their portability, affordability, and availability across various retail channels. Additionally, manufacturers focus on developing chewable and easy-to-swallow tablet forms to enhance user experience. The growing elderly population, who often rely on structured supplement regimens, further boosts demand.

• The bone & joint health segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mineral supplements market is segmented by application into general health and bone & joint health. About these, bone & joint health segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.  Its effectiveness in delivering nutrients for general and bone & joint health. Tablets offer precise dosing, extended shelf life, and user convenience, making them ideal for long-term health routines. Increasing cases of osteoporosis and joint issues, particularly among the aging population, drive demand.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea mineral supplements market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Daewoong Pharmaceutical Co., Ltd.
• Korea Ginseng Corporation (KGC)
• Chong Kun Dang Pharmaceutical Corp.
• Hanmi Pharmaceutical Co., Ltd.
• Yuhan Corporation
• Daesang Life Science Corporation
• Nexus Pharma Co., Ltd.
• Yuhan Corporation
• Celltrion Healthcare
• Kangwei
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea mineral supplements market based on the below-mentioned segments:

South Korea Mineral Supplements Market, By Product

• Calcium
• Magnesium

South Korea Mineral Supplements Market, By Formulation

• Tablet
• Liquid/Gel

South Korea Mineral Supplements Market, By Application

• General Health
• Bone & Joint Health