South Korea Pet Nutraceuticals Market Size & Outlook
The pet nutraceuticals market in South Korea is expected to reach a projected revenue of US$ 201.3 million by 2030. A compound annual growth rate of 9.6% is expected of South Korea pet nutraceuticals market from 2024 to 2030.
Revenue, 2023 (US$M)
$105.8
Forecast, 2030 (US$M)
$201.3
CAGR, 2024 - 2030
9.6%
Report Coverage
South Korea
South Korea Pet Nutraceuticals Market, 2018-2030 (US$M)
Global Market
Related Markets
South Korea pet nutraceuticals market highlights
- The South Korea pet nutraceuticals market generated a revenue of USD 105.8 million in 2023 and is expected to reach USD 201.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, vitamins and minerals was the largest revenue generating ingredient in 2023.
- Prebiotics & Probiotics is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Pet nutraceuticals market data book summary
| Market revenue in 2023 | USD 105.8 million |
| Market revenue in 2030 | USD 201.3 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins and minerals |
| Fastest growing segment | Prebiotics & Probiotics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins and Minerals, Anti-oxidants, Milk Bioactives, Omega-3 Fatty Acids, Prebiotics & Probiotics, Dietary Fiber, Proteins and Peptides, Other Ingredients |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global pet nutraceuticals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pet nutraceuticals market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 240.0 million by 2030.
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Pet Nutraceuticals Market Scope
Pet Nutraceuticals Market segmentation & scope
Pet Nutraceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
South Korea Pet Nutraceuticals Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Pet Nutraceuticals Market Outlook will help companies and investors design strategic landscapes.
Vitamins And Minerals was the largest segment with a revenue share of 27.13% in 2023.
Horizon Databook has segmented the South Korea pet nutraceuticals market based on vitamins and minerals, anti-oxidants, milk bioactives, omega-3 fatty acids, prebiotics & probiotics, dietary fiber, proteins and peptides, other ingredients covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Pet Nutraceuticals Market Ingredient Outlook (Revenue, USD Million , 2018-2030)
- Vitamins and Minerals
- Anti-oxidants
- Milk Bioactives
- Omega-3 Fatty Acids
- Prebiotics & Probiotics
- Dietary Fiber
- Proteins and Peptides
- Other Ingredients
- South Korea Pet Nutraceuticals Market Pet Type Outlook (Revenue, USD Million , 2018-2030)
- Dogs
- Cats
- Other Pet Type
- South Korea Pet Nutraceuticals Market Application Outlook (Revenue, USD Million , 2018-2030)
- Skin & Coat
- Hip & Joint
- Digestive Health
- Immune Support
- Weight Management
- Oral/Dental Health
- Heart Health
- Cognitive Function
- Calming/ Anxiety & Stress Relief
- Muscle & Performance
- Eye Health
- Kidney & Liver Support
- Multivitamins
- Allergy Relief
- South Korea Pet Nutraceuticals Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Online
- Offline
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Pet Nutraceuticals Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Pet Nutraceuticals Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Pet Nutraceuticals Market, 2018-2030 (US$M)
South Korea pet nutraceuticals market statistics, by ingredient, 2018-2030 (US$M)
