The ongoing rapid decrease in the birth rate could be a threat to the growth of paediatric consumer health over the forecast period. As the birth rate slows, local parents can focus their spending on one child, and they are increasingly likely to spend more per child.
The packaged food industry is increasingly seeing demand for “zero sugar” options with producers using alternative sweeteners rather than sugar due to rising obesity rates in South Korea. This trend is increasingly emerging in other industries, including consumer health, as parents attempt to control their children’s sugar intake.
Following several years of significant retail volume declines due to home seclusion during the pandemic, demand for paediatric motion sickness remedies continues to rebound in 2023 in line with the greater relaxing of restrictions and the greater resumption of travel plans in South Korea. Therefore, the number of consumers visiting pharmacies to acquire travel-related treatments is increasing with predictions for further double-digit retail volume growth in 2024 before gradually stabilising over the remainder of the forecast period.
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Understand the latest market trends and future growth opportunities for the Paediatric consumer health industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Paediatric consumer health industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Paediatric consumer health
Products only specifically designed, marketed and labelled for children's symptoms. Include paediatric analgesics, paediatric cough, cold and allergy remedies, paediatric digestive remedies, paediatric medicated skin care, nappy (diaper) rash treatments, paediatric vitamins and dietary supplements.
See All of Our DefinitionsThis report originates from Passport, our Paediatric consumer health research and analysis database.
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