In line with the public perception of “sleeping well” as one of the important components to achieving a healthy life, many consumers are willing to invest in a wider range of products, including sleep aids, to enjoy quality sleep in addition to achieving higher levels of relaxation. Combined with the return to fast-paced lifestyles in South Korea, rising digitalisation and an ageing population, demand for sleep aids is predicted to continue rising over the forecast period.
The development of various formats of sleep aids, beyond traditional pill or tonic options, is expected to expand over the forecast period. A South Korean pharmaceutical company, Sinsin Pharm, has registered a patent for a "transdermal absorption formulation” which contains melatonin for the treatment of insomnia and sleep disorders.
The prevalence of insomnia in children and adolescents is notably increasing in South Korea. Therefore, in the coming years, interest in sleep aids will not only be driven by adults but also potentially by paediatric groups.
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Understand the latest market trends and future growth opportunities for the Sleep Aids 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.
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These aids include combinations of active ingredients (e.g. diphenhydramine + acetaminophen) and single ingredient (e.g. doxylamine succinate). Herbal remedies made with valerian root, passionflower, and others, are included. This category also tracks melatonin products - a hormone, even if they are classified as a dietary supplement in some countries.
See All of Our DefinitionsThis report originates from Passport, our Sleep Aids research and analysis database.
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