The South Korea nutritional analysis market is anticipated to witness significant growth during the forecast period owing to boosting requirement for advanced screening approaches, rise in focus on better dietary products, and increase in consumer focus on healthy and balanced consuming. The South Korea nutritional analysis market is segmented into analysis type , product type, and nutrient. The boosting demand for nutrition-rich and dietary products is a key factor driving the development of the South Korea nutritional analysis market. In addition, increase in awareness regarding benefits of consuming healthy and balanced foods is driving the development of the South Korea nutrition analysis market. Consumers are becoming more conscious about their health, and they are increasingly focusing on intake of foods that are rich in nutrients. Furthermore, rise in demand for fortified food and drinks is driving the growth of the South Korea nutrition analysis market. In addition, increase in focus on importance of healthy application of nutrition in food products, diet regimen control, and wellness avoidance are other key factors driving the market growth. However, lack of resources and advanced tools for dietary analysis is a key factor hampering the growth of the South Korea nutritional analysis market. Moreover, high expense of nutrition evaluation kits, significant lab overheads, and high-priced equipment are some of factors restraining the growth of the South Korea nutritional analysis market. Furthermore, low accuracy of nutritional evaluation is expected to restrain the market growth.
On the contrary, technological improvements in the nutrition analysis sector are expected to provide opportunities for the development of the South Korea nutritional analysis market. In addition, improvement in laboratory centers and the development of tools are anticipated to offer development chances for the sector. Moreover, boosting demand for next-generation sequencing (NGS) and high-throughput sequencing methods for the analysis of nourishment is expected to open new opportunities for the nutritional analysis market in South Korea. Moreover, the introduction of logical software for information evaluation and increase of virtual laboratory are leading to a shift in the traditional approach to nourishment analysis. This change in direction of digitalization of the dietary analysis market is anticipated to provide lucrative opportunities for the expansion of the market. Moreover, increase in focus on nutritional products and rise in consumers preference for healthy and balanced diet are driving the market for nutrition analysis in South Korea. Manufacturers of nutrition-rich products are spending substantially in R&D activities to make their items more enticing to customers. Firms are significantly concentrating on launching cutting-edge nutrition-rich items and dietary supplements. Companies are further focusing on creating brand-new modern technologies as well as acquiring advanced equipment and resources for the analysis of nutritional in foodstuff. The introduction of brand-new technologies and analytical techniques such as NGS is expected to offer even more specific evaluation outcomes, allowing manufacturers to create better and extra nutritionally abundant products .
. The Porter's five force model is used to understand the competitive scenario of the industry and role of each stakeholder. The five forces in this model are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and competitive rivalry. The bargaining power of buyers is high as there is huge range of choices available for buyers. However, the bargaining power of suppliers is low due to the existence of smaller players. The threat of new entrants is low due to the availability of affordable products. The threat of substitutes is low due to lack of substitutes for nutrition analysis services. The threat of competition among the players is moderate as the market is fragmented with couple of players dominating the market. The strengths of the South Korea nutritional analysis market consist of the availability of advanced testing as well as analysis methods, surge in demand for nutrition-rich products, increase in consumer issue about healthy and balanced consuming, as well as the improvements in laboratory centers. The weak points include lack of proficient professionals, lack of schedule of advanced equipment, and high price of evaluation sets and devices.
On the contrary, technical improvements in nourishment analysis kits, introduction of cutting-edge testing techniques, and shift toward online research laboratories are expected to offer remunerative opportunities for the expansion of the market. The threats consist of implementation of rigid laws that ensure high nutrient content and safety as well as issues related to identifying appropriate treatments associated with nutritional evaluation. Furthermore, the South Korea nutritional analysis market is expected to register considerable development during the forecast period due to increase in need for nutrition-rich products and rise in consumer concern regarding healthy eating. Moreover, technological advancements in the evaluation techniques and the introduction of new modern technologies and logical methods are expected to open new avenues for the market expansion during the forecast period.
Some of the major players analyzed in this report are KARO Bio, POSCO ChemTech, Daesang Corp, CJ Cheil jedang, Korean Research Institute of Bioscience & Biotechnology, Seoul National University, National Institute of Food and Drug Safety Evaluation, SMG HealthCare, GenoAce Co., Ltd., Korea Food Research Institute
On the contrary, technological improvements in the nutrition analysis sector are expected to provide opportunities for the development of the South Korea nutritional analysis market. In addition, improvement in laboratory centers and the development of tools are anticipated to offer development chances for the sector. Moreover, boosting demand for next-generation sequencing (NGS) and high-throughput sequencing methods for the analysis of nourishment is expected to open new opportunities for the nutritional analysis market in South Korea. Moreover, the introduction of logical software for information evaluation and increase of virtual laboratory are leading to a shift in the traditional approach to nourishment analysis. This change in direction of digitalization of the dietary analysis market is anticipated to provide lucrative opportunities for the expansion of the market. Moreover, increase in focus on nutritional products and rise in consumers preference for healthy and balanced diet are driving the market for nutrition analysis in South Korea. Manufacturers of nutrition-rich products are spending substantially in R&D activities to make their items more enticing to customers. Firms are significantly concentrating on launching cutting-edge nutrition-rich items and dietary supplements. Companies are further focusing on creating brand-new modern technologies as well as acquiring advanced equipment and resources for the analysis of nutritional in foodstuff. The introduction of brand-new technologies and analytical techniques such as NGS is expected to offer even more specific evaluation outcomes, allowing manufacturers to create better and extra nutritionally abundant products .
. The Porter's five force model is used to understand the competitive scenario of the industry and role of each stakeholder. The five forces in this model are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and competitive rivalry. The bargaining power of buyers is high as there is huge range of choices available for buyers. However, the bargaining power of suppliers is low due to the existence of smaller players. The threat of new entrants is low due to the availability of affordable products. The threat of substitutes is low due to lack of substitutes for nutrition analysis services. The threat of competition among the players is moderate as the market is fragmented with couple of players dominating the market. The strengths of the South Korea nutritional analysis market consist of the availability of advanced testing as well as analysis methods, surge in demand for nutrition-rich products, increase in consumer issue about healthy and balanced consuming, as well as the improvements in laboratory centers. The weak points include lack of proficient professionals, lack of schedule of advanced equipment, and high price of evaluation sets and devices.
On the contrary, technical improvements in nourishment analysis kits, introduction of cutting-edge testing techniques, and shift toward online research laboratories are expected to offer remunerative opportunities for the expansion of the market. The threats consist of implementation of rigid laws that ensure high nutrient content and safety as well as issues related to identifying appropriate treatments associated with nutritional evaluation. Furthermore, the South Korea nutritional analysis market is expected to register considerable development during the forecast period due to increase in need for nutrition-rich products and rise in consumer concern regarding healthy eating. Moreover, technological advancements in the evaluation techniques and the introduction of new modern technologies and logical methods are expected to open new avenues for the market expansion during the forecast period.
Some of the major players analyzed in this report are KARO Bio, POSCO ChemTech, Daesang Corp, CJ Cheil jedang, Korean Research Institute of Bioscience & Biotechnology, Seoul National University, National Institute of Food and Drug Safety Evaluation, SMG HealthCare, GenoAce Co., Ltd., Korea Food Research Institute
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- Consumer Buying Behavior Analysis
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Key Market Segments
By Analysis Type
- Laboratory Testing
- Sub Type
- Chemical Analysis
- Physical Analysis
- Bioanalysis
- Nutritional Database Testing
By Product Type
- Bakery and Confectionery
- Snacks
- Dairy
- Meat Products
- Others
By Nutrients
- Macronutrients
- Micronutrients
- Key Market Players
- KARO Bio
- POSCO ChemTech
- Daesang Corp
- CJ Cheil jedang
- Korean Research Institute of Bioscience & Biotechnology
- Seoul National University
- National Institute of Food and Drug Safety Evaluation
- SMG HealthCare
- GenoAce Co., Ltd.
- Korea Food Research Institute
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SOUTH KOREA NUTRITIONAL ANALYSIS MARKET, BY ANALYSIS TYPE
CHAPTER 5: SOUTH KOREA NUTRITIONAL ANALYSIS MARKET, BY PRODUCT TYPE
CHAPTER 6: SOUTH KOREA NUTRITIONAL ANALYSIS MARKET, BY NUTRIENTS
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- KARO Bio
- POSCO ChemTech
- Daesang Corp
- CJ Cheil jedang
- Korean Research Institute of Bioscience & Biotechnology
- Seoul National University
- National Institute of Food and Drug Safety Evaluation
- SMG HealthCare
- GenoAce Co., Ltd.
- Korea Food Research Institute
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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