The U.S. Dairy Exporter Blog: Market Analysis, Research & News
  • USDEC research Snapshot: South Korea's aging population spending more on health and wellness

    By Scott Lantz April 13, 2023

    South Korea is a rapidly aging country, with 18% of the population over the age of 65, presenting new opportunities for U.S. dairy exporters.

    Korean population is aging

    Korean seniors are putting more focus on wellness through a balanced nutritional diet, adequate exercise and mindfulness practices.  Photo: Canva


    South Korea is one of the most rapidly aging societies in the world. U.S. dairy suppliers will have a strategic advantage if they understand the trends and meet the needs of the country's senior consumers.

    That's one insight from the U.S. Dairy Export Council's new "South Korea Snapshot" created by USDEC's Strategic Insights team. Only USDEC members with a login can access the full Snapshot on usdec.org here.  

    While 10% of the global population is over age 65, 18% of South Koreans are currently over 65. This figure is expected to nearly double in the next 10 years, causing an increased focus on avoiding chronic illnesses and physical health challenges. 

    graphjicCapture


    Older Korean adults increasingly live in single households. They have higher education and income levels than previous Korean seniors. Today's Korean seniors focus more on wellness through a balanced nutritional diet, adequate exercise and mindfulness practices.

    In the last year, 45% of all Koreans have increased spending on health and wellness compared to 37% of the global population. 

    Korea pic1 (2)

     

    Koreans scrutinize labels. But traditional health and wellness claims on packaged food and beverages are not resonating as they used to with Korean consumers.

     

    Korea pic2 (3)

     

    As consumers become more educated about nutrition, claims such as "organic" are being replaced by phrases like "immunity boosting" that address functional advantages.


    Password-protected, only for USDEC members 

    Download USDEC's South Korea snapshot

     


    Subscribe to the U.S. Dairy Exporter Blog 


    The U.S. Dairy Export Council fosters collaborative industry partnerships with processors, trading companies and others to enhance global demand for U.S. dairy products and ingredients. USDEC is primarily supported by Dairy Management Inc. through the dairy farmer checkoff. How to republish this post.  

    South Korea
subscribe to blog1

10 Most Recent Posts

Most Popular Posts in Past Year

Index of Posts by Topic

Index of Posts by Date, Author

Archives (by date)

+ more archives