Overview of Hi Korea 2024
Date & Venue: Hi Korea 2024 will be held from August 27 to August 29, 2024, at the COEX Convention & Exhibition Center in Seoul, South Korea. This premier venue is centrally located in the bustling Gangnam district, making it easily accessible for both local and international participants.
About: Hi Korea 2024 is a leading trade fair focused on the health ingredients industry, providing a platform for global exhibitors to showcase their latest innovations in health and wellness. The event is co-located with CPHI Korea, which focuses on the pharmaceutical sector, thereby creating a comprehensive platform for professionals in the health and life sciences industries.
Industry Segments: Health ingredients, Functional foods, Nutraceuticals, Dietary supplements, Natural and organic ingredients, Food technology, Packaging solutions, Pharmaceuticals.
Market Size & Overview of the Industry Segment: The global health ingredients market is experiencing significant growth, driven by increased consumer awareness about health and wellness, the rise in demand for functional foods, and innovations in nutraceuticals. The market is projected to continue its upward trajectory, with Asia, particularly South Korea, playing a critical role in this expansion. South Korea’s health and wellness market is well-established, with strong government support for innovation in food technology and nutraceuticals. Hi Korea 2024 is set to reflect these trends, offering a comprehensive overview of the latest products, technologies, and market opportunities in the health ingredients sector.
Attendance & Participation: Hi Korea 2024 is expected to attract a diverse group of participants, including over 200 exhibitors from around the world and thousands of visitors, ranging from industry professionals to key decision-makers. The event provides an excellent opportunity for networking, knowledge sharing, and business development.
Who Should Visit: This trade show is ideal for professionals in the health ingredients, nutraceuticals, and food technology industries, including product developers, R&D specialists, buyers, suppliers, and manufacturers. Additionally, it is a must-visit for those in the pharmaceutical industry, given its co-location with CPHI Korea, as well as anyone interested in the latest trends and innovations in health and wellness.
Exhibitor Analysis for Hi Korea 2024
Top 5 Major Exhibitors:
- Bajaj Healthcare Ltd.: Bajaj Healthcare Ltd. is a leading Indian pharmaceutical company specializing in the production of active pharmaceutical ingredients (APIs) and finished dosage forms, catering to both domestic and international markets. Their commitment to quality and innovation drives their mission to enhance global healthcare.
- Anupam Rasayan India Ltd.: Anupam Rasayan India Ltd. is a prominent chemical manufacturer known for its expertise in producing specialty chemicals and advanced intermediates. They serve a diverse range of industries, including pharmaceuticals, agrochemicals, and personal care, with a strong focus on sustainability and innovation.
- Biomed Ingredients Pvt Ltd.: Biomed Ingredients Pvt Ltd. is a dynamic company specializing in the development and production of high-quality nutraceutical ingredients and dietary supplements. With a focus on health and wellness, they strive to deliver scientifically backed solutions to improve global nutrition.
- DAEJEON TECHNO PARK (South Korea): An innovation hub focusing on technology development and commercialization, with a strong emphasis on pharmaceutical ingredients and biotechnology.
- Chenguang Biotech Group (China): A key manufacturer of botanical extracts, known for its extensive product lineup, including green coffee bean extract and ginkgo biloba extract.
Participating Countries:
- Total Participating Countries: 16+
- Top 5 Countries by Company Count and Percentage:
- China: 52%
- Korea: 17%
- India: 14%
- South Korea: 10%
- USA: 2%
Major Types of Companies:
- Total Number of Unique Company Types: 27+
- Top 5 Company Types:
- Manufacturing: 71%
- Distributor: 15%
- Contract Service: 8%
- Food Processing: 4%
- Equipment Manufacturing: 3%
Major Product Categories:
- Total Number of Unique Product Categories: 344+
- Top 5 Product Categories:
- Pharmaceutical Ingredients: 19%
- Active Pharmaceutical Ingredients (APIs): 15%
- Pharmaceutical Intermediates: 12%
- Food Additives: 10%
- Intermediates: 7%
Major Product Items:
- Total Number of Unique Product Items: 344+
- Top 15 Product Items:
- Pharmaceutical Intermediates
- Active Pharmaceutical Ingredients (APIs)
- Green Tea Extract
- Amino Acids
- Ginkgo Biloba Extract
- Green Coffee Bean Extract
- Curcumin
- Vitamins
- Polysorbate 80
- Centella Asiatica (Gotu Kola) Extract
- Probiotics
- Glucosamine Sulfate
- Pharmaceutical Raw Materials
- Specialty Chemicals
- Food Processing Machines and Equipment
Interesting Insights for Hi Korea 2024
Exhibiting Countries of Top 5 types of businesses:
- Manufacturing: Australia, China, Czech Republic, India, Italy, Korea, Singapore, etc.
- Distributor: China, Germany, India, Korea, South Korea
- Contract Service: Austria, China, India, Italy, Korea, Singapore, USA
- Food Processing: China, India, South Korea, USA
- Equipment Manufacturing: China, India, Korea, USA
Exhibiting Countries of Top 5 Product Categories:
- Pharmaceutical Ingredients: China, Germany, India, Japan, Korea, South Korea, USA
- Active Pharmaceutical Ingredients (APIs): China, Czech Republic, India, Italy, Korea, South Korea
- Pharmaceutical Intermediates: China, India
- Food Additives: China, Germany, India, Japan, Korea, South Korea, USA
- Intermediates: China, India, Korea, South Korea
Exhibiting Countries of Top 10 Products:
- Pharmaceutical Intermediates: China, India, Korea, South Korea
- Active Pharmaceutical Ingredients (APIs): China, India, Korea, South Korea
- Green Tea Extract: China, Germany, India
- Amino Acids: China, India, Korea
- Ginkgo Biloba Extract: China, India
- Green Coffee Bean Extract: China, India
- Curcumin: China, India
- Vitamins: China, India
- Probiotics: China, India, Korea, USA
- Glucosamine Sulfate: China, USA
Top 5 Exhibiting Countries and Their Product Details:
- China
- Pharmaceutical Ingredients, APIs, Pharmaceutical Intermediates
- Green Tea Extract, Ginkgo Biloba Extract, Amino Acids, Curcumin
- Korea
- APIs, Pharmaceutical Intermediates, Pharmaceutical Ingredients
- Probiotics, Vitamins, Fermentation Equipment, Active Pharmaceutical Ingredients (APIs)
- India
- Pharmaceutical Ingredients, Food Additives, APIs
- Green Coffee Bean Extract, Green Tea Extract, Curcumin, Ginkgo Biloba Extract
- South Korea
- Pharmaceutical Ingredients, Consulting and Professional Services
- Polysorbate 80, Centella Asiatica (Gotu Kola) Extract, Amino Acids
- USA
- Packaging, Pharmaceutical Ingredients, Synthetic Resins
- Custom Peptide Synthesis, Probiotics, Glucosamine Sulfate, Centella Asiatica Extract
Key Highlights of Hi Korea 2024
Key Industry Segments: Hi Korea 2024 is one of the top trade fair in the health ingredients industry, encompassing several key segments:
- Pharmaceutical Ingredients: This segment is the backbone of the event, featuring a wide range of active pharmaceutical ingredients (APIs), pharmaceutical intermediates, and excipients.
- Nutraceuticals: Nutraceuticals, including dietary supplements and functional foods, are prominent at the show, reflecting the growing consumer demand for health-enhancing products.
- Food Additives and Ingredients: Another major segment, this includes natural and organic ingredients, functional food additives, and flavor enhancers.
- Biotechnology: Biotechnology applications in health and wellness are also a significant focus, especially in the areas of probiotics, enzymes, and fermentation technology.
- Packaging Solutions: Innovative packaging solutions tailored for health products, ensuring safety, efficacy, and compliance with global standards, are crucial for industry professionals attending the show.
Market Trends: Several market trends are shaping the health ingredients industry and will be prominently featured at Hi Korea 2024:
- Increased Demand for Functional Foods and Nutraceuticals: As consumers become more health-conscious, there is a growing demand for functional foods and nutraceuticals. This trend is driving innovation in ingredients that offer specific health benefits, such as immune support, cognitive enhancement, and gut health.
- Sustainability and Clean Labeling: Consumers and regulators are increasingly focusing on sustainability and transparency. There is a rising trend towards clean labeling, where products are free from synthetic additives, and sustainability in sourcing and production practices is highlighted.
- Advancements in Biotechnology: Biotechnology continues to revolutionize the health ingredients sector. Innovations in fermentation technology, probiotics, and plant-based bioactives are paving the way for new product development and enhanced health benefits.
- Personalized Nutrition: The concept of personalized nutrition, where products are tailored to individual health needs based on genetic, lifestyle, and environmental factors, is gaining traction. This trend is driving demand for specialized ingredients that cater to specific health goals.
- Regulatory Compliance and Global Standards: As the health ingredients market becomes more globalized, there is a heightened focus on regulatory compliance and adherence to international standards. Exhibitors at Hi Korea 2024 will showcase products that meet stringent safety and quality regulations, catering to the needs of global markets.
Conclusion
Hi Korea 2024 is one of the landmark event in the health ingredients industry, bringing together global leaders and innovators under one roof. With a strong focus on pharmaceutical ingredients, nutraceuticals, and biotechnology, the trade show serves as a pivotal platform for exploring the latest trends, forging new partnerships, and driving industry growth. Attendees can expect a comprehensive experience that offers insights into cutting-edge technologies and market dynamics, ensuring they stay ahead in this rapidly evolving sector.
