The hope and concern always coexist in New Year all the time, but Many economists predict a pessimistic view about the macroeconomic situation of South Korea in 2019. In this situation, the Korea functional food industry is also expecting the sales slow over this year. Because The Korea functional foods market has been grown over several years but it can not be ignored the external environment and also, there are increased competitor due to a market extension.
Nutraceuticals are provide essential nutrients as dietary supplements and functional foods and beverage including the prevention or treatment of a disease and also, reduce the cost of high healthcare. The growing awareness regarding the consumption of healthy foods will result in increased demand for nutraceuticals more.
Our first branded ingredient PLX is a botanical extract powder from Lippia citriodora (Lemon Verbena, Aloysia Triphylla) that contains the highest verbascoside content with lemon verbena in the market. Lemon verbena have been reported in traditional medicines. The leaves of Lemon verbena are used for the treatment of fever, neuropathic and stomach pains, dizziness, headaches, hypnotic, anemia, migraine, and cold symptoms (1)
The world is rapidly becoming an aging society and also, South Korea will become the world’s most aged society by 2050 due to a prolonged average lifespan and an extremely low birth rate. Thus, A part of silver food market will be increased in the change of food consumption patterns.