The most purchased health supplement by foreigners visiting Korea, "JungKwanJang," is now available at Sprouts Farmers Market

Rhea-AI Summary

JungKwanJang, Korea's leading health supplement brand, is now available at Sprouts Farmers Market in the US. The brand offers products like Everytime 2000mg, Everytime Powerful Deer Antler, and Everytime Energy Boost, designed to suit American tastes. JungKwanJang Red Ginseng is known for its superior quality and non-GMO, gluten-free ingredients. The brand's 'Everytime' product line is the top-selling health supplement among foreign visitors to Korea and has achieved $1 billion in cumulative sales in Korea within eight years. JungKwanJang has previously entered Costco and Amazon, and holds a 46% market share in the global ginseng retail market. The company is conducting scientific research on red ginseng efficacy and safety at its R&D center near Fullerton, LA.

Positive

• Expansion into Sprouts Farmers Market, a premium US retailer
• Everytime product line achieved $1 billion in cumulative sales in Korea within 8 years
• Top-selling health supplement among foreign visitors to Korea
• 46% market share in the global ginseng retail market
• Ranked first in global ginseng retail market for ten consecutive years

Negative

• None.

CERRITOS, Calif., July 23, 2024 /PRNewswire/ -- Customers can now find Korea's representative health supplement brand "JungKwanJang" at the premium market "Sprouts Farmers Market."

JungKwanJang Red Ginseng boasts superior quality and technology, made with safe ingredients that meet the latest health food trends such as non-GMO and gluten-free. Analyzing health needs by country and developing tailored products, it is the first Korean health supplement company to enter Sprouts. Various promotional and tasting events have been ongoing since July, starting in Southern California and expanding to all stores across the US.

The products available include "Everytime 2000mg," "Everytime Powerful Deer Antler," and "Everytime Energy Boost," under the concept of "Rev Your Energy Flow." These are the main products designed to suit American tastes, including "Hong Sam Jeong Everytime," which hit $1 billion in cumulative sales in Korea within eight years of its release.

"Everytime" by JungKwanJang is the most purchased health supplement by foreigners visiting Korea, consistently ranking in the top five in sales at Incheon Airport Duty-Free shops including No. 1 in single-item sales.

"Everytime" is a product specialized in improving blood circulation and fatigue recovery for energy boosting and smooth metabolism^[1]. It offers a milder taste of red ginseng and is easy and convenient to enjoy in liquid form.

JungKwanJang Red Ginseng is officially recognized by the Korean Food and Drug Administration for  its functionalities in improving blood circulation, reducing fatigue, enhancing immunity, improving memory, and providing antioxidants^[1].

JungKwanJang has previously entered Costco and Amazon. "HongSamWon," available at Costco, is a caffeine-free red ginseng functional drink that has received positive responses from consumers, while products like "Everytime 2000mg" have garnered positive reviews on Amazon.

JungKwanJang is conducting scientific research on the efficacy and safety of key materials like red ginseng with a local research team at its R&D center near Fullerton, LA. Leveraging its R&D capabilities, the company is focused on discovering new functional ingredients and health materials.

Additionally, JungKwanJang has ranked first in the global ginseng retail market for ten consecutive years according to Euromonitor, and last year, it held a 46% market share in the global ginseng retail market.

[1] https://www.sciencedirect.com/science/article/pii/S1226845317303457

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SOURCE JungKwanJang

FAQ

What products is JungKwanJang offering at Sprouts Farmers Market?

JungKwanJang is offering 'Everytime 2000mg,' 'Everytime Powerful Deer Antler,' and 'Everytime Energy Boost' at Sprouts Farmers Market.

How much has JungKwanJang's 'Everytime' product line sold in Korea?

JungKwanJang's 'Everytime' product line achieved $1 billion in cumulative sales in Korea within eight years of its release.

What is JungKwanJang's market share in the global ginseng retail market?

According to the press release, JungKwanJang held a 46% market share in the global ginseng retail market last year.

Where is JungKwanJang conducting scientific research on red ginseng?

JungKwanJang is conducting scientific research on red ginseng efficacy and safety at its R&D center near Fullerton, LA.