Demand for probiotic yogurt in Korea is anticipated to exhibit a promising CAGR of 9.0% through 2033. The sales of probiotic yogurt is expected to experience significant growth, increasing from US$ 193.3 million in 2023 to around US$ 456 million by 2033. This surge in demand for probiotic yogurt in Korea can be attributed to the growing awareness of its health benefits and an increasing emphasis on gut health, particularly among the health-conscious and aging population.
Key Highlights:
Westernized Dietary Trends Drive the Consumption of Probiotic Yogurt in Korea
The increasing adoption of a Westernized diet in Korea has led to a rise in digestive issues among the population. Conditions such as bloating, indigestion, and irritable bowel syndrome (IBS) have become more prevalent. This has created a demand for practical solutions to maintain a healthy diet, which can be achieved by regularly consuming probiotic yogurt.
Probiotic yogurt has gained significant popularity as a go-to remedy for digestive health issues in Korea. The live cultures in probiotic yogurt, including strains like Lactobacillus and Bifidobacterium, help improve digestion. They also enhance nutrient absorption and support a robust immune system. This surge in popularity has led to an increased demand for probiotic yogurt in Korea.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2023) | US$ 193.3 million |
Anticipated Forecast Value (2033) | US$ 456 million |
Estimated Growth (2023 to 2033) | 9.0% CAGR |
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On the basis of product type, the probiotic yogurt industry are segmented into drinkable and spoonable probiotic yogurt, with the former dominating the Korean landscape with a whopping share of 23% as of 2023.
Attributes | Details |
---|---|
Product Type | Drinkable |
Value Share in 2023 | 23% |
In a fast-paced society like Korea, where people often have hectic schedules, drinkable probiotic yogurt provides a quick and easy way to incorporate probiotics into their daily routine.
The availability of a wide range of flavors and formulations in the drinkable probiotic yogurt industry has further fueled its demand. Manufacturers have responded to the increasing demand for probiotic yogurt by introducing diverse flavors, such as fruit-infused or blended options, to cater to different tastes.
Based on the source, plant-based probiotic yogurt dominates the industry in Korea by holding an industry share of 13.00% in 2023.
Attributes | Details |
---|---|
Source | Plant-based |
Value share in 2023 | 13.00% |
Plant-based probiotic yogurt provides a viable option for those who follow a vegan or lactose-free diet, offering them the benefits of probiotics without the use of animal-derived ingredients. The availability of a wide range of flavors and textures in plant-based probiotic yogurt has further contributed to its dominance in the Korea probiotic yogurt industry.
The competitive landscape of the probiotic yogurt industry in Korea is a vibrant mix of international giants and local artisans. Global players with extensive resources and distribution networks have captured a significant share of the industry, catering to both domestic and international demand. Meanwhile, small-scale enterprises cater to local consumers seeking organic, plant-based, and untreated probiotic yogurt products. This blend of international prowess and local ingenuity creates a captivating and competitive industry, offering Korea’s probiotic yogurt enthusiasts a wide range of options.
Recent Developments in the Probiotic Yogurt Industry in Korea
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Attribute | Details |
---|---|
Estimated Valuation (2023) | US$ 193.3 million |
Projected Valuation (2033) | US$ 456 million |
Anticipated CAGR (2023 to 2033) | 9.0% CAGR |
Historical Analysis of Demand for Probiotic Yogurt in Korea | 2018 to 2022 |
Demand Forecast for Probiotic Yogurt in Korea | 2023 to 2033 |
Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Key Provinces Analyzed | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
Key Companies Profiled | Seoul Milk; Binggrae; Namyang Dairy; Ottogi Dairy; Lotte Foods; CJ Cheiljedang; Yoplait Korea; Yakult Korea; Dongwon Food; Maeil Dairies; Seoul Dairy Cooperative; Hanssem Foods |
The anticipated CAGR for probiotic yogurt in Korea through 2033 is 9.0%.
Demand for probiotic yogurt in Korea is likely to reach US$ 456 million by 2033.
Drinkable probiotic yogurt are more common in Korea than their counterparts.
Plant-based probiotic yogurt is more in demand in Korea than animal-based.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Unit pack) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit pack) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit pack) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit pack) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Drinkable Probiotic Yogurt
5.3.2. Spoonable Probiotic Yogurt
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Flavor
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit pack) Analysis By Flavor, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit pack) Analysis and Forecast By Flavor, 2023 to 2033
6.3.1. Regular/Unflavoured
6.3.2. Flavoured
6.3.2.1. Vanilla
6.3.2.2. Strawberry
6.3.2.3. Blueberry
6.3.2.4. Peach
6.3.2.5. Others
6.4. Y-o-Y Growth Trend Analysis By Flavor, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Flavor, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Unit pack) Analysis By Sales Channel, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit pack) Analysis and Forecast By Sales Channel, 2023 to 2033
7.3.1. Hypermarkets/Supermarkets
7.3.2. Convenience Stores
7.3.3. Specialty Stores
7.3.4. Online Retailers
7.3.5. Wholesalers
7.3.6. Grocery Stores
7.3.7. Other Retail Formats
7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Unit pack) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Unit pack) Analysis and Forecast By Region, 2023 to 2033
8.3.1. South Gyeongsang
8.3.2. North Jeolla
8.3.3. South Jeolla
8.3.4. Jeju
8.3.5. Rest of
8.4. Market Attractiveness Analysis By Region
9. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) & Volume (Unit pack) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Unit pack) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Product Type
9.2.2. By Flavor
9.2.3. By Sales Channel
9.3. Market Attractiveness Analysis
9.3.1. By Product Type
9.3.2. By Flavor
9.3.3. By Sales Channel
9.4. Key Takeaways
10. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Unit pack) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Unit pack) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Product Type
10.2.2. By Flavor
10.2.3. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Product Type
10.3.2. By Flavor
10.3.3. By Sales Channel
10.4. Key Takeaways
11. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Unit pack) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Unit pack) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Product Type
11.2.2. By Flavor
11.2.3. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Product Type
11.3.2. By Flavor
11.3.3. By Sales Channel
11.4. Key Takeaways
12. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Unit pack) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Unit pack) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Product Type
12.2.2. By Flavor
12.2.3. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Product Type
12.3.2. By Flavor
12.3.3. By Sales Channel
12.4. Key Takeaways
13. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Unit pack) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Unit pack) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Product Type
13.2.2. By Flavor
13.2.3. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Product Type
13.3.2. By Flavor
13.3.3. By Sales Channel
13.4. Key Takeaways
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Product Type
14.3.3. By Flavor
14.3.4. By Sales Channel
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Yakult Honsha Co., Ltd.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. General Mills Inc.
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. i-Health Inc.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Lallemand Inc.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Lifeway Foods, Inc.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Mother Dairy Fruit & Vegetable Pvt. Ltd.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Kerry
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Nestle S.A.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Probi
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Danisco A/S
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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