Yogurt Powder Market in Korea – Growth & Product Applications

Analytical Study of Yogurt Powder in Korea from 2023 to 2033

Sales of yogurt powder in Korea are poised to surge at an 8.0% CAGR through 2033. The overall demand for yogurt powder in Korea is set to rise significantly, reaching a valuation of USD 12.5 million in 2023. By 2033, sales projections for yogurt powder in Korea indicate an expected valuation of USD 24.3 million.

Key Trends to Bolster Revenues through 2033

• There is a global trend toward incorporating technology in wellness and health. Yogurt powder products that follow the latest trends in health monitoring and integrate features such as wearable devices or health app syncing are gaining traction in Korea.
• Yogurt powder products that highlight environmentally friendly packaging, ethical sourcing, and minimal environmental impact are likely to become more popular as global society places more emphasis on sustainability, including the food sector.
• Beauty and skincare have received a lot of attention in Korea. The idea of 'beauty from within' has made functional products with anti-aging qualities popular. Supplementing yogurt powder with nutrients that improve skin health or appearance could represent a novel trend.
• Convenient and on-the-go snacks continue to be popular. Due to its versatility, yogurt powder can be used to create snack items that are easy to carry.
• The growing popularity of plant-based diets and product preferences is impacting yogurt powder sales. Plant-based yogurt powder could become increasingly popular as a way to satisfy customers who are searching for sustainable solutions or who avoid dairy.

Attributes	Details
Industry Size in Korea in 2023	USD 12.5 million
Expected Industry Size of Korea by 2033	USD 24.3 million
Forecasted CAGR between 2023 to 2033	8.0%

Key Insights - Highlights on the Emerging Opportunities in the Korea Yogurt Powder Industry

• Integrating skin-beneficial elements like collagen, antioxidants, or traditional Korean herbs into yogurt powder products will help them align with the K-Beauty trend. This strategy could be appealing to customers who value holistic well-being and attractiveness.
• Creating yogurt powder products specifically designed for ingestion before or after exercise to explore prospects in the sports and fitness industry. Emphasize the product's advantages for muscle rehabilitation, energy-boosting qualities, or protein content.
• Focusing on developing combinations of yogurt powder with distinctive hues, textures, or aesthetic appeal. Consider adding items like colored natural additives, frozen fruits, or crunchy toppings that offer a sensory experience.
• Using smart packaging technologies, such as NFC tags or QR codes, to provide customers with additional details about the food, such as its origin, nutritional content, and how to use it.
• Partnering with businesses in complementary sectors, including food, fitness, or hospitality, to develop co-branded goods or unique services. This can reach a wider audience and appeal to a variety of customer groups.

Category-wise insights

Rising Shift toward Healthy Eating Boosts Demand for Skimmed Yogurt Powder

Leading Product Type for Yogurt Powder in Korea	Skimmed Yogurt Powder
Total Value Share (2023)	57.2%

The shift toward healthy eating options in Korea is supported by skimmed yogurt powder. Skimmed or low-fat dairy products are perceived as healthier alternatives by consumers who are becoming more conscious of their calorie and fat intake. Demand is rising, in part, because low-fat or skimmed dairy products are associated with fitness objectives and weight control.

Moreover, the growing awareness of dietary preferences and limitations among consumers is driving up demand for skimmed yogurt powder among individuals on low-fat or low-calorie diets or those who may be subject to dietary restrictions regarding fat content.

Wide Accessibility Surges Demand for Regular-flavored Yogurt Powder

Leading Flavor for Yogurt Powder in Korea	Regular
Total Value Share (2023)	75.7%

Regular-flavored yogurt powder is widely available and easy to obtain in a variety of physical and online retail channels, which adds to its appeal. Availability and accessibility are important variables affecting consumption choices. Yogurt powder with a regular flavor can be used in various culinary processes, such as baking, frying, and making savory and sweet meals.

Customers like how versatile regular-flavored yogurt powder is since it can be used in various dishes. Yogurt powder with regular flavors can still provide probiotics and other vital nutrients, as well as the functional advantages of yogurt. It could draw in health-conscious customers if it is promoted as a product that improves digestive health and general well-being.

Competitive Landscape

The yogurt powder industry in Korea is driven by a thriving and competitive environment that includes established domestic firms and multinational brands striving for dominance. The industry dynamics are shaped by changing customer tastes, health and wellness trends, and the continuous appeal of dairy-based products in Korean cuisine.

Local businesses use their extensive knowledge of the Korean consumer base and cultural subtleties to deliberately position their yogurt powder options in line with traditional flavor profiles and nutritional requirements. Concurrently, multinational players offer knowledge of product innovation and marketing tactics to acquire a varied consumer base.

Strategies for Key Players to Tap into Potential Growth Opportunities

• Increase product offerings to include yogurt powder varieties catering to various customer categories and preferences.
• In marketing, emphasize the health advantages of yogurt powder, leveraging on the growing demand for functional and wellness-oriented goods.
• To appeal to environmentally sensitive consumers, prioritize ingredient sources and sustainable packaging transparency.
• Enhance your online presence using e-commerce platforms and digital marketing methods to engage direct consumers.

Recent Developments:

• In September 2023, SIG and AnaBio Technologies announce the first global introduction of a long-life probiotic yogurt - a significant advance for probiotic drinks and aseptic packaging. This game-changing innovation introduces a new product category: probiotic drinks packaged in aseptic carton packs and spouted pouches that are shelf-stable for extended periods of time without refrigeration.
• In February 2022, Starbucks introduced a vegan yogurt drink in Korea. Starbucks' 'Pine Coco Green Yogurt Blended' beverage is the first of its kind anywhere in the world.

Some of the Key Players in Yogurt Powder in Korea

• Binggrae Co., Ltd.
• Namyang Dairy Products Co., Ltd.
• Maeil Dairies Co., Ltd.
• Seoul Dairy Cooperative
• Lotte Confectionery Co., Ltd.
• Ottogi Corporation
• Yonsei Milk
• Pulmuone Co., Ltd.
• Dongwon F&B Co., Ltd.
• Haitai Confectionery & Foods Co., Ltd.

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	USD 12.5 million
Projected Industry Size by 2033	USD 24.3 million
Anticipated CAGR between 2023 to 2033	8.0% CAGR
Historical Analysis of Demand for Yogurt Powder in Korea	2018 to 2022
Demand Forecast for Yogurt Powder in Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Analysis of key factors influencing Yogurt Powder Adoption in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korean Manufacturers
Key Cities Analyzed While Studying Opportunities in Yogurt Powder in Korea	South Gyeongsang, North Jeolla, South Jeolla, Jeju
Key Companies Profiled	Binggrae Co., Ltd.; Namyang Dairy Products Co., Ltd.; Maeil Dairies Co., Ltd.; Seoul Dairy Cooperative; Lotte Confectionery Co., Ltd.; Ottogi Corporation; Yonsei Milk; Pulmuone Co., Ltd.; Dongwon F&B Co., Ltd.; Haitai Confectionery & Foods Co., Ltd.

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
• 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type
  • 5.1. Skimmed
  • 5.2. Semi-Skimmed
  • 5.3. Whole
• 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature
  • 6.1. Organic
  • 6.2. Conventional
• 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Flavour
  • 7.1. Regular
  • 7.2. Flavoured
    • 7.2.1. Berries
    • 7.2.2. Vanilla
    • 7.2.3. Chocolate
    • 7.2.4. Peach
    • 7.2.5. Mango
    • 7.2.6. Banana
    • 7.2.7. Apple
    • 7.2.8. Others (Passion Fruit, Blends)
• 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
  • 8.1. Food Industry
    • 8.1.1. Dips and Dressings
    • 8.1.2. Fillings
    • 8.1.3. Bakery
    • 8.1.4. Nutrition and Snack Bar
    • 8.1.5. Desserts
    • 8.1.6. Frozen Novelties
    • 8.1.7. Dry Mixes
    • 8.1.8. Others (Meat Products, Cereals)
  • 8.2. Beverages
  • 8.3. Cosmetics and Personal Care
• 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use
  • 9.1. Household
  • 9.2. HoReCa
  • 9.3. Industrial
    • 9.3.1. Food and Beverage Processors
    • 9.3.2. Cosmetic Manufacturers
• 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
  • 10.1. B2B
  • 10.2. B2C
  • 10.3. Store-Based Retail
    • 10.3.1. Modern Grocery Retailers
    • 10.3.2. Hypermarkets/Supermarkets
    • 10.3.3. Convenience Stores
    • 10.3.4. Food & Drink Specialty Stores
    • 10.3.5. Independent Small Groceries
  • 10.4. Online Retail
• 11. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 11.1. South Gyeongsang
  • 11.2. North Jeolla
  • 11.3. South Jeolla
  • 11.4. Jeju
  • 11.5. Rest of Region
• 12. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 13. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 14. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 15. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 16. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Pomona
  • 18.2. Ballantyne
  • 18.3. BALTIMA Sp. z o.o.
  • 18.4. Biogrowing
  • 18.5. Glanbia PLC
  • 18.6. Epi Ingredients SAS
  • 18.7. Bempresa Ltd.
  • 18.8. Armor Protéines
  • 18.9. Döhler Dahlenburg
  • 18.10. C.P. Ingredients Ltd
• 19. Assumptions & Acronyms Used
• 20. Research Methodology