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
| 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% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
| 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.
| 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.
Principal Consultant
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.
Recent Developments:
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| 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. |
The expected CAGR until 2033 stands at 8.0%.
The demand for yogurt powder in Korea is projected to reach USD 24.3 million by 2033.
Health and wellness trends influence the demand for yogurt powder in Korea.
Yogurt powder businesses emphasize localized marketing strategies.
Skimmed yogurt powder is highly preferred in Korea.
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
Explore Food and Beverage Insights
View Reports
Demand and Trend Analysis of Yogurt Powder in Korea
