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 US$ 12.5 million in 2023. By 2033, sales projections for yogurt powder in Korea indicate an expected valuation of US$ 24.3 million.
Key Trends to Bolster Revenues through 2033
| Attributes | Details |
|---|---|
| Industry Size in Korea in 2023 | US$ 12.5 million |
| Expected Industry Size of Korea by 2033 | US$ 24.3 million |
| Forecasted CAGR between 2023 to 2033 | 8.0% |
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| 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
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 12.5 million |
| Projected Industry Size by 2033 | US$ 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 US$ 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
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 (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) 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 (Tons) Analysis By Product type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product type, 2023 to 2033
5.3.1. Skimmed
5.3.2. Semi-Skimmed
5.3.3. Whole
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 Nature
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2023 to 2033
6.3.1. Organic
6.3.2. Conventional
6.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Flavoured
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Flavoured, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Flavoured, 2023 to 2033
7.3.1. Regular
7.3.2. Flavoured
7.3.2.1. Berries
7.3.2.2. Vanilla
7.3.2.3. Chocolate
7.3.2.4. Peach
7.3.2.5. Mango
7.3.2.6. Banana
7.3.2.7. Apple
7.3.2.8. Others (Passion Fruit, Blends)
7.4. Y-o-Y Growth Trend Analysis By Flavoured, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Flavoured, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
8.3.1. Food Industry
8.3.1.1. Dips and Dressings
8.3.1.2. Fillings
8.3.1.3. Bakery
8.3.1.4. Nutrition and Snack Bar
8.3.1.5. Desserts
8.3.1.6. Frozen Novelties
8.3.1.7. Dry Mixes
8.3.1.8. Others (Meat Products, Cereals)
8.3.2. Beverages
8.3.3. Cosmetics and Personal Care
8.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2023 to 2033
9.3.1. Household
9.3.2. HoReCa
9.3.3. Industrial
9.3.3.1. Food and Beverage Processors
9.3.3.2. Cosmetic Manufacturers
9.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
10.1. Introduction / Key Findings
10.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Distribution Channel, 2018 to 2022
10.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2023 to 2033
10.3.1. B2B
10.3.2. B2C
10.3.3. Store-Based Retail
10.3.3.1. Modern Grocery Retailers
10.3.3.2. Hypermarkets/Supermarkets
10.3.3.3. Convenience Stores
10.3.3.4. Food & Drink Specialty Stores
10.3.3.5. Independent Small Groceries
10.3.4. Online Retail
10.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022
10.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033
11. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
11.1. Introduction
11.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
11.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
11.3.1. South Gyeongsang
11.3.2. North Jeolla
11.3.3. South Jeolla
11.3.4. Jeju
11.3.5. Rest of
11.4. Market Attractiveness Analysis By Region
12. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Product type
12.2.2. By Nature
12.2.3. By Flavoured
12.2.4. By Application
12.2.5. By End Use
12.2.6. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Product type
12.3.2. By Nature
12.3.3. By Flavoured
12.3.4. By Application
12.3.5. By End Use
12.3.6. By Distribution Channel
12.4. Key Takeaways
13. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Product type
13.2.2. By Nature
13.2.3. By Flavoured
13.2.4. By Application
13.2.5. By End Use
13.2.6. By Distribution Channel
13.3. Market Attractiveness Analysis
13.3.1. By Product type
13.3.2. By Nature
13.3.3. By Flavoured
13.3.4. By Application
13.3.5. By End Use
13.3.6. By Distribution Channel
13.4. Key Takeaways
14. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Product type
14.2.2. By Nature
14.2.3. By Flavoured
14.2.4. By Application
14.2.5. By End Use
14.2.6. By Distribution Channel
14.3. Market Attractiveness Analysis
14.3.1. By Product type
14.3.2. By Nature
14.3.3. By Flavoured
14.3.4. By Application
14.3.5. By End Use
14.3.6. By Distribution Channel
14.4. Key Takeaways
15. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Product type
15.2.2. By Nature
15.2.3. By Flavoured
15.2.4. By Application
15.2.5. By End Use
15.2.6. By Distribution Channel
15.3. Market Attractiveness Analysis
15.3.1. By Product type
15.3.2. By Nature
15.3.3. By Flavoured
15.3.4. By Application
15.3.5. By End Use
15.3.6. By Distribution Channel
15.4. Key Takeaways
16. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
16.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Product type
16.2.2. By Nature
16.2.3. By Flavoured
16.2.4. By Application
16.2.5. By End Use
16.2.6. By Distribution Channel
16.3. Market Attractiveness Analysis
16.3.1. By Product type
16.3.2. By Nature
16.3.3. By Flavoured
16.3.4. By Application
16.3.5. By End Use
16.3.6. By Distribution Channel
16.4. Key Takeaways
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Product type
17.3.3. By Nature
17.3.4. By Flavoured
17.3.5. By Application
17.3.6. By End Use
17.3.7. By Distribution Channel
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Pomona
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Ballantyne
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. BALTIMA Sp. z o.o.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Biogrowing
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Glanbia PLC
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Epi Ingredients SAS
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Bempresa Ltd.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Armor Protéines
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Döhler Dahlenburg
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. C.P. Ingredients Ltd
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Demand and Trend Analysis of Yogurt Powder in Korea
