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Report
South Korea Frozen Yoghurt Market Report and Forecast 2024-2032
Market Report I 2023-11-17 I 157 Pages I EMR Inc.
South Korea Frozen Yoghurt Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the South Korea frozen yoghurt market is projected to grow at a CAGR of 3.5% between 2024 and 2032. Aided by the increasing demand for healthier dessert alternatives and a rise in consumer consciousness towards nutritious food intake, the market is expected to grow significantly by 2032.
Frozen yoghurt is a dessert made with yoghurt and sometimes other dairy and non-dairy products. Low fat content, fewer calories, and presence of probiotic cultures make it a favourite amongst health-conscious consumers. Frozen yoghurt is also versatile, being used in a variety of forms such as bars, shakes, and smoothies, adding to its popularity.
The increasing preference for nutritious food products is a significant driver of the South Korea frozen yoghurt market growth. Consumers, increasingly aware of the health benefits associated with yoghurt consumption, are shifting towards frozen yoghurt as a healthier alternative to traditional ice cream. This transition has resulted in a surge in demand for frozen yoghurt products, especially amongst the urban and health-conscious population.
Additionally, the burgeoning fitness trend in South Korea has also contributed to the escalating popularity of frozen yoghurt. As a high-protein dessert, it is frequently consumed by athletes and fitness enthusiasts, further bolstering the South Korea frozen yoghurt market demand.
The expanding applications of frozen yoghurt in the food and beverage industry also play a substantial role in propelling the market growth. Apart from being served as a standalone dessert, frozen yoghurt is also being used as a key ingredient in various food recipes, including baked goods, drinks, and even savoury dishes.
Moreover, the increase in veganism and the rising popularity of plant-based diets have led to an increased focus on frozen yoghurt as a viable alternative to dairy-based products. With the advent of dairy-free frozen yoghurt made from almond milk, coconut milk, and other plant-based milks, the market has been able to tap into the growing vegan consumer base, thereby boosting the South Korea frozen yoghurt market development.
The influence of western eating habits, coupled with a strong food and beverage sector in South Korea, is further enhancing the South Korea frozen yoghurt market growth. Brands are continually innovating and experimenting with flavours, toppings, and combinations to cater to the evolving consumer palette, leading to a dynamic and competitive market landscape.
Market Segmentation
The market can be divided based on type, flavour, and distribution channel.
Market Breakup by Type
- Dairy-based
o Conventional
o Lactose Free
- Non-Dairy-Based
Market Breakup by Flavour
- Regular
- Flavoured
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the South Korea frozen yoghurt market. Some of the major players explored in the report by Expert Market Research are as follows:
- Lotte Confectionery Co.,Ltd
- Namyang Co., Ltd.
- Binggrae Co., Ltd.
- Maeil Co.Ltd
- Danone Pulmuone Co., Ltd.,
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 South Korea Frozen Yoghurt Market Overview
8.1 Key Industry Highlights
8.2 South Korea Frozen Yoghurt Historical Market (2018-2023)
8.3 South Korea Frozen Yoghurt Market Forecast (2024-2032)
9 South Korea Frozen Yoghurt Market by Type
9.1 Dairy-based
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.1.4 Breakup by Type
9.1.4.1 Conventional
9.1.4.2 Lactose Free
9.2 Non-Dairy-Based
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 South Korea Frozen Yoghurt Market by Flavour
10.1 Regular
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Flavoured
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
11 South Korea Frozen Yoghurt Market by Distribution Channel
11.1 Supermarket/Hypermarkets
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Convenience Stores
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 Online
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis
13.1 Major Exporting Countries
13.1.1 by Value
13.1.2 by Volume
13.2 Major Importing Countries
13.2.1 by Value
13.2.2 by Volume
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Lotte Confectionery Co.,Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Namyang Co., Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Binggrae Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Maeil Co.Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Danone Pulmuone Co., Ltd.,
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Frozen Yoghurt Market: Key Industry Highlights, 2018 and 2032
2. South Korea Frozen Yoghurt Historical Market: Breakup by Type (USD Million), 2018-2023
3. South Korea Frozen Yoghurt Market Forecast: Breakup by Type (USD Million), 2024-2032
4. South Korea Frozen Yoghurt Historical Market: Breakup by Flavour (USD Million), 2018-2023
5. South Korea Frozen Yoghurt Market Forecast: Breakup by Flavour (USD Million), 2024-2032
6. South Korea Frozen Yoghurt Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. South Korea Frozen Yoghurt Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. South Korea Frozen Yoghurt Market Structure
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