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Report
South Korea Lactose-Free Yogurt Market Report and Forecast 2023-2028
Market Report I 2023-10-27 I 178 Pages I EMR Inc.
South Korea Lactose-Free Yoghurt Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the South Korea lactose-free yoghurt market reached a value of more than USD 79 million in 2022. Aided by the escalating demand for digestive health-focused food products and growing lactose intolerance among people, the market is expected to grow at a CAGR of 13% between 2023 and 2028, reaching a value of USD 142.36 million by 2028.
Lactose-free yoghurt is a specialised form of yoghurt that is produced without lactose, a sugar present in milk that may cause digestive issues in lactose-intolerant individuals. This product provides the same beneficial probiotics, vitamins, and minerals as regular yoghurt but without the lactose content. It plays a pivotal role in maintaining gut health, boosting the immune system, and ensuring overall wellness.
In addition to its health benefits, lactose-free yoghurt also possesses excellent taste and texture attributes, making it an appealing ingredient in various food applications, including desserts, snacks, and beverages. The growing consumer preference for health-centric food products, particularly those promoting digestive wellness, is driving the South Korea lactose-free yoghurt market growth.
With the increasing awareness of the health benefits associated with the consumption of probiotics, there has been a significant shift towards probiotic-rich diets, leading to the rising South Korea lactose-free yoghurt market demand. Moreover, the growing prevalence of lactose intolerance and the escalating trend of health and wellness have further contributed to the increasing popularity of lactose-free yoghurt, as it is a nutritious ingredient in dietary regimes adopted by health-conscious individuals.
The expanding applications of lactose-free yoghurt in various sectors also play a substantial role in propelling the South Korea lactose-free yoghurt market development. In the food and beverage industry, lactose-free yoghurt is used as a base ingredient in the production of smoothies, parfaits, and desserts. The cosmetic industry utilises lactose-free yoghurt for its skin-nourishing properties, which are critical in the formulation of various skincare products.
Further, the growing demand for dairy-based alternatives that cater to the needs of lactose-intolerant and health-conscious consumers has led to an increased focus on lactose-free yoghurt as a viable product in the food and beverage sector. With the rise of personalised nutrition and the increasing popularity of gut-friendly diets, lactose-free yoghurt has emerged as a key component in the formulation of a variety of food and beverage products, thereby boosting the South Korea lactose-free yoghurt market expansion.
Market Segmentation
The market can be divided based on source, type, and distribution channel.
Market Breakup by Source
- Organic
- Conventional
Market Breakup by Type
- Plain
- Flavoured
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the South Korea lactose-free yoghurt companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Arla Foods Ingredients Group P/S
- Nestle SA
- 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 Lactose-Free Yogurt Market Overview
8.1 Key Industry Highlights
8.2 South Korea Lactose-Free Yogurt Historical Market (2018-2022)
8.3 South Korea Lactose-Free Yogurt Market Forecast (2023-2028)
9 South Korea Lactose-Free Yogurt Market by Source
9.1 Organic
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Conventional
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 South Korea Lactose-Free Yogurt Market by Type
10.1 Plain
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Flavoured
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
11 South Korea Lactose-Free Yogurt Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Convenience Stores
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 Speciality Stores
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 Online
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 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 of Demand
12.4 Key Indicators of Price
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Arla Foods Ingredients Group P/S
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Nestle SA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Danone Pulmuone Co., Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Lactose-Free Yogurt Market: Key Industry Highlights, 2018 and 2028
2. South Korea Lactose-Free Yogurt Historical Market: Breakup by Source, 2018-2022
3. South Korea Lactose-Free Yogurt Market Forecast: Breakup by Source, 2023-2028
4. South Korea Lactose-Free Yogurt Historical Market: Breakup by Type, 2018-2022
5. South Korea Lactose-Free Yogurt Market Forecast: Breakup by Type, 2023-2028
6. South Korea Lactose-Free Yogurt Historical Market: Breakup by Distribution Channel, 2018-2022
7. South Korea Lactose-Free Yogurt Market Forecast: Breakup by Distribution Channel, 2023-2028
8. South Korea Lactose-Free Yogurt Market Structure
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