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Driven by a growing understanding of the health advantages linked to probiotic consumption, there has been a substantial movement towards incorporating probiotic-rich options into daily diets. This trend directly translates to rising demand for lactose-free yogurt within the South Korean market. This surge is attributable to the product's ability to cater to health-conscious consumers seeking both the well-documented benefits of probiotics and the elimination of lactose, a common dietary concern.
The rise of lactose intolerance and the growing emphasis on health and wellness have aided the South Korea lactose-free yogurt market growth. This product caters to a specific dietary need while aligning with the nutritional preferences of health-conscious individuals seeking to incorporate wholesome elements into their dietary regimes.
The market is being driven not only by direct consumption of yogurt but also by its expanding applications across various industries. Within the food and beverage sector, lactose-free yogurt serves as a key ingredient in the production of popular items like smoothies, parfaits, and desserts. This broadens its appeal and market reach. Furthermore, the cosmetic industry has discovered the potential of lactose-free yogurt's skin-nourishing properties. This has led to its incorporation into the formulation of various skincare products, creating an additional avenue for market growth.
Nestlé SA (OTCMKTS: NSRGY) recognises the growing demand for plant-based alternatives and offers a comprehensive selection of nutritious and delicious plant-based dairy products. These products cater to a variety of dietary needs, including those with lactose intolerance or those who follow dairy-free or vegan lifestyles.
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The major players in the South Korea lactose-free yogurt market are Arla Foods Ingredients Group P/S, Nestlé SA, and Danone Pulmuone Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Type |
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Breakup by Distribution Channel |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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