South Korea Frozen Yoghurt Market Report and Forecast 2024-2032

South Korea Frozen Yoghurt Market Size

The South Korea frozen yoghurt industry is expected to grow at a CAGR of 3.5% between 2024 and 2032. Customers seeking a healthy alternative to frozen desserts are anticipated to have a wide range of alternatives thanks to the rising popularity of low-fat frozen yoghurt and the launch of healthy lactose-free as well as non-dairy versions in a number of flavours.

Furthermore, customers are choosing quick frozen dessert-based snacks, which is also bolstering the frozen yoghurt market in South Korea.

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South Korea Frozen Yoghurt Market Trends

Yoghurt taste and an ice cream-like texture characterise frozen yoghurt. Typically, it is made by adding natural yoghurt to an ice cream mixture and freezing it. There are several types of frozen yoghurt, including firm, soft, and mousse-frozen variants. These are widely eaten as desserts in South Korea.

Frozen Yoghurt, a Healthy Alternative to Conventional Ice Creams

One of the most well-liked desserts is frozen yoghurt. Since yoghurt is made from cultured milk, which sometimes leaves behind a sour taste, frozen yoghurt also contains added sugars and flavours to balance out the sourness. In addition, frozen yoghurt includes probiotics because it is made of yoghurt. Frozen yoghurt generally has less calories and less fat than ice cream, however, the nutritional value varies by brand. It is also said to contain more protein than ice cream, which makes frozen yoghurt a superior substitute for ice cream. This factor attracts health-conscious consumers who don't want to compromise with taste while focusing on their health.

Growing Demand for Sustainable and Availability of Several Flavour Variants Boosts the Frozen Yoghurt Market in South Korea

It is anticipated that the use of natural flavours and the development of vegan frozen yoghurt in a variety of flavours will present opportunities for market participants. Additionally, it is projected that the industry will grow in the next few years due to the popularity of frozen yoghurt as a refreshing dessert throughout the summer. Consumers are now much more inclined toward sustainable food products, and there's an increased demand for plant-based vegan food items, which also aids the development of the market as manufacturers now launch various flavour variants of foryo in the market. Moreover, due to urbanisation, improved living standards, and rising disposable income, people now more willingly spend on premium frozen yoghurt. Low-sugar desserts are popular among both the elderly and younger generations, which bolsters the growth of the yoghurt market in South Korea.

South Korea Frozen Yoghurt Market Analysis

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Based on type, the south Korea frozen yoghurt market is segmented into dairy-based and non-dairy- based. The dairy-based segment is sub-segmented into conventional and lactose free. Based on flavour, the frozen yoghurt market of South Korea is divided into regular and flavoured. On the basis of distribution channel, the frozen yoghurt market of South Korea is bifurcated into supermarket/hypermarket, convenience stores, and online stores, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea frozen yoghurt market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Lotte Confectionery Co.,Ltd.

• Namyang Co., Ltd.

• Binggrae Co., Ltd.

• Maeil Co.Ltd.

• Danone Pulmuone Co., Ltd

• Others

Market Share by Type

The growth of the frozen yoghurt market is expected to be aided by the increasing consumer awareness regarding healthy food choices and the increased number of lactose intolerant people in South Korea. This leads to increased consumption of lactose-free dairy products, and with an increase in disposable income, more people now choose non-dairy variants as well.

Market Share by Flavour

With the increasing demand for frozen yoghurt, manufacturers are launching various flavours to cater to the desires of all age groups. Although there are many different frozen yoghurt alternatives, they all offer certain health benefits, including lower calories, less fat, and more good bacteria. Frozen yoghurt contains helpful probiotic bacteria, which is beneficial for the digestive system. There are other nutrients, including protein, vitamin D, and calcium. This factor aids in attracting health-conscious consumers in the country.

Market Share by Distribution Channel

The distribution of frozen yoghurt is growing gradually due to various offers and coupons provided when purchased on online platforms. The market is quite competitive and is continuously developing due to the continuous research and development work of companies. Offline distribution chains are well established in South Korea therefore supermarkets/hyperstores and convenience stores have a strong presence. The ease of payment options also aids in making revenue via online channels, thereby boosting the frozen yoghurt market growth in South Korea.

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Competitive Landscape of South Korea Frozen Yoghurt Industry

Namyang Co., Ltd.- Yoghurt, milk, ice cream, infant formula, cheese, and other dairy products are all produced by Namyang Dairy Products Co., Ltd. The company mostly sells its goods domestically. The company was incorporated in 1964 with headquarters in Seoul South Korea.

Binggrae Co., Ltd.- A South Korean business called Binggrae Co., Ltd. produces and sells products for the processing of dairy. Milk, milk products, and snacks are all produced and sold by Binggrae. Through constant challenges, research, and innovation since its founding in 1967, Binggrae has helped the Republic of Korea's food sector progress.

Key Highlights of the Report