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The South Korea frozen yoghurt industry is expected to grow at a CAGR of 3.5% between 2023 and 2028. 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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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.
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.
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.
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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.
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.
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.
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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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.
REPORT FEATURES | DETAILS |
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Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
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 Type |
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Breakup by Flavour |
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Breakup by Distribution Channel |
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Market Dynamics |
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Trade Data Analysis |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 (2018-2022)
8.3 South Korea Frozen Yoghurt Market Forecast (2023-2028)
9 South Korea Frozen Yoghurt Market by Type
9.1 Dairy-based
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
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 (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 South Korea Frozen Yoghurt Market by Flavour
10.1 Regular
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 Frozen Yoghurt Market by Distribution Channel
11.1 Supermarket/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 Online
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
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 2028
2. South Korea Frozen Yoghurt Historical Market: Breakup by Type (USD Million), 2018-2022
3. South Korea Frozen Yoghurt Market Forecast: Breakup by Type (USD Million), 2023-2028
4. South Korea Frozen Yoghurt Historical Market: Breakup by Flavour (USD Million), 2018-2022
5. South Korea Frozen Yoghurt Market Forecast: Breakup by Flavour (USD Million), 2023-2028
6. South Korea Frozen Yoghurt Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. South Korea Frozen Yoghurt Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. South Korea Frozen Yoghurt Market Structure
The market is projected to grow at a CAGR of 3.5% between 2023 and 2028.
Urbanization, improved living standards, R&D work, rising disposable income, premiumization of frozen yoghurt, and the availability of lactose-free variants are the major drivers of the industry.
Health benefits and growing demand for sustainable frozen yoghurt are the key trends of South Korea frozen yoghurt market.
The dominant type of frozen yoghurt in the industry are dairy-based and non-dairy- based.
The leading distribution channels in the market are supermarkets/ hypermarkets, convenience stores, and online, among others.
The major players in the industry are Lotte Confectionery Co.,Ltd., Namyang Co., Ltd., Binggrae Co., Ltd., Maeil Co.Ltd., and Danone Pulmuone Co., Ltd., among others.
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