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South Korea Lactose-Free Yogurt Market

South Korea Lactose-Free Yogurt Market Analysis, Forecast: By Source: Organic, Conventional; By Type: Plain, Flavoured; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Speciality Stores, Online, Others; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

South Korea Lactose-Free Yogurt Market Outlook

The South Korea lactose-free yogurt market size reached a value of more than USD 88.88 million in 2023. The South Korea lactose-free yogurt industry is expected to grow at a CAGR of 12.3% between 2024 and 2032, reaching a value of USD 253.09 million by 2032.

 

south korea lactose free yogurt market

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Key Trends in the South Korea Lactose-Free Yogurt Market

Lactose-free yoghurt is a creamy, wholesome, and sometimes non-dairy vegan food item that supports vegans in meeting their dietary requirements. People use actual dairy products like milk to produce yoghurt, but they also add an enzyme called lactase to break down the lactose in the milk. They employ the same components as traditional dairy milk, so their products taste precisely the same but don't come with the inconveniences.

 

Low-Fat and Low-Sugar Content of Lactose-Free Yogurt and Increasing Consumer Awareness are Majorly Driving the Market

Lactose-free yogurt has a significant amount of vitamins, minerals, amino acids, and vital lipids, which promote metabolism and reduce inflammation. Almonds, coconuts, soy, oats, peas, flax, cashews, and other non-dairy and lactose-free ingredients are sometimes used in its preparation. Simply by consuming lactose-free yogurt, those with lactose intolerance can enjoy all the nutritious advantages of it without the unpleasant digestive symptoms. Lactose-free dairy contains the enzyme lactase, which breaks down the sugar lactose into glucose and galactose, which the body can digest more easily. The market for lactose-free yoghurt will grow as low-fat, low-sugar content food items become more and more popular. Macroeconomic variables that favourably affect the South Korea lactose-free yoghurt market include increased consumer awareness regarding health and the growing need for ice cream substitutes for children. 

 

Lactose Intolerance Among the Korean Population Serves as an Opportunity for the Businesses for Expansion

A digestive problem called lactose intolerance is brought on by the inability to properly digest lactose. The enzyme lactase, which is required to digest lactose, is not produced in sufficient amounts in those with lactose intolerance. The primary carbohydrate in dairy products is lactose. Even in those who have never before had a dairy sensitivity, lactose intolerance can appear at birth or emerge unexpectedly later in life. More than 75% of people are lactose intolerant, which presents market players with a plethora of growth prospects as dairy items are not a component of the traditional Korean diet.

 

Market Analysis

 

south korea lactose free yogurt market by segments

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Based on source, the lactose-free yogurt market of South Korea is divided into organic and conventional. On the basis of type, the South Korea lactose-free yogurt is segmented into plain and flavoured. Based on distribution channel, the lactose-free yogurt market of South Korea is bifurcated into supermarkets and hypermarkets, convenience stores, speciality stores, and online, 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 lactose-free yogurt market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Arla Foods Ingredients Group P/S
  • Nestlé SA
  • Danone Pulmuone Co., Ltd.
  • Others

 

Market Share by Source

Due to the increased lactose-intolerant population, the majority of people seek out plant-based or lactose-free dairy items, which increases the demand for both organic and conventional yogurts. Another factor that propels the market for lactose-free yoghurts is the increased awareness of clean-label products. With the increasing use of social media, people, especially the younger generations, are more interested in trying out sustainable, healthy, and vegan diets, which is gradually making the organic segment popular in South Korea.

 

Market Share by Type

Due to reasons including increased demand, increasing disposable income, improved living standards, and accessibility, both the plain and flavoured sectors grew over the historical period. The market for lactose-free dairy products has significant development potential as a result of the increased health advantages brought on by advances in lactose-free dairy products. The marketing of lactose-free dairy products that make claims about being gluten-free, low-sugar, or sugar-free aids in growing the consumer base.

 

Market Share by Distribution Channel

Due to their popularity and wide client bases, convenience shops, hypermarkets, and supermarkets are key outlets for dairy-free yoghurt. They provide the product at affordable pricing in a variety of packages and flavours. The lactose-free yoghurt sector had very modest effects from the COVID-19 epidemic. The pandemic had an impact on the supply and demand chain since it made it more difficult to procure ingredients and other essential goods. However, the online segment grew during the pandemic and people now opt for online retail channels due to doorstep delivery, discount offers, coupons and other benefits.

 

south korea lactose free yogurt market report

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Competitive Landscape

Arla Foods Ingredients Group P/S- Arla Foods Ingredients is a prominent whey ingredient provider for baby nutrition, baking, dairy, medicinal applications, and sports nutrition. Arla Foods Ingredients is the fifth-largest dairy firm in the world. We are renowned for having the best standards for quality, innovation, and food safety in the sector. A division of Arla Foods, Arla Foods Ingredients Group P/S is headquartered in Denmark.

 

Danone Pulmuone Co., Ltd- The international dairy product producer Danone has a Korean subsidiary called Danone Pulmuone Co., Ltd. It provides domestic consumers with a selection of high-quality yoghurt brands through discount shops, merchants, home delivery sales channels, and meal delivery services away from home. The headquarter of Danone Pulmuone Co., Ltd. is in South Korea.  It was founded in 2008.

 

Key Highlights of the Report

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:

  • Source
  • Type
  • Distribution Channel
Breakup by Source
  • Organic
  • Conventional
Breakup by Type
  • Plain
  • Flavoured
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Arla Foods Ingredients Group P/S
  • Nestlé SA
  • Danone Pulmuone Co., Ltd.
  • Others

 

*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 Lactose-Free Yogurt Market Overview

    8.1    Key Industry Highlights
    8.2    South Korea Lactose-Free Yogurt Historical Market (2018-2023) 
    8.3    South Korea Lactose-Free Yogurt Market Forecast (2024-2032)
9    South Korea Lactose-Free Yogurt Market by Source
    9.1    Organic
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023)
        9.1.3    Forecast Trend (2024-2032)
    9.2    Conventional
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023)
        9.2.3    Forecast Trend (2024-2032)
10    South Korea Lactose-Free Yogurt Market by Type
    10.1    Plain
        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 Lactose-Free Yogurt Market by Distribution Channel
    11.1    Supermarkets and 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    Speciality Stores
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023)
        11.3.3    Forecast Trend (2024-2032)
    11.4    Online
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023)
        11.4.3    Forecast Trend (2024-2032)
    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    Nestlé 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 2032
2.    South Korea Lactose-Free Yogurt Historical Market: Breakup by Source, 2018-2023
3.    South Korea Lactose-Free Yogurt Market Forecast: Breakup by Source, 2024-2032
4.    South Korea Lactose-Free Yogurt Historical Market: Breakup by Type, 2018-2023
5.    South Korea Lactose-Free Yogurt Market Forecast: Breakup by Type, 2024-2032
6.    South Korea Lactose-Free Yogurt Historical Market: Breakup by Distribution Channel, 2018-2023
7.    South Korea Lactose-Free Yogurt Market Forecast: Breakup by Distribution Channel, 2024-2032
8.    South Korea Lactose-Free Yogurt Market Structure

Key Questions Answered in the Report

In 2023, the South Korea lactose-free yogurt market attained a value of nearly USD 88.88 million.

The market is projected to grow at a CAGR of 12.3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 253.09 million by 2032.

Increased demand, increasing disposable income, improved living standards, accessibility, and increased awareness of clean-label products are major drivers of the lactose-free yogurt market in South Korea.

The Low-fat and low-sugar content of lactose-free yogurt increased consumer awareness of health, and the growing need for finding ice cream substitutes for children are the key trends of the South Korea lactose-free yogurt market.

Plain and flavoured are the dominant types of lactose-free yogurt in the industry.

The leading distribution channels in the market are supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.

The major players in the industry are Arla Foods Ingredients Group P/S, Nestlé SA, and Danone Pulmuone Co., Ltd., among others.

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