South Korea Lactose-Free Yogurt Market Share, Size, Analysis, Growth, Forecast: By Source: Organic, Conventional; By Type: Plain, Flavoured; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Speciality Stores, Online, Others; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

South Korea Lactose-Free Yogurt Market Outlook

The South Korea lactose-free yogurt market size reached a value of more than USD 79 million in 2022. The South Korea lactose-free yogurt industry is expected to grow at a CAGR of 12.5% between 2023 and 2028, reaching a value of USD 158 million by 2028.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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

*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.