South Korea Lactose-Free Yogurt Market Outlook
According to a new report by Expert Market Research titled, “South Korea Lactose-Free Yogurt Market Trends, Size, Share, Analysis, Report and Forecast 2023-2028″, the South Korea lactose-free yoghurt market reached a value of more than USD 79 million in 2022. Aided by the escalating demand for digestive health-focused food products and growing lactose intolerance among people, the market is expected to grow at a CAGR of 12.5% between 2023 and 2028, reaching a value of USD 158 million by 2028.
Lactose-free yoghurt is a specialised form of yoghurt that is produced without lactose, a sugar present in milk that may cause digestive issues in lactose-intolerant individuals. This product provides the same beneficial probiotics, vitamins, and minerals as regular yoghurt but without the lactose content. It plays a pivotal role in maintaining gut health, boosting the immune system, and ensuring overall wellness.
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In addition to its health benefits, lactose-free yoghurt also possesses excellent taste and texture attributes, making it an appealing ingredient in various food applications, including desserts, snacks, and beverages. The growing consumer preference for health-centric food products, particularly those promoting digestive wellness, is driving the South Korea lactose-free yoghurt market growth.
With the increasing awareness of the health benefits associated with the consumption of probiotics, there has been a significant shift towards probiotic-rich diets, leading to the rising South Korea lactose-free yoghurt market demand. Moreover, the growing prevalence of lactose intolerance and the escalating trend of health and wellness have further contributed to the increasing popularity of lactose-free yoghurt, as it is a nutritious ingredient in dietary regimes adopted by health-conscious individuals.
The expanding applications of lactose-free yoghurt in various sectors also play a substantial role in propelling the South Korea lactose-free yoghurt market development. In the food and beverage industry, lactose-free yoghurt is used as a base ingredient in the production of smoothies, parfaits, and desserts. The cosmetic industry utilises lactose-free yoghurt for its skin-nourishing properties, which are critical in the formulation of various skincare products.
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Further, the growing demand for dairy-based alternatives that cater to the needs of lactose-intolerant and health-conscious consumers has led to an increased focus on lactose-free yoghurt as a viable product in the food and beverage sector. With the rise of personalised nutrition and the increasing popularity of gut-friendly diets, lactose-free yoghurt has emerged as a key component in the formulation of a variety of food and beverage products, thereby boosting the South Korea lactose-free yoghurt market expansion.
South Korea Lactose-Free Yohurt Market Segmentation
The market can be divided based on source, type, and distribution channel.
Market Breakup by Source
- Organic
- Conventional
Market Breakup by Type
- Plain
- Flavoured
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the South Korea lactose-free yoghurt companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Arla Foods Ingredients Group P/S
- Nestlé SA
- Danone Pulmuone Co., Ltd.
- Others
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