Sales of yogurt powder in Korea are poised to surge at an 8.0% CAGR through 2033. The overall demand for yogurt powder in Korea is set to rise significantly, reaching a valuation of US$ 12.5 million in 2023. By 2033, sales projections for yogurt powder in Korea indicate an expected valuation of US$ 24.3 million.
Key Trends to Bolster Revenues through 2033
| Attributes | Details |
|---|---|
| Industry Size in Korea in 2023 | US$ 12.5 million |
| Expected Industry Size of Korea by 2033 | US$ 24.3 million |
| Forecasted CAGR between 2023 to 2033 | 8.0% |
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| Leading Product Type for Yogurt Powder in Korea | Skimmed Yogurt Powder |
|---|---|
| Total Value Share (2023) | 57.2% |
The shift toward healthy eating options in Korea is supported by skimmed yogurt powder. Skimmed or low-fat dairy products are perceived as healthier alternatives by consumers who are becoming more conscious of their calorie and fat intake. Demand is rising, in part, because low-fat or skimmed dairy products are associated with fitness objectives and weight control. Moreover, the growing awareness of dietary preferences and limitations among consumers is driving up demand for skimmed yogurt powder among individuals on low-fat or low-calorie diets or those who may be subject to dietary restrictions regarding fat content.
| Leading Flavor for Yogurt Powder in Korea | Regular |
|---|---|
| Total Value Share (2023) | 75.7% |
Regular-flavored yogurt powder is widely available and easy to obtain in a variety of physical and online retail channels, which adds to its appeal. Availability and accessibility are important variables affecting consumption choices. Yogurt powder with a regular flavor can be used in various culinary processes, such as baking, frying, and making savory and sweet meals. Customers like how versatile regular-flavored yogurt powder is since it can be used in various dishes. Yogurt powder with regular flavors can still provide probiotics and other vital nutrients, as well as the functional advantages of yogurt. It could draw in health-conscious customers if it is promoted as a product that improves digestive health and general well-being.
Principal Consultant
The yogurt powder industry in Korea is driven by a thriving and competitive environment that includes established domestic firms and multinational brands striving for dominance. The industry dynamics are shaped by changing customer tastes, health and wellness trends, and the continuous appeal of dairy-based products in Korean cuisine. Local businesses use their extensive knowledge of the Korean consumer base and cultural subtleties to deliberately position their yogurt powder options in line with traditional flavor profiles and nutritional requirements. Concurrently, multinational players offer knowledge of product innovation and marketing tactics to acquire a varied consumer base.
Recent Developments
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 12.5 million |
| Projected Industry Size by 2033 | US$ 24.3 million |
| Anticipated CAGR between 2023 to 2033 | 8.0% CAGR |
| Historical Analysis of Demand for Yogurt Powder in Korea | 2018 to 2022 |
| Demand Forecast for Yogurt Powder in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Yogurt Powder Adoption in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korean Manufacturers |
| Key Cities Analyzed While Studying Opportunities in Yogurt Powder in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | Binggrae Co., Ltd.; Namyang Dairy Products Co., Ltd.; Maeil Dairies Co., Ltd.; Seoul Dairy Cooperative; Lotte Confectionery Co., Ltd.; Ottogi Corporation; Yonsei Milk; Pulmuone Co., Ltd.; Dongwon F&B Co., Ltd.; Haitai Confectionery & Foods Co., Ltd. |
The expected CAGR until 2033 stands at 8.0%.
The demand for yogurt powder in Korea is projected to reach US$ 24.3 million by 2033.
Health and wellness trends influence the demand for yogurt powder in Korea.
Yogurt powder businesses emphasize localized marketing strategies.
Skimmed yogurt powder is highly preferred in Korea.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product type, 2023 to 2033 5.3.1. Skimmed 5.3.2. Semi-Skimmed 5.3.3. Whole 5.4. Y-o-Y Growth Trend Analysis By Product type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product type, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2023 to 2033 6.3.1. Organic 6.3.2. Conventional 6.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Flavoured 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Flavoured, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Flavoured, 2023 to 2033 7.3.1. Regular 7.3.2. Flavoured 7.3.2.1. Berries 7.3.2.2. Vanilla 7.3.2.3. Chocolate 7.3.2.4. Peach 7.3.2.5. Mango 7.3.2.6. Banana 7.3.2.7. Apple 7.3.2.8. Others (Passion Fruit, Blends) 7.4. Y-o-Y Growth Trend Analysis By Flavoured, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Flavoured, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033 8.3.1. Food Industry 8.3.1.1. Dips and Dressings 8.3.1.2. Fillings 8.3.1.3. Bakery 8.3.1.4. Nutrition and Snack Bar 8.3.1.5. Desserts 8.3.1.6. Frozen Novelties 8.3.1.7. Dry Mixes 8.3.1.8. Others (Meat Products, Cereals) 8.3.2. Beverages 8.3.3. Cosmetics and Personal Care 8.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2023 to 2033 9.3.1. Household 9.3.2. HoReCa 9.3.3. Industrial 9.3.3.1. Food and Beverage Processors 9.3.3.2. Cosmetic Manufacturers 9.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 10.1. Introduction / Key Findings 10.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Distribution Channel, 2018 to 2022 10.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2023 to 2033 10.3.1. B2B 10.3.2. B2C 10.3.3. Store-Based Retail 10.3.3.1. Modern Grocery Retailers 10.3.3.2. Hypermarkets/Supermarkets 10.3.3.3. Convenience Stores 10.3.3.4. Food & Drink Specialty Stores 10.3.3.5. Independent Small Groceries 10.3.4. Online Retail 10.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022 10.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033 11. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. Introduction 11.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 11.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 11.3.1. South Gyeongsang 11.3.2. North Jeolla 11.3.3. South Jeolla 11.3.4. Jeju 11.3.5. Rest of 11.4. Market Attractiveness Analysis By Region 12. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Product type 12.2.2. By Nature 12.2.3. By Flavoured 12.2.4. By Application 12.2.5. By End Use 12.2.6. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Product type 12.3.2. By Nature 12.3.3. By Flavoured 12.3.4. By Application 12.3.5. By End Use 12.3.6. By Distribution Channel 12.4. Key Takeaways 13. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Product type 13.2.2. By Nature 13.2.3. By Flavoured 13.2.4. By Application 13.2.5. By End Use 13.2.6. By Distribution Channel 13.3. Market Attractiveness Analysis 13.3.1. By Product type 13.3.2. By Nature 13.3.3. By Flavoured 13.3.4. By Application 13.3.5. By End Use 13.3.6. By Distribution Channel 13.4. Key Takeaways 14. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Product type 14.2.2. By Nature 14.2.3. By Flavoured 14.2.4. By Application 14.2.5. By End Use 14.2.6. By Distribution Channel 14.3. Market Attractiveness Analysis 14.3.1. By Product type 14.3.2. By Nature 14.3.3. By Flavoured 14.3.4. By Application 14.3.5. By End Use 14.3.6. By Distribution Channel 14.4. Key Takeaways 15. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Product type 15.2.2. By Nature 15.2.3. By Flavoured 15.2.4. By Application 15.2.5. By End Use 15.2.6. By Distribution Channel 15.3. Market Attractiveness Analysis 15.3.1. By Product type 15.3.2. By Nature 15.3.3. By Flavoured 15.3.4. By Application 15.3.5. By End Use 15.3.6. By Distribution Channel 15.4. Key Takeaways 16. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 16.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 16.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 16.2.1. By Product type 16.2.2. By Nature 16.2.3. By Flavoured 16.2.4. By Application 16.2.5. By End Use 16.2.6. By Distribution Channel 16.3. Market Attractiveness Analysis 16.3.1. By Product type 16.3.2. By Nature 16.3.3. By Flavoured 16.3.4. By Application 16.3.5. By End Use 16.3.6. By Distribution Channel 16.4. Key Takeaways 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Product type 17.3.3. By Nature 17.3.4. By Flavoured 17.3.5. By Application 17.3.6. By End Use 17.3.7. By Distribution Channel 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Pomona 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Ballantyne 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. BALTIMA Sp. z o.o. 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Biogrowing 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Glanbia PLC 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Epi Ingredients SAS 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Bempresa Ltd. 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Armor Protéines 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Döhler Dahlenburg 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. C.P. Ingredients Ltd 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Demand and Trend Analysis of Yogurt Powder in Korea
