South Korea Frozen Yoghurt Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 4.2% from 2023 to 2033
• The South Korea Frozen Yoghurt Market Size is Expected to hold a significant share by 2033

The South Korea Frozen Yoghurt Market is anticipated to hold a significant share by 2033, growing at a CAGR of 4.2% from 2023 to 2033. The increasing consumer awareness regarding healthy food choices and the increased number of lactose-intolerant people in the country are driving the growth of the frozen yoghurt market in the South Korea.      

Market Overview

Frozen yoghurt is an ice cream alternative that contains the same ingredients as ice cream, typically made from fermented milk from probiotic bacterial cultures (commonly Lactobacillus bulgaricus and Streptococcus thermophilus). It is a popular and healthful substitute for ice cream and contains nondairy ingredients like soymilk and almond milk as well. It is a common frozen food that is rich in calcium, potassium, and protein. Because more and more people are becoming health-conscious, its popularity has skyrocketed in recent years. Its demand has also increased as a result of the introduction of a new variety of flavours and better services. Most of the frozen yoghurt stores use a self-serve approach. Self-serve is becoming more and more popular. The self-serve frozen yoghurt business has also been made possible by the health movement.

Report Coverage

This research report categorizes the market for the South Korea frozen yoghurt market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea frozen yoghurt market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea frozen yoghurt market.

Driving Factors

The beneficial bacteria of frozen yoghurt can lower blood pressure, strengthen the immune system, which is the body's line of defence against infections, and help maintain a healthy gut. The consumer preference for low-calorie, high-protein, and healthier desserts drives the market demand for frozen yoghurt. Further, the launch of lactose-free and non-diary versions of frozen yoghurt in a number of flavours is bolstering the market growth.        

Restraining Factors

Some frozen yoghurts have high sugar content which leads to restricting the adoption of frozen yoghurt particularly among health-conscious consumers. Further, the availability of alternative products is also responsible for restraining the market.

Market Segmentation

The South Korea Frozen Yoghurt Market share is classified into type, flavor, and distribution channel.

• The dairy-based segment dominates the market with the largest market share during the forecast period.

The South Korea frozen yoghurt market is segmented by type into dairy-based, conventional, lactose free, and non-diary based. Among these, the dairy-based segment dominates the market with the largest market share during the forecast period. Customers prefer rich, creamy frozen sweets made with dairy ingredients, such as milk and cream, because of their rich texture. The emphasis on flavour innovation and the availability of diverse flavours are driving the market growth.

• The flavored segment dominated the South Korea frozen yoghurt market with the largest revenue share in 2023.       

Based on the flavor, the South Korea frozen yoghurt market is divided into regular and flavored. Among these, the flavored segment dominated the South Korea frozen yoghurt market with the largest revenue share in 2023. The introduction of frozen and flavoured yoghurts for people who are lactose intolerant or vegans, which are created from different plant-based milks such as soy, almond, oat, and rice is driving the market. Further, there is a growing availability of frozen yoghurt with different organic natural flavourings and fruit extracts.

• The supermarkets & hypermarkets segment dominated the South Korea frozen yoghurt market over the forecast period.

Based on the distribution channel, the South Korea frozen yoghurt market is divided into supermarkets & hypermarkets, convenience stores, online, and others. Among these, the supermarkets & hypermarkets segment dominated the South Korea frozen yoghurt market over the forecast period. Supermarkets & hyperstores are widely prevalent in South Korea due to the country's well-established offline distribution channels. The retailing of fresh frozen food products provided by supermarkets and hypermarkets drives the market.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea frozen yoghurt market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Binggrae Co., Ltd.
• Maeil Co.Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the South Korea Frozen Yoghurt Market based on the below-mentioned segments:

South Korea Frozen Yoghurt Market, By Type

• Dairy-based
• Conventional
• Lactose Free
• Non-Diary based

South Korea Frozen Yoghurt Market, By Flavor

• Regular
• Flavored

South Korea Frozen Yoghurt Market, By Distribution Channel

• Supermarkets & Hypermarkets
• Convenience Stores
• Online
• Others