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South Korea Probiotics Market - Forecasts from 2022 to 2027

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    Report

  • 73 Pages
  • December 2022
  • Region: South Korea
  • Knowledge Sourcing Intelligence LLP
  • ID: 5716710
The South Korea probiotics market is anticipated to expand at a CAGR of 22.65% over the course of the forecast period, from US$0.304 billion in 2020 to a total market value of US$1.269 billion by 2027.

Live microorganisms known as probiotics are intended to improve one's health whether taken orally or topically. Yogurts, other fermented foods, and probiotic-rich beverages are widely available and provide delicious, nutrient-dense snacks. Probiotics are also found in many cosmetic products. When consumed in appropriate amounts, probiotics have beneficial effects on the body, including improved gut health and reduced intestinal inflammation. Since they improve immune function and halt the progression of diseases, probiotics are crucial for preventative healthcare.

Growing Health concerns for humans and animals is anticipated to boost the market

One of the key factors driving the market growth for probiotics is anticipated to be an expansion in the food and beverage sector as a result of rising consumer expenditure and supportive governmental policies. Preventive healthcare awareness is expanding as a result of a number of variables, including rising disposable income, rising standards of living, and an aging population. Probiotics are being used in dietary supplements such as infant formula, food supplements, nutritional supplements, and specialty nutrients as the demand for dietary supplements rise as a result of rising fitness aspirations among individuals. The demand for probiotics in functional food and beverages has increased as a result of rising processed food consumption, unhealthy lifestyle choices, and increased media and health authority coverage of the relationship between diet and health.

Key Developments:

  • Feb 2022: With a recent introduction in South Korea under the direction of AceBiome, AB21® is becoming more widely available in pharmacies and online channels. The proprietary combination of four carefully chosen probiotic strains in the AB21® formula exhibits a threefold mechanism of action to combat viral respiratory infections. The strains have been shown to have clinically proven therapeutic advantages in patients by enhancing gut barrier function, stimulating key actors in the adaptative immune response, and balancing the inflammatory response. The new natural treatment and prevention method for viral infections is called AB21®. AceBiome will introduce AB21®, a cutting-edge, all-natural, secure, and effective science-backed option to boost immunity, under the AB-Immune brand.
  • June 2022: Grace International has the sole right to market and distributes BioGaia's probiotic drops for infants in South Korea as a result of the company's extension of its partnership with Grace International. As of January 1st, 2022, Grace International has been appointed as the line's new official distributor. For the reintroduction of Protectis infant drops, Grace International ran a significant marketing campaign. According to BioGaia's omnichannel marketing approach, the items will be marketed at merchants both online and offline. It has a wide network and a track record of success in reaching customers through all channels and breaking into the dietary supplement sector. South Korean healthcare professionals already regard Protectis as a reliable brand, and Biogaia hopes to make it a similarly reputable probiotic brand among consumers by collaborating with Grace International.

Product Offerings:

  • Duolac Yum Yum Plus: Delicious yoghurt flavor in adorable bear-shaped tablets, Duolac Yum Yum Plus contains Lactobacillus for developing children. It has 24 billion bacteria input each day, 4 billion guaranteed bacteria, 67% lactic acid bacteria, and 33% Bifidus bacteria, which together provide triple care for children's gut health (probiotics), immune system (zinc), bone health (vitamin D & calcium), and bone health (vitamin D & calcium). Children between the ages of 24 months and 12 years can utilize it. It is a pharmacy-health food that should be consumed after meals and should be stored under a tight lid.
  • Dr. Formulated Probiotics Once Daily Women's Capsules: The best digestive, immunological, and vaginal health can be achieved with Dr. Formulated Probiotics Once Daily Women's. Because it contains 50 Billion CFU of 16 different probiotic strains, including L. reuteri and L. fermentum - strains that have been clinically demonstrated to enhance women's health - in a single daily pill. Additionally, there is a whole food prebiotic fibre combination to encourage the development of beneficial bacteria for maximum benefit. The probiotics are delivered in a desiccant-lined, shelf-stable bottle to guarantee their viability.

Market Segmentation:

  • By Ingredient
  • Bacteria
  • Lactobacilli
  • Bifidobacterium
  • Streptococcus thermophilus
  • Yeast
  • Saccharomyces boulardii
  • Others
  • By Form
  • Liquid
  • Dry
  • By Application
  • Functional Food and Beverages
  • Dietary Supplements
  • Animal Feed
  • By End-User
  • Human
  • Animal
Frequently Asked Questions about the South Korean Probiotics Market

What is the estimated value of the South Korean Probiotics Market?

The South Korean Probiotics Market was estimated to be valued at $0.3 billion in 2020.

What is the growth rate of the South Korean Probiotics Market?

The growth rate of the South Korean Probiotics Market is 22.6%, with an estimated value of $1.27 billion by 2027.

What is the forecasted size of the South Korean Probiotics Market?

The South Korean Probiotics Market is estimated to be worth $1.27 billion by 2027.

Who are the key companies in the South Korean Probiotics Market?

Key companies in the South Korean Probiotics Market include Yakult Honsha Co. Ltd, Cell Biotech and Probi AB.

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. SOUTH KOREA PROBIOTICS MARKET BY INGREDIENT
5.1. Introduction
5.2. Bacteria
5.2.1. Lactobacilli
5.2.2. Bifidobacterium
5.2.3. Streptococcus thermophilus
5.3. Yeast
5.3.1. Saccharomyces boulardii
5.3.2. Others

6. SOUTH KOREA PROBIOTICS MARKET BY FORM
6.1. Introduction
6.2. Liquid
6.3. Dry

7. SOUTH KOREA PROBIOTICS MARKET BY APPLICATION
7.1. Introduction
7.2. Functional Food and Beverages
7.3. Dietary Supplements
7.4. Animal Feed

8. SOUTH KOREA PROBIOTICS MARKET BY END-USER
8.1. Introduction
8.2. Human
8.3. Animal

9. COMPETITIVE INTELLIGENCE
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES
10.1. Yakult Honsha Co. Ltd
10.2. Cell Biotech
10.3. Danone
10.4. Probi AB
*List is not exhaustive

Companies Mentioned

  • Yakult Honsha Co. Ltd
  • Cell Biotech
  • Danone
  • Probi AB