South Korea Probiotics Market Overview, 2028

South Korea Probiotics Market Overview, 2028

The South Korea probiotics market is the strong connection between traditional Korean fermented foods and probiotics. The South Korea probiotics market is also characterized by a wide range of product offerings. Probiotic supplements, functional foods, and beverages are widely available in various formats, catering to different consumer preferences and needs. The market includes probiotic yogurt, drinks, capsules, powders, and even beauty and skincare products that leverage the benefits of probiotics for healthy skin. Additionally, the South Korean government has shown support for the development and growth of the probiotics industry. The Ministry of Food and Drug Safety (MFDS) regulates probiotic products to ensure safety and quality, providing consumers with confidence in the products they purchase. The government's focus on promoting healthy living and preventive healthcare has further contributed to the growth of the probiotics market in South Korea. Consumers are known for their strong interest in health and wellness, and they actively seek out products that offer functional benefits. Probiotics align with this consumer mindset, as they are perceived as a natural and proactive way to support digestive health, immune function, and overall well-being. As a result, the demand for probiotic products continues to rise, with South Korean consumers incorporating them into their daily routines.

According to the research report South Korea Probiotic Market Overview, 2028, published by Bonafide Research, the South Korea Probiotic Market was valued at more than USD 830 Million in 2022. The South Korean probiotic market is characterized by a wide range of innovative product offerings. Companies have introduced probiotics in various forms, including drinks, capsules, powders, snacks, and even beauty and skincare products that harness the benefits of probiotics for healthy skin. South Korean consumers are increasingly interested in personalized nutrition and tailored health solutions. Probiotics play a role in personalized health approaches, with companies offering customized probiotic formulations and strains to address specific health concerns or meet individual needs. Furthermore the success of the Korean beauty industry has had a spill-over effect on other sectors, including probiotics. Consumers associate probiotics with promoting healthy skin from within, leading to an increased interest in probiotic beauty and skincare products. The South Korean probiotic market is characterized by constant innovation and product development. Manufacturers are introducing new formulations, delivery systems, and unique product combinations to cater to the evolving consumer demands. Based on the products types includes the Probiotics Food and Beverages, Probiotics Dietary Supplements and Animal Feed, in South Korea market the Probiotics Food and Beverages is leading segment in the market, South Koreans have historically consumed fermented dishes such as kimchi and other fermented vegetables. These foods contain probiotics naturally, and their usage is strongly established in the culture. This societal acceptability has spread to probiotic foods and beverages as well. South Korea is known for its innovation in the food and beverage industry. Manufacturers have introduced a wide variety of probiotic food and beverages, including yogurts, fermented drinks, probiotic-infused snacks, and even probiotic beauty drinks. These innovative offerings have captured consumer interest and fueled the growth of the segment.

The South Korean government plays a crucial role in regulating and ensuring the safety and quality of probiotic products in the market. Ministry of Food and Drug Safety (MFDS) is the primary regulatory body responsible for overseeing food and drug safety in South Korea. It establishes guidelines and standards for probiotic products, including labeling requirements and product registration processes. Probiotic products in South Korea fall under the category of Functional Health Foods. These are products that claim to provide specific health benefits beyond basic nutrition. The MFDS sets regulations for the manufacturing, labeling, and advertising of FHH, including probiotic products. Probiotic products intending to make specific health claims must undergo a product registration process with the MFDS. This involves providing scientific evidence to support the claimed health benefits and demonstrating product safety.

Distribution channels include hypermarkets and Supermarkets, pharmacies and drugstores, convenience stores, specialty stores, online, and others. In the South Korea market, pharmacies is also have a significant market share, there are several top pharmacies and drugstores that offer the various probiotics in the South Korea market. Olive Young, Watsons, LOHB's, and more An ingredient type includes bacteria and yeast, among which the bacteria are leading the market. Based on the end user, which includes humans and animals, the human segment is leading the market in South Korea. South Koreans place a high value on health and wellness. They actively seek methods to improve their general well-being, and probiotics are viewed as a natural and proactive strategy to promote gut health and immune system function. The human segment recognises probiotics' potential advantages in maintaining good health and avoiding health problems.

Considered in this report
• Geography: South Korea
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• South Korea Probiotics market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Products type:
• Probiotics Food and Beverages
• Probiotics Dietary Supplements
• Animal Feed

By End user:
• Human
• Animal

By Ingredient Type:
• Bacteria
• Yeast

By Form:
• Liquid
• Powder
• Gel

By Distribution channel:
• Hypermarkets and Supermarkets
• Pharmacies/Drugstores
• Convenience Stores
• Specialty stores
• Online
• Others

The approach of the report
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Probiotics industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.