South Korea Probiotics Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Ingredient (Bacteria (Lactobacilli, Bifidobacterium, Streptococcus Thermophilus), Yeast (Saccharomyces, Boulardii, Others)), By Form (Liquid, Dry), By Application (Functional Food And Beverages, Dietary Supplements (Tablets/Capsules, Sachet and Drops), Animal Feed), By End-User (Human, Animal), By Distribution Channel (Online, Offline (Pharmacy, Super Markets, Other Outlets)), And By Region - Forecasts From 2023 To 2028

The South Korean probiotics market is expected to grow at a CAGR of 13.44% from US$ 840.230  million in 2021 to US$ 2,031.823  million in 2028.

The growing popularity of probiotic drinks associated with consumer’s growing awareness of living a healthier life is driving the growth of the South Korean probiotics market during the forecast period. Furthermore, the rising willingness of consumers to spend on functional food and beverages owing to the growing health consciousness is further enhancing the market growth. Lifestyle in Korea is becoming busier and working hours in South Korea are long among all the OECD countries which has increased lifestyle-related disease among the people living in the country.

According to the International Trade Administration, with a compound annual growth rate of 12%, the South Korean cross-border e-commerce industry is expected to reach $4.8 billion by 2022 from $2.7 billion in 2018. This growth is anticipated to significantly impact the online distribution of probiotics. Furthermore, the ease of accessing the South Korean market through cross-border e-commerce is steadily improving. Cross-border purchases, or "jik-gu" in Korean, have been made by more than half (52%) of South Korean internet consumers, and by the end of 2023, the industry is expected to grow to a value of over $5.5 billion.

Rising health concerns

The South Korean probiotics market is expected to surge over the forecast period owing to the rising awareness about health. It has been observed that with time, modern consumers are becoming aware that to maintain good health, it is necessary to take care of their bodies in the form of edible ingredients or nutrients in the form of drinks. Hence, to avoid any health-related issues, consumers are moving towards healthier options such as probiotic drinks, which are in the form of functional beverages and help boost the Immunity of the consumers internally. Additionally, the rise in the aging population and growing understanding of the importance of preventive health is expected to boost the demand for probiotic drinks across South Korea.

As per the National Library of Medicine, in 2020, 16.7% of Korean people thirty years of age or older were predicted to have diabetes mellitus. 65.8% of people with diabetes mellitus from 2019 to 2020 were aware of their condition and received treatment with antidiabetic drugs. Among adult Koreans, diabetes mellitus remained highly prevalent. From 2019 to 2020, only 9.7% of persons with diabetes mellitus were able to maintain perfect glycemic, blood pressure, and lipid management. It is necessary to continuously assess the country's diabetes data and launch a nationwide campaign to raise awareness of diabetes mellitus and enhance all-encompassing diabetes treatment.

The public health system in South Korea is made up of 254 neighbourhood public health centers, 17 regional governments, and a national-level administration (the Korea Centres for Disease Control and Prevention). 

Furthermore, one functional bowel illness that is associated with a patient's symptoms but does not result from an organic disease is irritable bowel syndrome (IBS) which can be treated using probiotics. It is a widespread gastrointestinal condition that affects 3.8 to 11.2% of the global populace. The criteria used to diagnose IBS determine its prevalence, which differs across nations. 

In addition, functional beverages such as probiotic drinks are gaining popularity in the South Korean market as a convenient option for enhancing the health and wellness of consumers worldwide. This is because of the growing adoption of a busy lifestyle and hence consumers look for packed beverages that are easy to consume while meeting their nutrition needs, improving digestion, increasing cognition, and also helping in weight loss.  Although Korea's obesity rates are among the lowest in the OECD, they have been gradually rising. In Korea, roughly 30% of adults are overweight (including obese), while about 4% of adults are obese. In the coming years, overweight rates are expected to rise by an additional 5%, according to OECD predictions.

The bacteria segment is predicted to grow steadily. 

The bacteria-based South Korean probiotics market has been segmented as lactobacilli, bifidobacterium, streptococcus thermophilus, and others. In recent years, extensive study has been conducted on microorganisms such as lactobacillus and bifidobacterium. In addition, bacteria are widely employed in probiotic foods and beverages, as well as dietary supplements, to provide health advantages to the host. As a result, the bacteria segment is expected to witness steady growth.

Under the bacteria segment, the lactobacilli-based probiotics market in South Korea is projected to grow

The segment is anticipated to witness healthy growth attributable to the growing inclination of consumers toward healthy food products. Lactobacilli are found in the human urinary and digestive system and aid in the treatment of diarrhoea and other gastrointestinal diseases. South Korea has become an aging society and the number is expected to reach 12.98 million in 2030 and 17.22 million in 2040. The growing geriatric population increases the demand for lactobacilli-based probiotics in the country since older people are more susceptible to digestion problems. Lacto-fit, Daily Vitality, and Yakult, for example, are among the most popular lactobacilli-based probiotics in South Korea. Yakult has also been aggressively promoted as a digestive health drink that aids in the health of microorganisms that live in the human gastrointestinal system.

The dietary supplement is predicted to grow

The rising awareness of consumers and healthcare providers about the multiple health benefits of probiotics that extend beyond digestive health, as well as the various delivery routes that are more convenient for consumers, is driving up demand for probiotics dietary supplements in the country. In addition, manufacturers are experimenting with the formulation and manufacture of multi-strain probiotics, particularly in supplements, to provide consumers with high-quality goods that also improve immunity. For instance, in July 2020, Amway, a leading health and wellness firm, announced a strategic investment and cooperation with Holzapfel Effective Microbes (HEM), based in South Korea. Under this partnership, the companies collaborated to create tailored probiotics to promote wellbeing through gut-health-related advantages such as immunity, weight loss, cognitive health, skin health, and more.

Other factors, such as extensive research and development initiatives to identify novel probiotic strains, increased production of probiotics, as well as the growing geriatric population, which is more sensitive to digestive disorders, are expected to propel the market forward. For instance, according to the World Bank, in 2022, 12% of South Korea’s overall population aged 65 and above.

Market Key Developments

• February 2022, with a recent introduction in South Korea spearheaded by AceBiome, AB21® has become more widely available in pharmacies and online. Four carefully chosen probiotic strains are combined in a proprietary way in the AB21® formula to combat viral respiratory infections through a threefold mode of action. The strains have been shown to provide therapeutic effects in patients by stimulating important participants in the adaptative immune response, improving the function of the intestinal barrier, and balancing the inflammatory response.
• June 2022, with the extension of their partnership, BioGaia, and Grace International have the only right to promote and sell BioGaia's newborn probiotic drops in South Korea. Grace International is presently starting an aggressive marketing campaign for Protectis infant drops. Under BioGaia's omnichannel approach, the items are offered to merchants both offline and online.
• March 2023, the leading bioscience business in South Korea, SYNBIO TECH INC., secured a significant US patent for Lactobacillus plantarum TWK10®, one of the most clinically proven probiotic strains in the company's portfolio. The strain is derived from traditional Taiwanese pickled cabbage. The technique for reducing age-related muscle loss, maintaining or gaining muscular mass, and enhancing muscle strength in elderly persons is covered by the patent.
• March 2022, AceBiome, a South Korean company, announced the launch of an immune probiotic that was the topic of a clinical trial with COVID-19 patients in conjunction with AB biotics. The formula contains four strands including Lactobacillus Plantarum. Hence, it is expected to create a positive impact on the 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
    • Tablets/Capsules
    • Sachet and Drops
  • Animal Feed
• By End-Users
  • Human
  • Animal
• By Distribution Channel
  • • Online
    • Offline
      • Pharmacy
      • Super Markets
      • Other Outlets
• By Region
  • Seoul
  • Gyeonggi
  • Chungnam
  • Gyeongnam
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

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. Bacteria

5.1.1. Lactobacilli

5.1.2. Bifidobacterium

5.1.3. Streptococcus Thermophilus

5.2. Yeast

5.2.1. Saccharomyces Boulardii

5.2.2. 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

7.3.1. Tablets/Capsules

7.3.2. Sachet and Drops

7.4. Animal Feed

8. SOUTH KOREA PROBIOTICS MARKET, BY END-USER

8.1. Introduction

8.2. Human

8.3. Animal

9. SOUTH KOREA PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL

9.1. Introduction

9.2. Online

9.3. Offline

9.3.1. Pharmacy

9.3.2. Super Markets

9.3.3. Other Outlets

10. SOUTH KOREA PROBIOTICS MARKET, BY REGION

10.1. Introduction

10.2. Seoul

10.3. Gyeonggi

10.4. Chungnam

10.5. Gyeongnam

10.6. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Mergers, Acquisition, Agreements, and Collaborations

11.3. Vendor Competitiveness Matrix

12. COMPANY PROFILES

12.1. Yakult

12.2. Cell Biotech

12.3. Danone

12.4. Probi AB

12.5. Garden of Life LLC (Nestle)

12.6. AceBiome

Yakult

Cell Biotech

Danone

Probi AB

Garden of Life LLC (Nestle)

AceBiome