Product Code: ETC9413102 | Publication Date: Sep 2024 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The South Korea rice-based infant formula market is experiencing steady growth due to the increasing demand for alternative options to traditional cow`s milk formulas. Rice-based formulas are popular among parents who are looking for hypoallergenic and easily digestible options for their infants. The market is driven by rising awareness of food allergies and intolerances, as well as the perception of rice as a healthier and more natural ingredient. Key players in the market are focusing on product innovation, including fortified formulas with essential nutrients and vitamins, to cater to the specific needs of infants. Government support for promoting breastfeeding and regulating infant formula products is also influencing market dynamics. Overall, the South Korea rice-based infant formula market is poised for further expansion in the coming years.
The South Korea rice-based infant formula market is experiencing growth due to increasing consumer awareness of the benefits of rice-based products for infants with allergies or sensitivities to cow`s milk. The demand for allergen-free and plant-based alternatives is driving market expansion, with rice-based formulas being seen as a suitable option for parents seeking non-dairy options. Opportunities lie in product innovation to enhance nutritional value and taste, as well as marketing strategies to target health-conscious consumers. The market is also witnessing a surge in online sales channels, providing a convenient platform for consumers to purchase rice-based infant formula products. Overall, the South Korea rice-based infant formula market is poised for further growth with the rising preference for alternative ingredients and increased emphasis on infant health and nutrition.
In the South Korea rice-based infant formula market, one of the key challenges is the perception of rice-based formulas as less nutritious or inferior to traditional cow`s milk-based formulas. This perception stems from a cultural preference for cow`s milk products and concerns about the nutritional adequacy of rice-based options. Additionally, regulatory restrictions and strict labeling requirements in South Korea can pose obstacles for manufacturers looking to enter or expand in the rice-based infant formula market. Competition from well-established brands offering cow`s milk-based formulas further complicates market entry and growth for rice-based products. Overcoming these challenges will require targeted marketing efforts to educate consumers about the benefits of rice-based formulas, as well as navigating regulatory hurdles to ensure compliance and build trust with consumers.
The South Korea Rice Based Infant Formula Market is primarily driven by the increasing awareness among parents about the benefits of rice-based formulas for infants with allergies or sensitivities to cow`s milk. The rising incidence of lactose intolerance and milk protein allergies in infants is also fueling the demand for rice-based formulas as a suitable alternative. Additionally, the growing trend towards organic and natural products in the baby food industry is further boosting the market for rice-based infant formulas in South Korea. Manufacturers are focusing on developing innovative formulations with added nutrients and probiotics to cater to the evolving preferences of parents seeking healthier and safer options for their infants, driving the growth of the market.
The South Korean government tightly regulates the infant formula market, particularly products made from rice. The Ministry of Food and Drug Safety (MFDS) sets strict standards for the production, labeling, and advertising of rice-based infant formula to ensure safety and quality. Manufacturers are required to obtain approval from the MFDS before selling their products, and any changes in ingredients or production processes must also be approved. Additionally, the government has implemented pricing regulations to prevent price gouging and ensure affordability for consumers. The goal of these policies is to protect the health of infants and young children by ensuring that rice-based infant formula products meet specific nutritional requirements and adhere to stringent safety standards.
The South Korea rice-based infant formula market is expected to experience steady growth in the coming years, driven by increasing consumer awareness of the health benefits associated with rice-based products. With a growing trend towards organic and natural ingredients, rice-based infant formulas are gaining popularity among health-conscious parents seeking alternatives to traditional dairy-based formulas. Additionally, the rising prevalence of lactose intolerance and milk allergies among infants is further fueling the demand for non-dairy options like rice-based formulas. As South Korea continues to prioritize food safety and quality, manufacturers are likely to innovate and introduce new rice-based formula products to cater to this evolving market segment. Overall, the future outlook for the South Korea rice-based infant formula market appears promising, with opportunities for growth and expansion.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Rice Based Infant Formula Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Rice Based Infant Formula Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Rice Based Infant Formula Market - Industry Life Cycle |
3.4 South Korea Rice Based Infant Formula Market - Porter's Five Forces |
3.5 South Korea Rice Based Infant Formula Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 South Korea Rice Based Infant Formula Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 South Korea Rice Based Infant Formula Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Rice Based Infant Formula Market Trends |
6 South Korea Rice Based Infant Formula Market, By Types |
6.1 South Korea Rice Based Infant Formula Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 South Korea Rice Based Infant Formula Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 South Korea Rice Based Infant Formula Market Revenues & Volume, By Formulated, 2021- 2031F |
6.1.4 South Korea Rice Based Infant Formula Market Revenues & Volume, By Unformulated, 2021- 2031F |
6.2 South Korea Rice Based Infant Formula Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 South Korea Rice Based Infant Formula Market Revenues & Volume, By Standard Formula, 2021- 2031F |
6.2.3 South Korea Rice Based Infant Formula Market Revenues & Volume, By Toddler Formula, 2021- 2031F |
6.2.4 South Korea Rice Based Infant Formula Market Revenues & Volume, By Follow-On Formula, 2021- 2031F |
6.2.5 South Korea Rice Based Infant Formula Market Revenues & Volume, By Special Formula, 2021- 2031F |
7 South Korea Rice Based Infant Formula Market Import-Export Trade Statistics |
7.1 South Korea Rice Based Infant Formula Market Export to Major Countries |
7.2 South Korea Rice Based Infant Formula Market Imports from Major Countries |
8 South Korea Rice Based Infant Formula Market Key Performance Indicators |
9 South Korea Rice Based Infant Formula Market - Opportunity Assessment |
9.1 South Korea Rice Based Infant Formula Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 South Korea Rice Based Infant Formula Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 South Korea Rice Based Infant Formula Market - Competitive Landscape |
10.1 South Korea Rice Based Infant Formula Market Revenue Share, By Companies, 2024 |
10.2 South Korea Rice Based Infant Formula Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |