South Korea Probiotics Market on the Rise: Forecasts to 2028 [Yahoo! Finance]
SYMRISE AG UNSP/ADR (SYIEY)
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Source: Yahoo! Finance
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 dist
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