South Korea Dairy Market Size To Grow At A CAGR Of 2.7% In The Forecast Period Of 2023-2028

South Korea Dairy Market Report and Forecast 2023-2028

0 0
Read Time:5 Minute, 28 Second

The ‘South Korea Dairy Market Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the South Korea dairy market, assessing the market based on its segments like product and distribution channels.

The report studies the latest updates in the market, along with their impact across the market—it also analyzes the market demand and its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces Models.

South Korea Dairy Market Size, Share, Trends, Industry, Key Player, Report and Forecast

The key highlights of the report include the following:

Market Overview (2018-2028)

  • Forecast CAGR (2023-2028): 2.7%

The increasing demand for cheese and yogurt in South Korea is driving the growth of the dairy market in the country. Changing lifestyles, increasing inclination towards consuming healthy and premium packaged food products daily, and growing awareness about the benefits of dairy are the crucial driving factors of the South Korean dairy market. In addition, the escalating health concerns among the working population are further propelling the sale of dairy products in the country due to the increasing awareness regarding the health benefits of dairy products.

Get a Free Sample Report with a Table of Contents –

The growing efforts by the government of South Korea towards ramping up domestic dairy production capacity to make the country self-sufficient are fuelling the market numbers. A rising number of domestic dairy suppliers are expected to garner the competitive landscape in the country, which in turn, is expected to improve product quality, variety, and accessibility in the forecast period.

The increasing demand for milk, coupled with the growing popularity of flavored milk, is escalating the importance of South Korea in the global dairy sector. Over the forecast period, the anticipated increase in disposable income, rapid urbanization, and robust development of supermarkets/hypermarkets in the country are likely to propel the South Korean dairy market.

South Korea Dairy Industry Definition and Major Segments

Dairy is an umbrella term that includes all the food products derived from milk, such as butter, cheese, yogurt, and curd. Dairy products are usually derived from the milk obtained from cows, goats, buffalos, or camels. Dairy products are considered healthy as they provide protein, vitamins such as B2, B5, and B12, and minerals such as calcium, potassium, and iodine. However, the nutritional profile varies between milk sources and specific dairy products.

Read the Full Report with the Table of Contents –

Based on product, the market can be segmented into:

  • Milk
  • Dry Milk
    • Non-Fat
    • Full Fat
  • Cheese
    • Natural
    • Processed
  • Yogurt
  • Butter
  • Dairy Desserts
  • Others

Based on distribution channels, the market can be classified into:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others

South Korea Dairy Market Trends

The key trends in the global South Korean dairy market include the increasing demand for raw milk owing to the growing awareness about the benefits of consuming milk, such as the reduced risk of chronic diseases and the healthy presence of nutrients. In addition, the rising demand for ice cream, coffee, butter, cheese, cream, and bread, among other products made with dairy, are crucial trends in the market. The thriving e-commerce sector across the country, coupled with the increasing purchasing power of the population, is heightening the sale of clean-labeled dairy products, leading to more significant growth of the dairy market in South Korea.

The increasing inclination of the Korean population towards immunity-boosting food products further empowers market growth. For instance, banana milk is gaining traction in the country, which is contributing to the dairy market demand in South Korea. The growing research and development activities by major domestic and international dairy product manufacturers to improve the standards of dairy products by introducing innovative flavors and textures are expected to be the crucial South Korean dairy market bolstering trends.

Key Market Players

The major players in the South Korea Dairy market report are:

  • Mail Co.Ltd
  • Namyang Dairy Products Co., Ltd.
  • Seoul Milk Cooperative
  • Dairymen Co., Ltd
  • Nestlé SA
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Related Reports:

Tissue Paper Market:

Welding Wires Market:

Dialysis Market:

Pressure Switch Market:

Smart Luggage Market:

About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and expert analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence, which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customizes syndicated reports according to client’s requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate, and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Anisha Luccas, Business Consultant
Toll-Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Related more.

0 %
0 %
0 %
0 %
0 %
0 %

Average Rating

5 Star
4 Star
3 Star
2 Star
1 Star

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button