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South Korea Dairy Market Size, Share, Growth, Analysis: By Product: Milk, Dry Milk, Cheese, Yogurt, Butter, Others; By Distribution Channels: Supermarkets and Hypermarkets, Convenience Stores and Discount Stores, Grocery Stores, Online, Department Stores; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2024-2032

Key Players in the South Korea Dairy Market

The report provides in-depth research of the following prominent players in the South Korea dairy market, giving a detailed understanding about the competitive landscape, capacity, and recent developments including mergers, acquisitions, and investments, capacity expansion, and plant turnarounds:

 

  • Maeil Co.Ltd
  • Namyang Dairy Products Co., Ltd.
  • Seoul Milk Cooperative
  • Dairyzen Co., Ltd
  • Nestlé SA
  • Others

 

The EMR report provides a detailed assessment of the market on the basis of the Porter's five forces model, combined with a SWOT analysis.

 

South Korea Dairy Market Report Snapshots

South Korea Dairy Market Size

South Korea Dairy Market Demand

South Korea Dairy Market Growth

South Korea Dairy Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Industry Opportunities and Challenges
8    South Korea Dairy Market Analysis

    8.1    Key Industry Highlights
    8.2    South Korea Dairy Historical Market (2018-2023) 
    8.3    South Korea Dairy Market Forecast (2024-2032)
    8.4    South Korea Dairy Market by Product 
        8.4.1    Milk
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Dry Milk
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Non Fat
                8.4.2.4.2    Full Fat
        8.4.3    Cheese 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
            8.4.3.4    Breakup by Type
                8.4.3.4.1    Natural
                8.4.3.4.2    Processed
        8.4.4    Yogurt
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2023)
            8.4.4.3    Forecast Trend (2024-2032)
        8.4.5    Butter
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2023)
            8.4.5.3    Forecast Trend (2024-2032)
        8.4.6    Baby Formula
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2023)
            8.4.6.3    Forecast Trend (2024-2032)
        8.4.7    Condensed Milk
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2018-2023)
            8.4.7.3    Forecast Trend (2024-2032)
    8.5    South Korea Dairy Market by Distribution Channels
        8.5.1    Supermarkets and Hypermarkets
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Convenience Stores and Discount Stores 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Speciality Stores
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Online 
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2023)
            8.5.4.3    Forecast Trend (2024-2032)
        8.5.5    Department Stores 
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2023)
            8.5.5.3    Forecast Trend (2024-2032)
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    Key Indicators for Demand
    9.4    Key Indicators for Price
10    Value Chain Analysis
11    Trade Data Analysis

    11.1    Major Exporting Countries
        11.1.1    By Value
        11.1.2    By Volume
    11.2    Major Importing Countries
        11.2.1    By Value
        11.2.2    By Volume 
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Maeil Co.Ltd  
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Namyang Dairy Products Co., Ltd. 
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Seoul Milk Cooperative
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Dairyzen Co., Ltd
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Nestlé SA 
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments

 

List of Key Figures and Tables

1.    South Korea Dairy Market: Key Industry Highlights, 2018 and 2032
2.    South Korea Dairy Historical Market: Breakup by Product (USD Million), 2018-2023
3.    South Korea Dairy Market Forecast: Breakup by Product (USD Million), 2024-2032
4.    South Korea Dairy Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
5.    South Korea Dairy Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
6.    Major Exporting Countries by Value
7.    Major Importing Countries by Value
8.    Major Exporting Countries by Volume
9.    Major Importing Countries by Volume
10.    South Korea Dairy Market Structure

Key Questions Answered in the Report

The South Korea market attained a value of nearly USD 4.05 billion in 2023

The market is projected to grow at a CAGR of 4.0% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.53 billion by 2032. 

A variety of flavours and products, consumer awareness, rising disposable income, higher standards of living demand for clean label products, and eco-friendly packaging are the driving factors of the South Korea dairy market.

Rising awareness of health, increasing demand of flavoured milk and probiotic drinks are the key industry trends.

The dominant type of dairy in the industry are Milk, Dry Milk, Yoghurt, Cheese, Butter, Baby Formula, and Condensed Milk.

Unflavoured milk, flavoured milk, especially Binggrae’s banana milk, drinkable yoghurt, cheese, and ice creams are majorly consumed in South Korea.

Cheese consumption has increased under the influence of westernisation. Cheese is now a popular topping and ingredient in many Korean dishes.

The distribution channel segment is led by supermarket/hypermarkets, convenience stores and discount stores, grocery stores, online stores, and department stores.

The major players in the South Korea dairy industry are Maeil Co.Ltd, Namyang Dairy Products Co., Ltd., Seoul Milk Cooperative, Dairyzen Co., Ltd, Nestlé SA and Others.

Analyst Review

The South Korea market attained a value of USD 4.05 billion in 2023, driven by the growing health consciousness among population. Aided by the health benefits, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.0%. The market is projected to reach USD 5.53 billion by 2032. 

 

EMR’s report gives a comprehensive and detailed research on the South Korea dairy market, covering all the components of the market. Based on products, the dairy industry can be segmented into milk, dry milk, yoghurt, cheese, yogurt, butter, baby formula, and condensed milk. On the basis of distribution channels, the market is bifurcated into supermarket/hypermarket, convenience stores and discount stores, grocery stores, online stores, and department stores  among others. The key players in the above market include Maeil Co.Ltd, Namyang Dairy Products Co., Ltd., Seoul Milk Cooperative, Dairyzen Co., Ltd, Nestlé SA and Others.

 

EMR reports are prepared with the assistance of advanced analytical tools and the expertise of their highly skilled team. The report provides our clients with market insights which are precise, specific, actionable, and help them strengthen their position in the competitive market.

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