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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:
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 Demand
South Korea Dairy Market Growth
*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.*
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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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124