South Korea Milk Market 2025

The latest estimates indicate that the South Korea milk market is expected to experience modest growth, with an incremental increase of USD 0.3 billion. This growth is projected to occur at a CAGR of approximately 1.7% during the forecast period from 2025 to 2030. The South Korea milk market is driven by a growing consumer emphasis on health and wellness, particularly among younger demographics, leading to increased demand for functional and fortified dairy products. As consumers become more health-conscious, there is a rising preference for milk enriched with vitamins, minerals, and probiotics. Additionally, the market is influenced by the popularity of premium and organic milk options, as well as the increasing interest in plant-based alternatives. The expansion of modern retail channels and e-commerce platforms further supports market growth by making a diverse range of milk products more accessible to consumers across the country.

The report offers a comprehensive analysis of the South Korea milk market, delivering detailed insights into market size, historical growth trends over the past six years, and forward-looking projections through 2030. It provides a granular breakdown of the market by product and distribution channel, highlighting key drivers, challenges, and opportunities shaping the industry.

Market Segmentation

The following outlines the segmentation of the South Korea milk market:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, others

The milk market in the South Korea is segmented by product and distribution channel. The categorization of the market by product includes cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. Distribution channel segments are divided into convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, and others.

Competitive Landscape

Major participants in the milk market comprise The Hershey Company, Seoul Dairy Cooperative Ltd., Namyang Dairy Products Co. Ltd., Maeil Dairies Co. Ltd., Lotte Corporation, Dongwon Group, Busan Kyungnam Milk Cooperative and Binggrae Co. Ltd. This report delivers an in-depth examination of leading companies in the milk sector, analyzing their performance from 2020 to 2024. The results indicate changes in market share, emphasizing both established leaders and new entrants.

Why Buy This Report?

Obtain precise statistical data and forecasts for the South Korea milk market.
Gain in-depth analysis and forecasts for the key segments of the South Korea milk market: product and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea milk market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
South Korea Milk Market – Product Analysis
South Korea Milk Market – Distribution Channel Analysis
Company Shares Analysis
The Hershey Company
Seoul Dairy Cooperative Ltd.
Namyang Dairy Products Co., Ltd.
Maeil Dairies Co., Ltd.
Lotte Corporation
Dongwon Group
Busan Kyungnam Milk Cooperative
Binggrae Co., Ltd.
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table South Korea Milk Market 2020-2030
Chart South Korea Milk Market, Net Growth, 2020-2030
Chart South Korea Milk Market, Growth Rates, 2020-2030
Table South Korea Milk Market by Product, 2020-2030
Chart South Korea Milk Market by Product, CAGR Historic and Forecast, 2020-2030
Chart South Korea Milk Market by Product, 2020-2030
Table South Korea Milk Market by Distribution Channel, 2020-2030
Chart South Korea Milk Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart South Korea Milk Market by Distribution Channel, 2020-2030
Table South Korea Milk Market Share (%), by Companies, 2020-2024
Chart South Korea Milk Market, by Companies, 2024
Table South Korea Milk Market Share (%), by Brands, 2020-2024
Chart South Korea Milk Market, by Brands, 2024
Table South Korea – Population (Millions) and Forecast
Table South Korea – Consumer Price Index (CPI) and Forecast
Table South Korea – Gross Domestic Product and Forecast
Table South Korea Milk Market: Spend as a Proportion of GDP (%)
Table South Korea Milk Market: Consumption per Capita (Population)

Companies Mentioned

The Hershey Company
Seoul Dairy Cooperative Ltd.
Namyang Dairy Products Co., Ltd.
Maeil Dairies Co., Ltd.
Lotte Corporation
Dongwon Group
Busan Kyungnam Milk Cooperative
Binggrae Co., Ltd.