The milk in South Korea market size is projected to grow by USD 0.3 billion from 2024 to 2029, registering a CAGR of 1.7 percent, according to the latest market data. 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.
This report provides a thorough assessment of the South Korea milk industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the milk industry.
Market Segmentation
The milk market in South Korea is categorized into the following segments:
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 South Korea milk market is segmented on the basis of product, and distribution channel. On the basis of product, the milk market in South Korea has been segmented into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. By distribution channel, the milk market in South Korea has been segmented into convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The South Korea milk market is highly competitive. The milk market is dominated by key players, which are 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.
This report provides a comprehensive analysis of the key players in the South Korea milk market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea milk market.
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.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSouth Korea milk market – product analysis
South Korea milk market – distribution channel analysis
Key players and market share
– The Hershey Company
– Seoul Dairy Cooperative Ltd.
– Namyang Dairy Products Co., Ltd.
– Maeil Dairies Co., Ltd.
– Lotte Corporation
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table South Korea milk market 2019-2029
Chart South Korea milk market, net growth, 2019-2029
Chart South Korea milk market, growth rates, 2019-2029
Table South Korea milk market by product, 2019-2029
Chart South Korea milk market by product, CAGR historic and forecast, 2019-2029
Chart South Korea milk market by product, 2019-2029
Table South Korea milk market by distribution channel, 2019-2029
Chart South Korea milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart South Korea milk market by distribution channel, 2019-2029
Table South Korea milk market share (%), by companies, 2019-2023
Chart South Korea milk market, by companies, 2023
Table South Korea milk market share (%), by brands, 2019-2023
Chart South Korea milk market, by brands, 2023
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)