South Korea Dairy Market Size, Share, Trends and Forecast | 2034

South Korea Dairy Market Outlook

According to the report by Expert Market Research (EMR), the South Korea dairy market size attained a value of USD 4.05 billion in 2024. Aided by the increasing demand for dairy products and the growing preference for high-quality, nutritious food options, the market is projected to further grow at a CAGR of 4.0% between 2025 and 2034 to reach a value of USD 5.53 billion by 2034.

Dairy products are a vital part of the South Korean diet, with milk, cheese, yoghurt, and butter being widely consumed across different age groups. The nutritional benefits of dairy, such as its high calcium and protein content, have made it a preferred dietary component. Additionally, the rising influence of Western food culture has led to an increase in demand for cheese, butter, and other dairy-based products in South Korea.

Drivers of Growth

The increasing consumer preference for dairy products due to their high nutritional value is a key driver of the South Korea dairy market. With growing health awareness and lifestyle changes, there has been a surge in demand for dairy-based proteins, probiotics, and functional food products. Dairy products such as milk, cheese, yoghurt, and butter are widely consumed due to their health benefits, including improved digestion, bone strength, and immunity enhancement.

The expanding food and beverage industry is another major factor propelling the South Korea dairy market. Dairy ingredients are extensively used in bakery products, confectionery, ready-to-eat meals, and beverages, contributing to the increasing demand. Moreover, the rising popularity of Western diets has led to higher consumption of cheese, cream, and butter in South Korea, further boosting market growth.

Government initiatives promoting dairy farming and technological advancements in dairy processing are also supporting market expansion. Investments in automated milking systems, cold chain logistics, and dairy product fortification have improved efficiency and quality, ensuring consistent supply and enhanced product offerings.

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Market Trends

One of the key trends in the South Korea dairy market is the growing demand for lactose-free and plant-based dairy alternatives. With an increasing number of lactose-intolerant consumers and the rising popularity of vegan diets, plant-based milk alternatives such as almond milk, soy milk, and oat milk are gaining traction. Dairy companies are responding to this shift by expanding their portfolios to include lactose-free and dairy-free options.

The rise of functional dairy products is another significant trend. Consumers are increasingly opting for fortified dairy products that offer additional health benefits, such as probiotic yoghurts, calcium-enriched milk, and protein-rich dairy snacks. This trend aligns with the growing focus on preventive healthcare and nutritional well-being.

Additionally, e-commerce and online grocery platforms have revolutionized the dairy market in South Korea. With the convenience of home delivery and wider product accessibility, online dairy sales have surged, prompting manufacturers and retailers to enhance their digital presence and invest in direct-to-consumer sales strategies.

South Korea Dairy Market Segmentation

The market can be divided based on product, and distribution channel.

Market Breakup by Product

• Milk
• Dry Milk
  • Non Fat
  • Full Fat
• Cheese
  • Natural
  • Processed
• Yogurt
• Butter
• Baby Formula
• Condensed Milk

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores and Discount Stores
• Speciality Stores
• Online
• Department Stores

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the South Korea dairy market. Some of the major players explored in the report by Expert Market Research are as follows:

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

Challenges and Opportunities

Despite its growth potential, the South Korea dairy market faces several challenges. The declining domestic milk production due to decreasing dairy farm numbers and rising feed costs poses a threat to market stability. Additionally, the increasing competition from plant-based dairy alternatives may impact traditional dairy product consumption.

However, significant opportunities exist within the market. The demand for premium and organic dairy products is on the rise, presenting a lucrative segment for manufacturers. Consumers are willing to pay a premium for high-quality, organic, and hormone-free dairy products, driving investment in sustainable and ethical dairy farming practices.

Furthermore, the expansion of dairy exports presents an opportunity for South Korea’s dairy industry. With strong demand for Korean dairy products in neighboring Asian markets, companies can leverage export growth strategies to enhance their market presence and profitability.

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