Compared with 2023, the growth of drinking milk products in South Korea is expected to slow down in current value terms over the forecast period. This deceleration can be attributed to the ongoing decline in the country’s birth rate, which presents challenges to drinking milk products.
Semi skimmed fresh milk was once considered a healthier choice compared with full-fat milk, due to its lower fat content, resulting in continuous growth after its introduction. Initially, Maeil Dairies was the sole player in lactose free milk, but nowadays, most major dairy companies offer lactose free milk options in both fresh and shelf stable formats.
In South Korea, the pricing of milk is determined by the “Raw Milk Price Linkage System”, which was introduced in August 2013. Prior to this system, the government and dairy farmers engaged in negotiations every 2-3 years to set an official price for raw milk.
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Understand the latest market trends and future growth opportunities for the Drinking Milk Products industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Drinking Milk Products industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Drinking Milk Products
This is the aggregation of flavoured milk drinks, milk and powder milk. Note: Plant-based drinking milk products should be excluded from this category and tracked under plant-based milk. Except for plant-based powder milk that should be tracked within the core dairy category of powder milk.See All of Our Definitions
This report originates from Passport, our Drinking Milk Products research and analysis database.
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