Total volume growth of drinking milk products in South Korea is set to stabilise over the forecast period, with foodservice’s more positive performance likely to offset subdued demand through retail. While a continuing low birth will ultimately reduce demand from children, interest in high-protein products is predicted to gain further traction in the country.
Semi-skimmed fresh milk used to be considered a healthier alternative to the full fat variant due to its lower fat content, recording a growth trajectory for consecutive years since its launch. While initially there was only one player, Maeil Dairies, present in lactose-free milk, most major dairy players now offer this option in both fresh and shelf stable formats.
Milk price in South Korea is determined by the current production cost-tied scheme called the "Raw milk price linkage system" introduced by the local government in August 2013. Prior to this, the government and dairy farmers decided on an official price of raw milk through tough negotiations every two or three years.
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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.
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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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