Dairy products and alternatives in South Korea has been facing challenges due to a long-standing decline in the birth rate, resulting in a reduced number of children. However, amidst these challenges, other plant-based dairy is expected to display the most promising outlook for the entire industry, and is projected to account for almost 30% of overall retail value sales of plant-based milk by 2028, up from 20% in 2023.
In the South Korean packaged food industry, the introduction of plant-based cheese in the retail market is currently in its very early stages. However, there is a growing interest in plant-based foods, driven by health, environmental concerns, and animal welfare, which has led to a surge in the popularity of a selective vegan, vegetarian or flexitarian lifestyle amongst consumers.
The yoghurt category in South Korea is set to witness growth as the plant-based trend gains popularity during the forecast period. Previously, plant-based yoghurt was restricted to specific vegan-oriented online grocery platforms.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy 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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Plant-based Dairy
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)
See All of Our DefinitionsThis report originates from Passport, our Plant-based Dairy research and analysis database.
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