South Korea’s forecast for milk consumption at the farm gate shows a steady increase from 2024 to 2028, with values rising from 4.74 million metric tons in 2024 to 5.02 million metric tons by 2028. This represents a continuous year-on-year growth, with an annual average (CAGR) of 1.45% over this period. For reference, milk consumption in 2023 stood at approximately 4.67 million metric tons.
Over the last two years, the year-on-year percentage variations are as follows:
- 2023 to 2024: 1.50%
- 2024 to 2025: 1.48%
Future trends to watch for include changes in consumer preferences, potential impacts of dietary shifts, and advancements in dairy farming technologies. These factors could influence both supply and demand dynamics in the South Korean milk market.
