Forecast: Whole Fresh Goat Milk Yield in South Korea

From 2013 to 2023, the yield of whole fresh goat milk in South Korea has experienced various fluctuations, settling at a steady value of 1.28 thousand hectograms per animal from 2020 onwards. Year-on-year variations indicate periods of both growth and decline, with the most significant drop in 2016 and consistent values from 2021 to 2023. The compound annual growth rate (CAGR) over the last five years leading to 2023 is -0.17%, showing a slight downward trend. Forecasts from 2024 to 2028 predict the yield will remain unchanged at 1.28 thousand hectograms per animal with a 0% forecasted growth rate.

Future trends to watch for:

  • Technological advancements in goat farming practices.
  • Potential impacts of climate change on feed quality and animal health.
  • Shifts in market demand for goat milk products, possibly influencing yield optimization strategies.

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