Based on the value added in dairy products in South Korea, the data from 2013 to 2023 shows a fluctuating trend. The value added significantly increased in 2016 and 2017, reaching a peak before declining in 2018. Since then, the value has gradually improved, with a slight year-on-year increase from 2019 to 2023. As of 2023, the value stands at 3.0024 trillion South Korean Wons. For the future, from 2024 to 2028, the forecast suggests a steady increase with an estimated CAGR of 0.21% and a growth rate of 1.07% over this period.
Key trends to watch for include:
- Steady growth in value added in the dairy sector, driven by increasing consumer demand for quality and variety.
- Innovations in dairy processing and product development.
- The impact of health trends influencing consumer preferences towards dairy alternatives.
- Sustainability practices and their influence on production and consumer choices.
- Economic factors and their potential impact on the dairy market's value.
Latest reports
US Foodtech Market Report- Q1 2025
The US Foodtech market in the first quarter of 2025 has been marked by significant technological advancements, shifts in consumer preferences, and strategic...
China Foodtech Market Report- Q1 2025
In the first quarter of 2025, China's Foodtech market is experiencing notable growth fueled by technological advancements, urbanization, and evolving consumer preferences. This...
Japan Foodtech Market Report- Q1 2025
In the first quarter of 2025, Japan's Foodtech market is experiencing transformative shifts driven by technological advancements and evolving consumer preferences. The market...
Germany Foodtech Market Report- Q1 2025
In Q1 2025, Germany's food technology sector experienced substantial advancements driven by innovative technologies and shifting consumer preferences. The market's focus on AI,...
India Foodtech Market Report- Q1 2025
In the first quarter of 2025, the Foodtech sector in India has continued to evolve rapidly, driven by advancements in technology, changing consumer...
UK Foodtech Market Report- Q1 2025
In the first quarter of 2025, the UK Foodtech sector is undergoing substantial transformations driven by consumer preferences and technological advancements. Key segments...
France Foodtech Market Report- Q1 2025
The France Foodtech market in Q1 2025 is characterized by significant governmental support, regulatory advancements, and dynamic shifts in consumer preferences, particularly in...
Canada Foodtech Market Report- Q1 2025
The first quarter of 2025 has been pivotal for the Canadian Foodtech market, characterized by rapid adoption of innovative technologies and strategic adaptations...
Brazil Foodtech Market Report- Q1 2025
The first quarter of 2025 marks a dynamic period for the Brazilian Foodtech market, characterized by substantial growth, technological innovation, and evolving consumer...
Italy Foodtech Market Report- Q1 2025
The Italy Foodtech market in Q1 2025 has been shaped by several key trends and developments, impacting various segments such as alternative proteins,...
