Based on the data provided, South Korea's fluid milk domestic consumption in 2023 stood at 2.02 million metric tons. From 2024 to 2028, a gradual decline in consumption is forecasted, with anticipated values from 2.01 million metric tons in 2024 to 1.97 million metric tons in 2028. Year-on-year percentage changes indicate a consistent decrease of approximately 0.5% annually. Over the last two years, this trend remains steady, suggesting a slight but ongoing reduction. The Compound Annual Growth Rate (CAGR) over the next five years is projected to be marginally negative, reflecting a slow but steady decline in fluid milk consumption.
Future trends to watch for include potential shifts in consumer preferences toward plant-based milk alternatives, health and wellness trends influencing dairy consumption, and any changes in government policies or dairy industry innovations that could alter fluid milk demand in South Korea.
