The actual value of cheese supply in South Korea in 2023 was 212.0 Thousand Metric Tons. From 2024 onwards, the supply is forecasted to increase steadily. By 2024, the supply is projected to reach 218.0 Thousand Metric Tons, reflecting a 2.8% increase from 2023. This upward trend continues year-on-year, with expected values of 224.0, 231.0, 237.0, and 243.0 over the years 2025, 2026, 2027, and 2028 respectively. The forecasted Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.7%.

Future trends to watch for:

Potential shifts in consumer preferences towards specialty and artisanal cheeses.
Impact of trade policies and agreements on import and export dynamics.
Technological advancements in production that may enhance efficiency.
Environmental and sustainability factors affecting dairy farming practices.
Consumer health trends driving demand for low-fat and healthy cheese alternatives.