In 2023, the cream market in South Korea stood at 31,000 metric tons. Forecasted data reveals a steady growth with market size volumes reaching 33,000 metric tons in 2024, 35,000 metric tons in 2025, 36,000 metric tons in 2026, 38,000 metric tons in 2027, and 39,000 metric tons in 2028. The year-on-year growth rate is approximately 6.45% from 2023 to 2024, 6.06% from 2024 to 2025, 2.86% from 2025 to 2026, 5.56% from 2026 to 2027, and 2.63% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is around 4.62%.
Future trends to watch for include:
- Potential impacts of dietary trends and health consciousness on consumer demand for cream-based products.
- Technological advancements in cream production and preservation.
- Marketing strategies and new product developments in the dairy industry.