In 2023, the gross production of milk in South Korea stood at 844.50 million US Dollars PPP. Forecasted data for the subsequent years show a gradual decline from 841.37 million US Dollars PPP in 2024 to 829.64 million US Dollars PPP in 2028. This indicates a consistent year-on-year decrease in milk production value: -0.37% in 2025, -0.36% in 2026, -0.34% in 2027, and -0.33% in 2028. The Compound Annual Growth Rate (CAGR) for the period 2024-2028 is approximately -0.39%.

Future trends to watch for:

Potential fluctuations in consumer demand for milk and dairy products.
Impact of technological advancements in dairy farming on production efficiency.
Environmental policies and their potential effects on dairy production capabilities.
Trends in international trade and their influence on the domestic milk market.