The Whole Fresh Goat Milk Producing Population in South Korea observed significant fluctuations from 2013 to 2023. The population peaked at 86.01 thousand heads in 2017, followed by a notable decline in 2018 before witnessing a gradual increase again. As of 2023, the population stood at 82.89 thousand heads, reflecting a slight upward trend. The CAGR over the last five years stands at 1.46%, indicating steady growth, despite minor year-on-year variations.
Year-on-year variations:
- 2022-2023: +0.55%
- 2021-2022: +0.56%
The forecast for the next five years points to a moderate growth rate, with a projected CAGR of 0.44% and an overall growth rate of 2.24% by 2028. This indicates a stable but slow increase in the goat milk-producing population in the country.
Future trends to watch for include advancements in goat farming practices, potential shifts in consumer demand for goat milk products, and regulatory changes that might impact production capabilities. Additionally, monitoring global dairy market trends and technological innovations may provide insights into further growth opportunities.
