South Korea Plant-based Milk Market Size & Outlook
The plant-based milk market in South Korea is expected to reach a projected revenue of US$ 689.9 million by 2030. A compound annual growth rate of 7% is expected of South Korea plant-based milk market from 2025 to 2030.
Revenue, 2024 (US$M)
$454.2
Forecast, 2030 (US$M)
$689.9
CAGR, 2025 - 2030
7%
Report Coverage
South Korea
Related Markets
South Korea plant-based milk market highlights
- The South Korea plant-based milk market generated a revenue of USD 454.2 million in 2024 and is expected to reach USD 689.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7% from 2025 to 2030.
- In terms of segment, almond milk was the largest revenue generating product in 2024.
- Oat Milk is the most lucrative product segment registering the fastest growth during the forecast period.
Plant-based milk market data book summary
| Market revenue in 2024 | USD 454.2 million |
| Market revenue in 2030 | USD 689.9 million |
| Growth rate | 7% (CAGR from 2025 to 2030) |
| Largest segment | Almond milk |
| Fastest growing segment | Oat Milk |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Almond Milk, Oat Milk, Soy Milk, Coconut Milk, Rice Milk, Pea Milk |
| Key market players worldwide | Danone SA, Blue Diamond Growers, The Hain Celestial Group Inc, Califia Farms, SunOpta Inc, Ripple, Elmhurst University, Pacific Foods of Oregon, Oatly Group AB ADR, Daiya Foods, DohlerGroup, Horizon |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global plant-based milk market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China plant-based milk market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,971.3 million by 2030.
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Plant-based Milk Market Scope
Plant-based milk market segmentation & scope
Plant-based Milk Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ripple | View profile | 501-1000 | San Francisco, California, United States, North America | http://ripple.com |
| Horizon | View profile | 11-50 | Mainz, Rheinland-Pfalz, Germany, Europe | https://www.gethorizon.net |
| Daiya Foods | View profile | 51-100 | Vancouver, British Columbia, Canada, North America | https://daiyafoods.com/ |
| DohlerGroup | View profile | 5001-10000 | Darmstadt, Hessen, Germany, Europe | https://www.doehler.com/ |
| Elmhurst University | View profile | 251-500 | Elmhurst, Illinois, United States, North America | http://www.elmhurst.edu/ |
| Califia Farms | View profile | 101-250 | Bakersfield, California, United States, North America | http://www.califiafarms.com/ |
| Blue Diamond Growers | View profile | 1001-5000 | Sacramento, California, United States, North America | https://bluediamondgrowers.com/ |
| Pacific Foods of Oregon | View profile | 501-1000 | Tualatin, Oregon, United States, North America | http://www.pacificfoods.com |
| Oatly Group AB ADR | View profile | 1493 | Ångfärjekajen 8, Malmo, Sweden, 211 19 | https://www.oatly.com |
| The Hain Celestial Group Inc | View profile | 2837 | 4600 Sleepytime Drive, Co, Boulder, DE, United States, 80301 | https://www.hain.com |
| SunOpta Inc | View profile | 1174 | 7078 Shady Oak Road, Eden Prairie, MN, United States, 55344 | https://www.sunopta.com |
| Danone SA | View profile | 88843 | 17, Boulevard Haussmann, Paris, France, 75009 | https://www.danone.com |
South Korea plant-based milk market size, by product, 2018-2030 (US$M)
South Korea Plant-based Milk Market Outlook Share, 2024 & 2030 (US$M)
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