South Korea Reconstituted Milk Market Size & Outlook
South Korea reconstituted milk market, 2017-2030 (US$M)
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South Korea reconstituted milk market highlights
- The South Korea reconstituted milk market generated a revenue of USD 3,877.4 million in 2022 and is expected to reach USD 6,846.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.4% from 2023 to 2030.
- In terms of segment, whole milk was the largest revenue generating source in 2022.
- Anhydrous milk fat is the most lucrative source segment registering the fastest growth during the forecast period.
Reconstituted milk market data book summary
| Market revenue in 2022 | USD 3,877.4 million |
| Market revenue in 2030 | USD 6,846.4 million |
| Growth rate | 7.4% (CAGR from 2022 to 2030) |
| Largest segment | Whole milk |
| Fastest growing segment | Anhydrous milk fat |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skimmed milk, Whole milk, Anhydrous milk fat, Unsalted frozen butter |
| Key market players worldwide | Nestle SA, Fonterra Shareholders Fund, Saputo Inc, China Mengniu Dairy Co Ltd, Meiji Holdings Co Ltd, Pine Hill Group, Schreiber Foods, Sodiaal, Lactalis, Dairy Farmers of America, Arla Foods |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global reconstituted milk market in 2022.
- Country-wise, ANZ is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, ANZ reconstituted milk market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,058.8 million by 2030.
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Reconstituted Milk Market Scope
Reconstituted Milk Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea reconstituted milk market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to reconstituted milk market will help companies and investors design strategic landscapes.
Whole milk was the largest segment with a revenue share of 49.07% in 2022. Horizon Databook has segmented the South Korea reconstituted milk market based on skimmed milk, whole milk, anhydrous milk fat, unsalted frozen butter covering the revenue growth of each sub-segment from 2017 to 2030.
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Our clientele includes a mix of reconstituted milk market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea reconstituted milk market , including forecasts for subscribers. This country databook contains high-level insights into South Korea reconstituted milk market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea reconstituted milk market size, by source, 2017-2030 (US$M)
South Korea Reconstituted Milk Market Outlook Share, 2022 & 2030 (US$M)
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