| Study Period | 2017 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.8 Billion |
| Market Size (2030) | USD 1.11 Billion |
| CAGR (2025 - 2030) | 6.82 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Korea Dairy Alternatives Market Analysis
The South Korea Dairy Alternatives Market size is estimated at 0.8 billion USD in 2025, and is expected to reach 1.11 billion USD by 2030, growing at a CAGR of 6.82% during the forecast period (2025-2030).
The South Korean dairy alternatives market is experiencing significant transformation driven by evolving consumer preferences and digital adoption. The country's robust digital infrastructure, with an internet penetration rate of 98% (approximately 50.29 million users) as of 2022, has revolutionized how consumers discover and purchase dairy alternatives products. This digital transformation has led to the emergence of user-friendly applications like Kurly, Iidus, and JeongYookGak, which have become popular platforms for purchasing plant milk products. The integration of technology in retail, including digital signage and self-checkout kiosks in convenience stores, has further enhanced the shopping experience for consumers seeking dairy substitutes.
The retail landscape for dairy alternatives has undergone substantial evolution, characterized by the expansion of both traditional and modern retail formats. As of December 2022, South Korea boasted 379 hypermarkets and approximately 46,000 convenience stores, creating a robust distribution network for milk alternatives products. Major retailers have been expanding their refrigeration and storage capabilities to accommodate the growing variety of plant milk products. Convenience store chains like 7-Eleven, Ministop, EMART24, and CU have notably increased their freezer space to meet the rising demand for dairy alternatives, while also implementing innovative services such as mobile ordering and curbside delivery.
The market is witnessing a significant shift toward health-conscious consumption patterns, reflected in both consumer behavior and retail strategies. As of July 2022, approximately 40% of South Korean consumers prioritized health considerations in their eating habits and weight management decisions. This health-conscious trend has prompted retailers to expand their specialty sections, with department stores adapting their product mix notably, food products, including vegan dairy alternatives, accounted for 12.7% of total department store sales in 2022. The trend has also influenced product development, with manufacturers focusing on creating healthier variants with reduced sugar content and enhanced nutritional profiles.
The market is experiencing a remarkable surge in product innovation and certification standards, particularly in the vegan segment. About 250 South Korean firms have successfully registered over 3,000 products with the Vegan Society, demonstrating the industry's commitment to meeting international standards and catering to the growing vegan consumer base. Major food service chains have responded to this trend by expanding their plant-based offerings, with companies like Starbucks Korea incorporating dairy alternatives into their standard menu options. This expansion in product variety and availability across different retail channels has created a more diverse and accessible market for consumers seeking dairy alternatives.
South Korea Dairy Alternatives Market Trends
Increasing health and environmental concerns, along with the availability of various plant-based alternatives, drive the consumption of dairy alternatives
- A plant-based diet, such as veganism and vegetarianism, is becoming a growing topic in South Korea. In 2021, around 2.5 million people in South Korea followed a vegan diet. This increased significantly in the past 2-3 years and is considered the major factor driving the consumption of dairy alternative products.
- The per capita consumption of nut-based food is estimated to increase during the forecast period. The key motivations for South Koreans to adapting plant-based products, including non-dairy butter, are health concerns followed by concern for animals or sustainability and food trends. Nuts and nut butter contribute significantly toward maintaining a healthy diet as nut butter contains natural, healthy fats that are good for the heart and help reduce the risk of type 2 diabetes. Also, in 2022, over 129 vegan restaurants in South Korea offered pure vegan options for their consumers.
- Plant-based milk is the largest consumed category among all dairy alternatives nationwide. Soy milk, almond milk, and oat milk are highly popular and collectively held a 94.71% share in the overall plant milk consumption in 2022. There is also an increasing prevalence of milk allergies driving demand for plant-based milk across the country. For example, soy milk is a rich source of vitamins, proteins, and potassium and has a lower calorie content than cow's milk. Due to its high nutrient content, it is considered an ideal substitute for dairy products.
- The South Korean population is choosing plant-based diets and lifestyles due to various factors ranging from ethical, political, environmental, religious, or economic reasons. Thus, the per capita consumption is expected to grow significantly during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Production of soybeans, hemp seeds, and nuts dominates the production of dairy alternatives
Segment Analysis: Category
Non-Dairy Milk Segment in South Korean Dairy Alternatives Market
Non-dairy milk dominates the South Korean dairy alternatives market, commanding approximately 99% market share in 2024, establishing itself as both the largest and fastest-growing segment. The segment's strong performance is driven by increasing health consciousness among South Korean consumers and growing awareness of lactose intolerance issues, with about 75% of the population being lactose intolerant. The availability of various plant-based options like soy milk, almond milk, oat milk, and coconut milk caters to diverse consumer preferences and dietary requirements. Major coffee chains and food service establishments across South Korea have expanded their plant milk offerings, with companies like Starbucks Korea adding options such as oat milk to their menus. The segment is projected to maintain its growth trajectory at a rate of approximately 7% during 2024-2029, supported by the rising vegan population in South Korea and increasing consumer awareness about the environmental and health benefits of milk alternatives.
Non-Dairy Butter Segment in South Korean Dairy Alternatives Market
The non-dairy butter segment represents a smaller but growing portion of the South Korean dairy alternatives market, driven by increasing demand for healthier and more sustainable alternatives to traditional animal-based products. Plant-based butter options are gaining popularity among health-conscious consumers due to their lower saturated fat and cholesterol content compared to conventional dairy butter. The segment's growth is supported by the expanding vegan movement in South Korea, with more consumers adopting plant-based diets for ethical, environmental, and health reasons. Off-trade channels, particularly hypermarkets and supermarkets, play a crucial role in the distribution of non-dairy butter products, offering dedicated shelf space for different brands to increase product visibility and appeal. The availability of various non-dairy butter options in different packaging formats and sizes caters to diverse consumer preferences and usage occasions, including the rising interest in vegan cheese.
Segment Analysis: Distribution Channel
Off-Trade Segment in South Korean Dairy Alternatives Market
The off-trade segment dominates the South Korean dairy alternatives market, commanding approximately 98% of the total market value in 2024. This substantial market share is primarily driven by the extensive presence of supermarkets and hypermarkets, which account for nearly 42% of off-trade sales. The segment's strong performance is attributed to the strategic product positioning and dedicated shelf space offered by various retail channels, including supermarkets, convenience stores, specialist retailers, and online platforms. The proximity factor of these channels, especially in large and developed cities, provides them with the added advantage of influencing consumer purchase decisions through the wide variety of products available. Additionally, the omnichannel approach adopted by major retailers and the increasing penetration of e-commerce platforms have further strengthened the off-trade segment's market position.
Off-Trade Segment in South Korean Dairy Alternatives Market
The off-trade segment is also projected to be the fastest-growing distribution channel, expected to grow at approximately 7% during 2024-2029. This growth trajectory is driven by several factors, including the rapid expansion of specialist retailers, which are anticipated to register the highest growth rate within the off-trade channel. The specialist retailers' focus on offering premium products and allowing consumers to compare different ingredient compositions is expected to fuel this growth. Furthermore, the increasing adoption of digital commerce platforms and the rising trend of online grocery shopping are contributing to the segment's expansion. The convenience of home delivery, time savings, and various promotional offers provided by online retailers are expected to maintain this growth momentum throughout the forecast period.
South Korea Dairy Alternatives Industry Overview
Top Companies in South Korea Dairy Alternatives Market
The dairy alternatives market in South Korea is characterized by continuous product innovation and strategic expansion initiatives by key players. Companies are actively investing in research and development to introduce new products aligned with changing consumer preferences, particularly focusing on functionality, ingredients, and environmentally friendly packaging designs. Market leaders are strengthening their positions through systematic quality control procedures and international certifications like ISO 22000 and HACCP. The competitive landscape is further shaped by strategic partnerships, such as distribution agreements between domestic and international players, enabling broader market reach. Companies are expanding their manufacturing capabilities while simultaneously developing new-generation technologies to enhance production efficiency and product quality. Foreign companies are increasingly entering the market through direct investments and joint ventures, recognizing the growing potential of plant-based milk alternatives in South Korea.
Local Players Dominate Consolidated Market Structure
The South Korean dairy alternatives market exhibits a relatively consolidated structure dominated by established domestic players with strong local manufacturing and distribution networks. Major local companies like Dr. Chung's Food Co. Ltd and Maeil Co. Ltd leverage their extensive experience in the broader food and beverage industry to maintain market leadership. These companies benefit from their deep understanding of local consumer preferences and well-established relationships with retailers and distributors. The market also features a mix of diversified conglomerates and specialized manufacturers, with conglomerates utilizing their broader resource base and distribution channels to maintain competitive advantages.
The competitive dynamics are evolving with increasing participation from international players through various entry strategies, including direct market entry and strategic partnerships with local companies. Market consolidation is primarily driven by domestic companies expanding their product portfolios and production capabilities rather than through significant merger and acquisition activities. Local players are strengthening their positions by focusing on product differentiation and building strong brand recognition, while international companies are adapting their strategies to align with local market preferences and distribution channels.
Innovation and Distribution Key to Growth
Success in the South Korean dairy substitutes market increasingly depends on companies' ability to innovate while maintaining strong distribution networks. Market players need to focus on developing products that cater to specific consumer segments, particularly health-conscious consumers and those with dietary restrictions. Companies must invest in advanced manufacturing technologies and quality control systems to ensure consistent product quality and safety. Building strong relationships with retailers and foodservice operators is crucial, as these channels significantly influence consumer reach and market penetration. Additionally, companies need to develop effective marketing strategies that emphasize the health and environmental benefits of their products while maintaining competitive pricing.
Future success in the market will require companies to navigate potential regulatory changes, particularly regarding labeling requirements and food safety standards. Players must maintain flexibility in their operations to adapt to evolving consumer preferences and potential supply chain disruptions. Establishing direct-to-consumer channels and developing innovative packaging solutions will become increasingly important for market success. Companies also need to focus on sustainable sourcing practices and transparent communication about their environmental initiatives to maintain consumer trust. The ability to quickly respond to changing market dynamics while maintaining product quality and competitive pricing will be crucial for long-term success in the market.
South Korea Dairy Alternatives Market Leaders
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Dr.Chung’s Food Co. Ltd
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Maeil Co. Ltd
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Namyang Dairy Products Co. Ltd
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Otsuka Holdings Co. Ltd
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Sahmyook Foods
- *Disclaimer: Major Players sorted in no particular order
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South Korea Dairy Alternatives Market News
- August 2022: The addition of the new Oat Barista Blend to Califia Farms' already well-liked Original and Unsweetened Almondmilk Barista Blends demonstrated the company's commitment to quality coffee while bolstering its relationships with both old and new coffee shops.
- April 2022: Califia Farms launched unsweetened oat milk designed for at-home consumption. It can be purchased through natural, specialty, and grocery retailers.
- December 2021: Sahmyook Foods signed an MOU with Sahmyook University for "Sahmyook Food Research Consultation Center" to enhance its R&D activities.
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We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the dairy alternatives industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption numbers and production data of raw materials for dairy alternatives, through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on dairy alternative products, categories of dairy alternative products, product types, etc., are available in the form of comprehensive reports as well as excel based data worksheets.
South Korea Dairy Alternatives Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Per Capita Consumption
-
4.2 Raw Material/commodity Production
- 4.2.1 Dairy Alternative - Raw Material Production
-
4.3 Regulatory Framework
- 4.3.1 South Korea
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
-
5.1 Category
- 5.1.1 Non-Dairy Butter
- 5.1.2 Non-Dairy Milk
- 5.1.2.1 By Product Type
- 5.1.2.1.1 Almond Milk
- 5.1.2.1.2 Cashew Milk
- 5.1.2.1.3 Coconut Milk
- 5.1.2.1.4 Oat Milk
- 5.1.2.1.5 Soy Milk
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5.2 Distribution Channel
- 5.2.1 Off-Trade
- 5.2.1.1 Convenience Stores
- 5.2.1.2 Online Retail
- 5.2.1.3 Specialist Retailers
- 5.2.1.4 Supermarkets and Hypermarkets
- 5.2.1.5 Others (Warehouse clubs, gas stations, etc.)
- 5.2.2 On-Trade
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Armored Fresh
- 6.4.2 Blue Diamond Growers
- 6.4.3 Califia Farms LLC
- 6.4.4 Dr.Chung’s Food Co. Ltd
- 6.4.5 Hanmi Healthcare Inc.
- 6.4.6 Maeil Co. Ltd
- 6.4.7 Namyang Dairy Products Co. Ltd
- 6.4.8 Otsuka Holdings Co. Ltd
- 6.4.9 Sahmyook Foods
7. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS
8. APPENDIX
-
8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
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List of Tables & Figures
- Figure 1:
- PER CAPITA CONSUMPTION OF DAIRY ALTERNATIVES, KG, SOUTH KOREA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF SOUTH KOREA DAIRY ALTERNATIVES MARKET - RAW MATERIAL, METRIC TONNES, SOUTH KOREA, 2017 - 2021
- Figure 3:
- VOLUME OF DAIRY ALTERNATIVES, METRIC TONNES, BY SOUTH KOREA, 2017 - 2029
- Figure 4:
- VALUE OF DAIRY ALTERNATIVES, USD MN, BY SOUTH KOREA, 2017 - 2029
- Figure 5:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY CATEGORY, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 6:
- VALUE OF DAIRY ALTERNATIVES MARKET BY CATEGORY, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 9:
- VOLUME OF NON-DAIRY BUTTER MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 10:
- VALUE OF NON-DAIRY BUTTER MARKET, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 11:
- VALUE SHARE OF NON-DAIRY BUTTER MARKET, BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 12:
- VOLUME OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 13:
- VALUE OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 14:
- VOLUME SHARE OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 15:
- VALUE SHARE OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 16:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 17:
- VALUE OF ALMOND MILK MARKET, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 18:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 19:
- VOLUME OF CASHEW MILK MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 20:
- VALUE OF CASHEW MILK MARKET, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF CASHEW MILK MARKET, BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 22:
- VOLUME OF COCONUT MILK MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 23:
- VALUE OF COCONUT MILK MARKET, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 24:
- VALUE SHARE OF COCONUT MILK MARKET, BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 25:
- VOLUME OF OAT MILK MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 26:
- VALUE OF OAT MILK MARKET, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 27:
- VALUE SHARE OF OAT MILK MARKET, BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 28:
- VOLUME OF SOY MILK MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 29:
- VALUE OF SOY MILK MARKET, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF SOY MILK MARKET, BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 31:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 32:
- VALUE OF DAIRY ALTERNATIVES MARKET BY DISTRIBUTION CHANNEL, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 33:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 34:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 35:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 36:
- VALUE OF DAIRY ALTERNATIVES MARKET BY SUB DISTRIBUTION CHANNELS, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 37:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY SUB DISTRIBUTION CHANNELS , %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 38:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY SUB DISTRIBUTION CHANNELS , %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 39:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA CONVENIENCE STORES, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 40:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA CONVENIENCE STORES, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 41:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA CONVENIENCE STORES, BY CATEGORY , %, SOUTH KOREA, 2022 VS 2029
- Figure 42:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA ONLINE RETAIL, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 43:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA ONLINE RETAIL, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 44:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA ONLINE RETAIL, BY CATEGORY , %, SOUTH KOREA, 2022 VS 2029
- Figure 45:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA SPECIALIST RETAILERS, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 46:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA SPECIALIST RETAILERS, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 47:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA SPECIALIST RETAILERS, BY CATEGORY , %, SOUTH KOREA, 2022 VS 2029
- Figure 48:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 49:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA SUPERMARKETS AND HYPERMARKETS, BY CATEGORY , %, SOUTH KOREA, 2022 VS 2029
- Figure 51:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 52:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD MN, SOUTH KOREA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), BY CATEGORY , %, SOUTH KOREA, 2022 VS 2029
- Figure 54:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA ON-TRADE, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 55:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA ON-TRADE, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 56:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA ON-TRADE, BY CATEGORY , %, SOUTH KOREA, 2022 VS 2029
- Figure 57:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH KOREA, 2017 - 2029
- Figure 58:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH KOREA, 2017 - 2029
- Figure 59:
- VALUE SHARE OF MAJOR PLAYERS, %, SOUTH KOREA
South Korea Dairy Alternatives Industry Segmentation
Non-Dairy Butter, Non-Dairy Milk are covered as segments by Category. Off-Trade, On-Trade are covered as segments by Distribution Channel.| Category | Non-Dairy Butter | |||
| Non-Dairy Milk | By Product Type | Almond Milk | ||
| Cashew Milk | ||||
| Coconut Milk | ||||
| Oat Milk | ||||
| Soy Milk | ||||
| Distribution Channel | Off-Trade | Convenience Stores | ||
| Online Retail | ||||
| Specialist Retailers | ||||
| Supermarkets and Hypermarkets | ||||
| Others (Warehouse clubs, gas stations, etc.) | ||||
| On-Trade | ||||
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Market Definition
- Dairy Alternatives - Dairy alternatives are foods that are made from plant-based milk/oils instead of their usual animal products, such as cheese, butter, milk, ice cream, yogurt, etc. Plant-based or non-dairy milk alternative is the fast-growing segment in the newer food product development category of functional and specialty beverage across the globe.
- Non-Dairy Butter - Non dairy butter is a vegan butter alternative that is made from a mixture of plant oils. With an increase in alternative diets like vegetarianism, veganism, and gluten intolerance, plant butter is a healthy non-dairy substitute for normal butter.
- Non-Dairy Ice Cream - Plant based ice cream is a growing category. Non-dairy ice cream is a type of dessert made without any animal ingredients. This is typically considered a substitute for regular ice cream for those who cannot or do not eat animal or animal-derived products, including eggs, milk, cream, or honey.
- Plant-Based Milk - Plant based milks are milk substitutes that are made from nuts (e.g., hazelnuts, hemp seeds), seeds (e.g., sesame, walnuts, coconuts, cashews, almonds, rice, oats, etc.) or legumes (e.g., soy). Plant-based milk such as soy milk and almond milk have been popular in East Asia and the Middle East for centuries.
| Keyword | Definition |
|---|---|
| Cultured Butter | Cultured butter is prepared by having the raw butter go through chemical processing and has been added with certain emulsifiers and foreign ingredients. |
| Uncultured Butter | This type of butter is one which has not been processed in any way |
| Natural Cheese | The type of cheese in its most natural form. It is made from natural and simple products and ingredients, including fresh and natural salts, natural colors, enzymes, and high-quality milk. |
| Processed Cheese | Processed cheese undergoes the same processes as natural cheese; however, it requires more steps and many different forms of ingredients. Making processed cheese involves melting natural cheese, emulsifying it, and adding preservatives and other artificial ingredients or colorings. |
| Single Cream | Single cream contains around 18% fat. It’s a single layer of cream that appears over boiled milk. |
| Double Cream | Double cream contains 48% fat, more than double the amount of fat of single cream. It’s heavier and thicker than single cream |
| Whipping Cream | This has a much higher fat percentage than single cream (36%). Used to top cakes, pies, and puddings and as a thickener for sauces, soups, and fillings. |
| Frozen Desserts | Desserts that are meant to be eaten in frozen condition. E.g., sherbets, sorbets, frozen yogurts |
| UHT Milk (Ultra-high temperature milk) | Milk heated at a very high temperature. Ultra-high-temperature processing (UHT) of milk involves heating for 1–8 sec at 135–154°C. which kills the spore-forming pathogenic microorganism, resulting in a product with a shelf-life of several months. |
| Non-dairy butter/Plant-based butter | Butter made from plant-derived oil such as coconut, palm, etc. |
| Non-dairy Yogurt | Yogurt made from typically made from nuts, like almonds, cashews, coconuts, and even other foods like soybeans, plantains, oats, and peas |
| On-trade | It refers to restaurants, QSRs, and bars. |
| Off-trade | It refers to supermarkets, hypermarkets, on-line channels, etc. |
| Neufchatel cheese | One of the oldest kinds of cheese in France. It is a soft, slightly crumbly, mold-ripened, bloomy-rind cheese made in the Neufchâtel-en-Bray region of Normandy. |
| Flexitarian | It refers to a consumer preferring a semi-vegetarian diet, that is centered on plant foods with limited or occasional inclusion of meat. |
| Lactose Intolerance | Lactose intolerance is a reaction in digestive system to lactose, the sugar in milk. It causes uncomfortable symptoms in response to the consumption of dairy products. |
| Cream Cheese | Cream cheese is a soft and creamy fresh cheese with a tangy taste made from milk and cream. |
| Sorbets | Sorbet is a frozen dessert made using ice combined with fruit juice, fruit purée, or other ingredients, such as wine, liqueur, or honey. |
| Sherbet | Sherbet is a sweetened frozen dessert made with fruit and some sort of dairy product such as milk or cream. |
| Shelf stable | Foods that can be safely stored at room temperature, or "on the shelf," for at least one year and do not have to be cooked or refrigerated to eat safely. |
| DSD | Direct Store Delivery is the process in supply chain management wherein the product is delivered from manufacturing plant directly to the retailer. |
| OU Kosher | Orthodox Union Kosher is a kosher certification agency based in New York City. |
| Gelato | Gelato is a frozen creamy dessert made with milk, heavy cream and sugar. |
| Grass-fed Cows | Grass-fed cows are allowed to graze in pastures, where they eat a variety of grasses and clover. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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