South Korea Reconstituted Milk Market Size & Outlook
Related Markets
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 |
|---|---|---|---|---|
| Arla Foods | View profile | 10001+ | Viby, Skane Lan, Sweden, Europe | http://www.arla.com |
| Dairy Farmers of America | View profile | 10001+ | Kansas, Illinois, United States, North America | https://www.dfamilk.com/ |
| Lactalis | View profile | 10001+ | Laval, Pays de la Loire, France, Europe | http://www.lactalis.fr |
| Sodiaal | View profile | 5001-10000 | Paris, Ile-de-France, France, Europe | https://sodiaal.coop/fr |
| Schreiber Foods | View profile | 5001-10000 | Green Bay, Wisconsin, United States, North America | https://www.schreiberfoods.com/en-us |
| Pine Hill Group | View profile | 101-250 | Philadelphia, Pennsylvania, United States, North America | http://pinehill.com/ |
| Meiji Holdings Co Ltd | View profile | 24532 | 4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, Japan, 104-0031 | http://www.meiji.com |
| China Mengniu Dairy Co Ltd | View profile | 46064 | 262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, Hong Kong, | https://www.mengniuir.com |
| Saputo Inc | View profile | 19200 | 6869 Metropolitain Boulevard East, St-Leonard, Montreal, QC, Canada, H1P 1X8 | https://www.saputo.com |
| Fonterra Shareholders Fund | View profile | 19608 | 109 Fanshawe Street, Auckland Central, Auckland, NTL, New Zealand, 1010 | https://www.fonterra.com |
| Nestle SA | View profile | 270000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | https://www.nestle.com |
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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