Retail value sales of plant-based dairy are expected to grow in South Korea over the forecast period. With the elimination of import tariffs on dairy products scheduled for 2026, traditional dairy categories such as milk, cheese, and butter are expected to face heightened price-based competition from foreign entrants.
Plant-based dairy has evolved from a niche category into a fast-growing and highly competitive segment in South Korea. While it initially attracted younger, health-conscious consumers, it now appeals to a much broader demographic.
The soy drinks category has entered a mature stage in South Korea and is now facing structural challenges. Amid rising competition from plant-based dairy alternatives, RTD functional beverages, and trendy café-style drinks, the category has steadily been losing both retail value and volume.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Plant-based Dairy
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)
See all of our definitionsThis report originates from Passport, our Plant-based Dairy research and analysis database.
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