South Korea Plant-Based Milk Market to 2032
Overview
The South Korea Plant-Based Milk Market is expected to reach a 1,632.78 USD Million by 2032 and is projected to grow at a CAGR of 18.68% from 2025 to 2032.
Revenue, 2024 (USD Million)
619.38
Forecast, 2032 (USD Million)
1,632.78
CAGR, 2024 - 2032
18.68%
Report Coverage
South Korea
South Korea Plant-Based Milk Market 2018-2032 USD Million
South Korea Plant-Based Milk Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 619.38 USD Million
- Projected Market Size (2032): 1,632.78 USD Million
- CAGR (2025-2032): 18.68%
Key Findings of South Korea Plant-Based Milk Market
- The South Korea Plant-Based Milk Market was valued at 619.38 USD Million in 2024.
- The South Korea Plant-Based Milk Market is likely to grow at a CAGR of 18.68% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Hazelnut Blend in Flavor Segment accounted for the largest share of the market with a revenue of 619.38 USD Million
- The fastest growing segment Unsweetened in Formulation Segment grew Fastest with a CAGR of 19.40% during the forecast period from 2024 to 2032.
South Korea Plant-Based Milk Market Scope
South Korea Plant-Based Milk Market Segmentation & Scope
Flavor
- Hazelnut Blend
- Maple
- Caramel
- Honey
- Others
- Original/Unflavored
- Coffee
- Coconut Blend
- Vanilla
- Chocolate
Claim
- Nut Free
- Others
- Soy Free
- Artificial Preservatives & Color Free
- Gluten Free
- Regular
Packaging Size
- Less Than 100 ML
- More Than 1000 ML
- 110 ML
- 500 ML
- 250 ML
- 1000 ML
Packaging
- Can
- Bottles
- Tetra Packs
Distribution Channel
- Store Based Retailers
- Non-Store Retailers
Fortification
- Fortified
- Regular
Nature
- GMO
- Non-GMO
Type
- Flax Milk
- Hazelnut Milk
- Walnut Milk
- Cashew Nut Milk
- Others
- Rice Milk
- Coconut Milk
- Almond Milk
- Soy Milk
- Oat Milk
Product
- Shelf Stable Milk
- Refrigerated Milk
Category
- Organic
- Conventional
Formulation
- Sweetened
- Unsweetened
South Korea Plant-Based Milk Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 619.38 USD Million |
| Market Value in 2032 | 1,632.78 USD Million |
| CAGR (2025-2032) | 18.68% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Flavor,Claim,Packaging Size,Packaging,Distribution Channel,Fortification,Nature,Type,Product,Category,Formulation |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 619.38 USD Million in 2024
- Key Country: , leading in terms of revenue with value of 0.00 USD Million in 2024.
Segments and Scope
-
South Korea Plant-Based Milk Market to 2032, By Flavor
- Hazelnut Blend is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 619.38 USD Million in the year 2024.
- Hazelnut Blend is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 18.68 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Claim
- Regular is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 519.47 USD Million in the year 2024.
- Gluten Free is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 18.84 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Packaging Size
- 1000 ML is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 336.73 USD Million in the year 2024.
- 1000 ML is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 19.28 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Packaging
- Tetra Packs is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 545.84 USD Million in the year 2024.
- Tetra Packs is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 18.82 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Distribution Channel
- Non-Store Retailers is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 478.83 USD Million in the year 2024.
- Non-Store Retailers is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 19.02 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Fortification
- Regular is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 519.47 USD Million in the year 2024.
- Regular is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 18.84 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Nature
- Non-GMO is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 606.91 USD Million in the year 2024.
- Non-GMO is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 18.69 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Type
- Oat Milk is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 247.90 USD Million in the year 2024.
- Oat Milk is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 19.29 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Product
- Refrigerated Milk is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 543.97 USD Million in the year 2024.
- Refrigerated Milk is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 18.86 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Category
- Conventional is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 450.10 USD Million in the year 2024.
- Conventional is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 18.87 % in forecast period 2025-2032.
-
South Korea Plant-Based Milk Market to 2032, By Formulation
- Unsweetened is the largest segment in South Korea Plant-Based Milk Market to 2032 with a revenue of 203.97 USD Million in the year 2024.
- Unsweetened is the Fastest growing segment in South Korea Plant-Based Milk Market to 2032 with a Growth rate of 19.40 % in forecast period 2025-2032.
South Korea Plant-Based Milk Market Company Share Analysis
| Company Name |
|
||
| Sanitarium | |||
| Califia Farms, LLC | |||
| The Hain Celestial Group | |||
| Alpro | |||
| Oatly AB | |||
South Korea Plant-Based Milk Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Plant-Based Milk Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Plant-Based Milk Market is segmented based on Segmentation Flavor,Claim,Packaging Size,Packaging,Distribution Channel,Fortification,Nature,Type,Product,Category,Formulation.
South Korea Plant-Based Milk Market was valued at USD 619.38(Revenue in USD Million) in 2021.
South Korea Plant-Based Milk Market is projected to grow at a CAGR of 18.68% during the forecast period of 2024 to 2032.
The Hazelnut Blend segment is expected to dominate the South Korea Plant-Based Milk Market, holding a largest market share of 619.38 USD Million in 2024
South Korea Plant-Based Milk Market Scope
South Korea Plant-Based Milk Market Segmentation & Scope
Flavor
- Hazelnut Blend
- Maple
- Caramel
- Honey
- Others
- Original/Unflavored
- Coffee
- Coconut Blend
- Vanilla
- Chocolate
Claim
- Nut Free
- Others
- Soy Free
- Artificial Preservatives & Color Free
- Gluten Free
- Regular
Packaging Size
- Less Than 100 ML
- More Than 1000 ML
- 110 ML
- 500 ML
- 250 ML
- 1000 ML
Packaging
- Can
- Bottles
- Tetra Packs
Distribution Channel
- Store Based Retailers
- Non-Store Retailers
Fortification
- Fortified
- Regular
Nature
- GMO
- Non-GMO
Type
- Flax Milk
- Hazelnut Milk
- Walnut Milk
- Cashew Nut Milk
- Others
- Rice Milk
- Coconut Milk
- Almond Milk
- Soy Milk
- Oat Milk
Product
- Shelf Stable Milk
- Refrigerated Milk
Category
- Organic
- Conventional
Formulation
- Sweetened
- Unsweetened
Frequently Asked Questions
The South Korea Plant-Based Milk Market is segmented based on Segmentation Flavor,Claim,Packaging Size,Packaging,Distribution Channel,Fortification,Nature,Type,Product,Category,Formulation.
South Korea Plant-Based Milk Market was valued at USD 619.38(Revenue in USD Million) in 2021.
South Korea Plant-Based Milk Market is projected to grow at a CAGR of 18.68% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Plant-Based Milk Market for final year is USD 1,632.78 (USD Million).
South Korea Plant-Based Milk Market Company Profiling
Frequently Asked Questions
The South Korea Plant-Based Milk Market is segmented based on Segmentation Flavor,Claim,Packaging Size,Packaging,Distribution Channel,Fortification,Nature,Type,Product,Category,Formulation.
South Korea Plant-Based Milk Market was valued at USD 619.38(Revenue in USD Million) in 2021.
South Korea Plant-Based Milk Market is projected to grow at a CAGR of 18.68% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Plant-Based Milk Market for final year is USD 1,632.78 (USD Million).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.