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Exporting Dairy to South Korea: The Competitive Landscape

Cheddar Cheese
Cow Milk Butter
Victor Langat, Theo Venter
Published Dec 27, 2023
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The current dynamics of South Korea's dairy industry, including the consistent decline in milk production and shifts in import trends for various dairy products, create a landscape where adaptable and innovative exporters can gain entry into this lucrative market. As the market undergoes changes in raw milk consumption, powdered milk imports, yogurt preferences, and cheese production, exporters can align their strategies to meet the evolving demands of South Korean consumers. Entering the South Korean dairy market presents a myriad of opportunities for exporters, despite the dominance of a select few companies in the country's dairy imports. The concentrated market structure, while posing a challenge, also signifies a potential niche for new entrants to explore. Understanding consumer preferences, strict adherence to regulatory standards, and the implementation of strategic approaches to distinguish products are of significant importance. Building strong partnerships with local distributors and retailers is crucial for successful market penetration, as trust and brand loyalty play a large role in the choice of suppliers.

Table of contents

Key Takeaways ….…………………………………….………………….…………….…………………….3

South Korean Dairy Marketing .………………….…………….……………………......................5

Dairy Distribution and Marketing

South Korean Milk and Cream Market.........................................................................8

Milk Production

Milk Consumption

Milk and Cream Imports

Milk Imports

Most Popular Milk Products Imported

Milk Exporters to South Korea

Cream Imports

Cream Exporters to South Korea

Dairy Exports

South Korean Powdered Milk and Whey Market.......................................................20

Powdered Milk

Powdered Milk Import Origins

Powdered Milk Exporters to South Korea

Whey Powder

Whey Import Origins

Whey Exporters to South Korea

South Korean Fermented Milk and Yoghurt Market..................................................27

Fermented Milk and Yogurt

Yogurt Exporters to South Korea

South Korean Butter Market

Butter

Butter Exporters to South Korea

South Korean Ice Cream Market................................................................................33

Ice cream

Most Imported Ice-cream Flavors

Ice Cream Exporters to South Korea

South Korean Cheese Market....................................................................................39

Cheese

Popular Cheese Products Imported

Cheese Exporters to South Korea

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