South Korea Butter Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Standard Butter, Clarified Butter, Whipped Butter, and Others), By Category (Salted and Unsalted), By Form (Spreads, Liquid/Oil, Blocks, and Others), By End-Use (Food Processing, Food Service, and Food Retail), and South Korea Butter Market Insights, Industry Trend, Forecasts to 2035.

South Korea Butter Market Insights Forecasts to 2035

• The South Korea Mushroom Extract Market Size Was Estimated at USD 179.01 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.31% from 2025 to 2035
• The South Korea Mushroom Extract Market Size is Expected to Reach USD 316.28 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Mushroom Extract Market Size is Anticipated to reach USD 316.28 Million By 2035, Growing at a CAGR of 5.31% from 2025 to 2035. The product's growth is also anticipated to be aided by rising consumption of baking and confectionery goods, where butter is primarily utilized for flavouring and tenderness.   

Market Overview

South Korea butter market is the manufacture, distribution, and consumption of butter, a dairy product obtained mainly from cow's milk. It is an important ingredient in the food and beverage sector, especially in bakery, confectionery, and culinary uses. Moreover, the market is driven by the increasing demand for high-quality, natural dairy products from consumers and the rising popularity of Western diet. Health-oriented consumers also look for butter forms such as clarified butter versions like ghee based on perceived health advantages. Market opportunities exist in developing product types such as organic, unsalted, or flavored butters, and increasing retail and web distribution channels. Increasing disposable incomes and changing lifestyles also favor market expansion. Government programs such as subsidies to dairy farmers, quality control laws, and assistance for local dairy production are designed to cut reliance on imports and stabilize prices. Food safety regulations promulgated by South Korea's Ministry of Food and Drug Safety also ensure consumer confidence. These efforts combined provide a favorable platform for growth and investment in the nation's butter industry.

Report Coverage

This research report categorizes the market for the South Korea butter market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea butter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea butter market.

Driving Factors

Growing consumer demand for Western-style baked goods and confections, which frequently include butter as a primary ingredient, is driving the butter market in South Korea. Rising disposable incomes and changing dietary patterns have led to a rise in the consumption of artisanal and high-end foods, which has boosted butter sales. The growth of the foodservice industry, which includes cafes and bakeries, also supports demand. Additionally, home baking has become more popular due to the impact of cookery shows and international food trends, which has increased retail butter purchases. The market is developing as a result of South Korea's growing urban population as well as consumers' increasing preference for natural and organic food items.

Restraining Factors

There are various obstacles that could prevent the South Korean butter market from expanding. Because of the saturated fats in butter, health-conscious customers are choosing plant-based or low-fat substitutes more and more. The market also faces price volatility for dairy products like milk and cream, which can have an impact on profit margins and manufacturing costs. Manufacturers may incur compliance expenses due to regulatory restrictions, such as strict labeling and food safety rules.

Market Segmentation

The South Korea butter market share is classified into product type, category, form, and end-use.

• The standard butter segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea butter market is segmented by product type into standard butter, clarified butter, whipped butter, and others. Among these, the standard butter segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its smooth and creamy texture is achieved by churning fresh milk or cream. Standard butter is frequently used as a spread, in baking, and in cooking because of its rich flavour.

• The salted segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea butter market is segmented by category into salted and unsalted. Among these, the salted segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Salt enhances the butter's flavour and adds a subtle note of salinity, giving it a savoury flavour character. Toast, bread, and other baked items are frequently smeared with salted butter.

• The spreads segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea butter market is segmented by form into spreads, liquid/oil, blocks, and others. Among these, the spreads segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment with the highest revenue was spreads. These are well-liked butter varieties that are practical and simple to use. In order to make these spreads softer and more spreadable, butter is typically blended with oils or other substances. Spreads are frequently used to bagels, toast, and bread. They frequently come in a variety of flavors, including honey, garlic, and herb.

• The food processing segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea butter market is segmented by end use into food processing, food service, and food retail. Among these, the food processing segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. It enhances these items flavor, texture, and richness, increasing their consumer appeal. Due to its creamy and decadent flavor, butter is frequently used in cakes, croissants, biscuits, and pastries.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea butter market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Seoul Dairy Cooperative (Seoul Milk)
• Namyang Dairy Products
• CJ CheilJedang
• SPC Group
• Hy Co., Ltd.
• Yeolmae Food
• Green Fields Dairy Co.
• Harvest Fresh Dairy Ltd.
• Dairy Farmers of America (DFA)
• Ornua
• MS Iceland Dairies
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea butter market based on the below-mentioned segments

South Korea Butter Market, By Product

• Standard Butter
• Clarified Butter
• Whipped Butter
• Others

South Korea Butter Market, By Category

• Salted
• Unsalted

South Korea Butter Market, By Form

• Spreads
• Liquid/Oil
• Blocks
• Others

South Korea Butter Market, By End-Use

• Food Processing
• Food Service
• Food Retail