South Korea Dry, Condensed, and Evaporated Dairy Product Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Dry Dairy Products, Condensed Dairy Products, and Evaporated Dairy Products), By End-User Application (Food and Beverage Industry, Food Services, and Home Cooking and Culinary Use), and South Korea Dry, Condensed, and Evaporated Dairy Product Market Insights, Industry Trend, Forecasts to 2035

South Korea Dry, Condensed, and Evaporated Dairy Product Market Size Insights Forecasts to 2035

• The South Korea Dry, Condensed, and Evaporated Dairy Product Market size is Expected to Grow at a CAGR of around 5.2% from 2025 to 2035
• The South Korea Dry, Condensed, and Evaporated Dairy Product Market size is expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Dry, Condensed, and Evaporated Dairy Product Market Size is anticipated to grow at a CAGR of 5.2% from 2025 to 2035. The market is driven by growing demand for convenient, long-lasting dairy options and increased consumption of processed foods are driving the market and rising cafe culture and home baking trends are also boosting usage of condensed and evaporated milk products.

Market Overview

South Korea dry, condensed, and evaporated dairy product market is growing consistently due increasing demand for long shelf-life dairy substitutes. They play an important role in food applications in baking, beverages, and ready-to-eat foods. The market is buoyed by South Korea's urban lifestyle, growing dual-income households, and adoption of packaged, instant-use ingredients. Dried dairy foods are utilized in processed foods and baby food. Evaporated and condensed dairy foods are applied in desserts and soft drinks. Market is also spurred by growing café culture, bakery industry, and HoReCa segment demand. Restraints to the industry are reliance on dairy imports, uncertain global prices of milk, and regulation requirements on sugar levels and labeling. In spite of these difficulties, technological advancements and changing diet patterns present prospects for expansion both in industrial and in home markets.

Report Coverage

This research report categorizes the market for the South Korea dry, condensed, and evaporated dairy product market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea dry, condensed, and evaporated dairy product 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 dry, condensed, and evaporated dairy product market.

Driving Factors

The demand for shelf-stable dairy, bakery and beverage growth, and increased consumer demand for ready-to-use cooking ingredients drives the South Korean dried, condensed, and evaporated dairy products market. Urban consumers want convenient and consistent dairy substitutes, particularly for tea, coffee, baking, and sauces. Dry milk is the infant food and packaged meal ingredient of choice. In addition to this, the foodservice sector applies these products to ensure consistency of recipe and prevent spoilage, thereby facilitating broader commercial application.

Restraining Factors

The market is constrained by its import-based reliance on dairy ingredients, exposing it to international supply threats and price fluctuation. Consumer acceptance of added sugars in condensed milk and changing food labeling requirements may influence demand. Secondly, special handling and storage of the product contribute towards higher logistics expenses, a deterrent to small and medium-size distributors.

Market Segmentation

The South Korea Dry, Condensed, and Evaporated Dairy Product Market share is classified into product type and end-user application.

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

The South Korea dry, condensed, and evaporated dairy product market is segmented by product type into dry dairy products, condensed dairy products, and evaporated dairy products. Among these, the dry dairy products segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Dry dairy products like milk powders are widely applied in infant formula, baked goods, ready-to-eat foods, and beverages because they have a longer shelf life and less expensive bulk handling cost. Their flexibility, storage convenience, and reconstitution make them an industry and consumer favorite.

• The food and beverage industry segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea dry, condensed, and evaporated dairy product market is segmented by end-user application into food and beverage industry, food services, and home cooking and culinary use. Among these, the food and beverage industry dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This segment applies all three categories of dairy products to a wide range of products from baked goods and processed food to confectionery, beverages, and cooking sauces. Regular use is supplemented by market demand for stable, high-producing, and inexpensive material with the shift in diet pattern among consumers to convenience food and packaged food.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea dry, condensed, and evaporated dairy product 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

• Maeil Dairies Co., Ltd.
• Namyang Dairy Products Co., Ltd.
• Seoul Milk Cooperative
• Seoul F&B Co., Ltd.
• Dongwon F&B
• Pulmuone Co., Ltd.
• Lotte Food Co., Ltd.
• Dr. Chung’s Food Co., Ltd.
• CJ CheilJedang Corporation
• 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 dry, condensed, and evaporated dairy product market based on the below-mentioned segments:

South Korea Dry, Condensed, and Evaporated Dairy Product Market, By Product Type

• ·Dry Dairy Products

• ·Condensed Dairy Products

• ·Evaporated Dairy Products

South Korea Dry, Condensed, and Evaporated Dairy Product Market, By End-User Application

• ·Food and Beverage Industry

• ·Food Services

• ·Home Cooking and Culinary Use