The South Korean dairy & soy food sector is projected to grow from ₩8.5 trillion (US$7.3bn) in 2019 to ₩9.5 trillion (US$8.1bn) in 2024 at a compound annual growth rate (CAGR) of 2.2%, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘South Korea Dairy & Soy Food – Market Assessment and Forecasts to 2024’ reveals that the sector is majorly driven by growth in the butter & spreadable fats category, which is forecast to register the fastest value CAGR of 5.3% during 2019–2024. The category is followed by cheese and cream, which is expected to record CAGRs of 4.1% and 4% respectively during the next five years.
…
Related posts:
It’s raining tech unicorns in India with increasing digital adoption, says GlobalData
Netherlands on track to phase out coal power by 2030, says GlobalData
New low-cost start-up Bonza Airlines set to fill void in Australia’s domestic routes, says GlobalDat...
Reduced risk of CV morbidity and mortality demonstrated in FIGARO-DKD study
