Grocery market in South Korea
The South Korean Grocery eCommerce market is predicted to reach US$27,226.7 million by 2024 and accounts for 23.7% of the total eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 14.2%, resulting in a projected market volume of US$46,279.5 million by 2028. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.
Market development
eCommerce revenue development in the Dairy Goods market in South Korea
The South Korean Dairy Goods eCommerce market is predicted to reach US$2,769.3 million by 2024 and accounts for 26.7% of the Fresh Food eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 14.4%, resulting in a projected market volume of US$4,740.7 million by 2028. The Dairy Goods eCommerce market is a sub-market of the Fresh Food market. Further categories within the Fresh Food market are: Chilled Food, Fruits & Vegetables, Meat & Fish, and Other Fresh Food.
eCommerce revenue development in the Dairy Goods market in South Korea
eCommerce revenue growth in the Dairy Goods market in South Korea
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 92.3 | 15.9 | 77.3 | 45.7 | 93.6 | 86.7 | 25.2 | 98.5 |
Market definition
Definition of the Dairy Goods market within the Grocery market
Market definition: Grocery > Food > Fresh Food > Dairy Goods The category Dairy Goods includes the online trade of dairy goods (e.g. milk, cheese, yogurt) and eggs. This category does not cover plant-based dairy alternatives (e.g. almond milk, soy milk, coconut milk). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Dairy Goods (e.g. milk, cheese, yogurt)
- Eggs
Out-of-scope
- Plant-based dairy alternatives (e.g. almond milk, soy milk, coconut milk)
Market comparison
The South Korean Dairy Goods market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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