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Overall sales of bakery mixes and doughs in consumer packages in grocery stores continue to decline.
The lobster market has grown since Korea signed FTAs with the United States in 2012 and Canada in 2015. Korean lobster imports totaled 5,254 metric tons in 2019.
Korean consumers value tree nuts for their health benefits. Most tree nuts are imported.
Korea is the United States top export market for pomegranates. U.S. pomegranate sales to Korea have fully recovered after a drop in 2016 due supply shortages.
Domestic production of grapes is decreasing. Imports have continuously increased since the Korea-Chile Free Trade Agreement in 2004.
Hop imports declined in 2019 due to the overall stagnation of the Korean beer market. However, the craft beer market in Korea has been growing over the past few years leading to increased...
The frozen fruit market in Korea has been on a decline. However, there are still opportunities for growth as Korean consumers value diversity and convenience.
In Marketing Year (MY) 2020/21, Korea’s fresh apple production is projected to decrease by 15 percent to 455,000 MT due to reduced planted area and weather-related damage.
The Korean wine market continues to expand as consumers look for high quality, lower alcohol beverages.
As of 2019, the Korean pet food market is estimated at over one billion USD. Korea’s pet food market is expanding along with its growing pet population.
Beer is the most consumed alcoholic beverage in Korea. Imported beer continues to expand market share.
Coffee consumption in Korea is widespread and growing rapidly. Tea is also becoming more popular due to health-conscious consumers.