South Korea: Pet Food Market Update 2016
Income growth and popularity in pet ownership, especially dogs, have increased demand for pet food in South Korea. Korea imported a total of $148 million worth of pet food in 2015, an 11% increase from $133 million in 2014. Respectively, Korea imported $40 million worth from the United States, up 17% from $34 million. This trend is expected to continue as per capita income continues to grow. Per capita income reached $27,340 in 2015 compared to $24,696 in 2012.
