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The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Korea has a strong food processing industry that manufactures a wide variety of food and beverage products. It also relies heavily on imports to fulfill its food and agricultural needs.
The Republic of Korea (Korea) is a developed Asian country with a global presence in high-tech, automobile, and electronics industries. Korea is an industrial powerhouse with a skilled labor force.
The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products.
A look at how U.S. agricultural exports performed in 2020.
COVID-19 has shaped food trends in South Korea with online food sales growing by 46 percent in 2020 to $17 billion.
Korea has a strong food processing industry that manufactures a wide variety of food and beverage products.
Korea’s juice market is dominated by large domestic manufacturers. Imports, while making up less than 15% of the market, are on the rise.
The jams, jellies and preserves market is growing steadily. Domestic manufacturers are expanding their market share by launching products targeted to Korean consumers’ needs.
Growth in e-commerce and meal delivery services have opened new sales channels for soft drinks.
Growth in the Home Meal Replacement (HMR) market and Korean consumer demand for more flavors have driven up imports of condiments and sauces.
Peanuts are popular in Korea and consumed in a variety of ways. Demand for peanuts and peanut butter is steady.