Browse Data and Analysis

In 2020, sales of the HRI food service sector reached 140 trillion KRW (122.2 billion USD), a decrease of 3.1 percent from 2019. The pandemic affected the sector harshly and most of its sub-sectors experienced decreases in sales.

The significant rise of dog- and cat-owning households in East Asia presents an opportunity to increase the U.S. exports of pet food.

The long-term outlook for South Korea’s Hotel, Restaurant and Institutional (HRI) sector is positive, with strong growth up until the COVID-19 pandemic.