Browse Data and Analysis

Korean seafood imports totaled $6.47 billion in 2022, up 12.7 percent from the year before. Seafood for human consumption imported from the United States to Korea in 2022 reached $229 million, an increase of 5.6 percent year-to-year. The United...

Domestic production is projected to drop to 1.93 million tons in 2023 after reaching 1.98 million tons in 2021. Milk production is expected to show a downward trend due to the decreasing number of dairy farms, decreasing number of milk cows, and...

In 2021 (latest data available), sales of the HRI food service sector reached 150.76 trillion KRW (131.7 billion USD), an increase of 7.77 percent from 2020 and an increase of 4.41 percent from 2019.

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.

The cheese market is expected to continue to grow as cheese becomes increasingly integrated in Korea’s dietary culture.

Domestic honey production declined sharply in recent years due to climate change and insect damage.

The Korean the ice cream market totaled $1.3 billion in 2019, down 20% from 2016.

While chocolate is a popular snack in Korea, sales have stagnated. Confectioners have been introducing new products to meet customer’s changing demands.