South Korea: Food Processing Ingredients
Korea relies heavily on imports to fulfill its food and agricultural needs. Korea maintains a strong food processing industry that manufactures a wide variety of food and beverage products. As a result, the Korean food processing industry offers an outstanding opportunity for imported agricultural products for processing use from basic commodities such as wheat and soybean to intermediate ingredients such as vegetable oils and fruit juice concentrates to food additives such as flavors and coloring agents. In 2017, the food processing industry generated 70.2 trillion KRW, approximately $62.1 billion, of sales, up 3.5 percent from 2016.