Food market size in South Korea 2012-2021

In 2021, the food market size in South Korea amounted to around 188.83 trillion South Korean won, increased from about 166.8 trillion in the previous year. Overall, the size of the food market increased throughout the years.

 Korean food exports worldwide 

As Korean culture spills over to other countries via TV shows, music, and more, Korean cuisine also gained popularity, particularly in Asia. In line with the popularity of Korean food worldwide, the value of food exported from South Korea has drastically increased in recent years, which expanded the Korean food market size to global scale. Products that are easy to distribute and access are leading in exports, such as instant noodles, kimchi, and seasoned seaweed.

 Online grocery and food service trends in South Korea 

  As technology advances, online services are also becoming a huge trend in the grocery and food industry. Its popularity is seen in the growth of the online grocery market as well as increased transaction value of food and beverages in online sales, which both have significantly increased over the last five years. Quick and convenient delivery systems are chosen as the main advantages of online grocery shopping.