South Korea Meat Market To Surpass USD 7.66 Billion By 2030 With Continued Growth And Rising Demand For Premium Meats

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Jan. 27, 2025 (GLOBE NEWSWIRE) -- The "South Korea Meat Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.

The South Korea Meat market has been experiencing significant growth over recent years. Factors contributing to this robust growth include the rising disposable incomes of consumers, shifting preferences towards premium meats, and an increasing quest for convenience in food choices. As one of the most technologically advanced and developed economies, South Korea's population has seen a steady climb in income levels, directly influencing higher consumption rates of quality meats such as Wagyu and Hanwoo beef.

Convenience Drives the Processed Meat Sector
In alignment with global trends, South Korean consumers are displaying a marked preference for processed meat products, such as sausages and ready-to-eat meals, motivated by the swift pace of urban life. The demand for these convenient options is causing a transformation in meat consumption habits, further supported by the sophisticated e-commerce platforms thriving in the region.

Health Awareness Influencing Market Dynamics
Health and wellness trends are also shaping the South Korean meat market. Consumers are increasingly leaning towards leaner meats and those perceived to be healthier, including organic options. This shift in consumer behavior is supporting the demand for meats raised without antibiotics and hormones, and also paves the way for the introduction of plant-based meat substitutes into the market. **Challenges in Price Volatility and Food Safety**
Price fluctuations in meat, due in part to global supply chain instabilities, pose a challenge to the market. Fluctuating costs of feed and transportation, heightened by events such as the COVID-19 pandemic, impact both producers and consumers. Additionally, concerns over food safety and the ethical treatment of animals are influencing purchasing decisions, urging producers to adopt higher welfare standards.

A Future Geared Towards Premium Quality and Alternatives
Preference for premium meats is on the rise, fueled by greater disposable income and a burgeoning interest in gourmet home cooking. Alongside this, plant-based and alternative protein options are making a notable entrance, especially among younger demographics who prioritize sustainability and health.

Distribution and Regional Dominance
Hypermarkets and supermarkets remain the preferred distribution channels due to their convenience and variety of offerings. The Northern region of South Korea, including Seoul and Incheon, continues to hold a significant share of the market, supported by strong purchasing power and advanced retail infrastructure.

Entities Steering the Market

Several key players are driving advancements and competitiveness within the market, offering a broad range of meat products to cater to the evolving tastes and preferences of South Korean consumers. The continued growth, marked by a compound annual growth rate nearing 4%, showcases the South Korea meat market's resilience and its inclination to cater to the progressive and diverse needs of its consumers. With a trajectory poised to reach a value of USD 7.66 billion by 2030, the market is indicative of the dynamic interplay between cultural dietary practices and contemporary lifestyle trends.
Key Attributes:

Report Attribute	Details
No. of Pages	81
Forecast Period	2024 - 2030
Estimated Market Value (USD) in 2024	$6.08 Billion
Forecasted Market Value (USD) by 2030	$7.66 Billion
Compound Annual Growth Rate	3.9%
Regions Covered	South Korea

Companies Featured

• CJ CheilJedang Corp.
• Hormel Foods Corporation
• Lotte Corp.
• Jungdawn Co., Ltd.
• Dongwon Group
• Daesang Corporation
• Harim Holdings Co., Ltd.
• SAJO HAEPYO Corp.
• Vion N.V.
• Sysco Corporation

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

• South Korean Meat Market

CONTACT: CONTACT: Laura Wood,Senior Press Manager ... For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

MENAFN27012025004107003653ID1109131948