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As of 2019, the Korean pet food market is estimated at over one billion USD. Korea’s pet food market is expanding along with its growing pet population.
Beer is the most consumed alcoholic beverage in Korea. Imported beer continues to expand market share.
Coffee consumption in Korea is widespread and growing rapidly. Tea is also becoming more popular due to health-conscious consumers.
Korea is a major importer of a diverse range of dried fruit.
Cherries are one of the most popular imported fruits in Korea, followed by bananas and oranges. This trend is expected to continue in the coming years.
While the overall distilled spirits market has stagnated, changes in consumer tastes are creating new opportunities for imported products.
Korea is the United States’ top export market for oranges and the third largest market for lemons and grapefruit.
The COVID-19 epidemic in Korea significantly impacted pork consumption patterns in 2020.
This report is an update on recent efforts by Korea to update their veterinary drug safety management system, which may impact U.S. exports of meat and livestock products to Korea.
Korea’s 2020 chicken production is expected to increase to 971,000 MT (up two percent from 2019) driven by new slaughter plant openings and carry-over capacity from high 2019 parental stock...
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.