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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.
Butter consumption in Korea has been steadily increasing as the Korean diet has grown more westernized.
Overall sales of bakery mixes and doughs in consumer packages in grocery stores continue to decline.
The lobster market has grown since Korea signed FTAs with the United States in 2012 and Canada in 2015. Korean lobster imports totaled 5,254 metric tons in 2019.
Korean consumers value tree nuts for their health benefits. Most tree nuts are imported.
Although Burma (also called Myanmar) does not yet have a comprehensive biosafety legislation, the final version of the National Biosafety Framework is completed and pending approval...
Hong Kong did not have any policy changes on regulating genetically engineered (GE) products in the past year.