Blogs
on August 5, 2024
South Korea Meat Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 6.40% (2024-2032)
The South Korea Meat Market is experiencing significant growth, driven by consumer preferences for convenience and time-saving solutions. According to IMARC Group's latest report, the market is projected to exhibit a growth rate (CAGR) of 6.40% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/south-korea-meat-market/requestsample
South Korea Meat Industry Trends and Drivers:
The South Korea meat market is experiencing significant transformation owing to evolving customer tastes and advancements in technology. In addition, premium meat products are becoming more popular among consumers, which is in line with a larger trend of quality- and health-conscious consumption. Rising disposable incomes and increased awareness about the benefits of high-quality meat, including organic and free-range options, largely influence this shift. Moreover, the impact of Western dining preferences has led to a surge in demand for beef and pork cuts that are traditionally popular in Western countries, further diversifying the South Korea meat market. In line with this, the integration of blockchain and IoT technologies in the supply chain is enhancing transparency and food safety, boosting consumer confidence and requirements.
Evolving lifestyle habits are also influencing the dynamics of the South Korea meat market, especially in cities where hectic schedules are driving up demand for pre-packaged, ready-to-cook meat products. These products offer convenience without compromising on quality, catering to the fast-paced lives of South Korean consumers. Additionally, the support of government bodies for the domestic meat industry through subsidies and promotional campaigns is also playing a crucial role in sustaining the growth of local meat producers. Furthermore, on the environmental front, there is a noticeable increase in the demand for sustainable and ethically produced meat, influenced by global environmental concerns and animal welfare considerations. These factors collectively propel the growth of the South Korea meat market, setting the stage for continued expansion and innovation in the sector.
South Korea Meat Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest South Korea meat market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
The report has segmented the market into the following categories:
Breakup by Product:
- Chicken
- Beef
- Pork
- Mutton
- Others
Breakup by Type:
- Raw
- Processed
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Departmental Stores
- Specialty Stores
- Online Stores
- Others
Breakup by Region:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Posted in: Business
Topics:
south korea meat market