Overall processed meat, seafood and alternatives to meat is expected to continue its upwards retail volume trajectory in 2023; however, it is set to turn to slight decline in the remaining years of the forecast period. Significantly, those products that are mainly consumed as ingredients for home cooking, such as shelf-stable processed red meat, chilled processed red meat and chilled processed seafood, are likely to decrease or stagnate throughout the forecast period, as cooking at home from scratch naturally decreases.
Tofu, which has long been an ingredient widely used in traditional meals in South Korea, is likely to lose its presence in the marketplace, because more consumers are shifting to ready meals, and fewer people are cooking from scratch due to the desire for convenience. This trend is a lot stronger amongst the younger generation.
Meat and seafood substitutes in South Korea are focusing on increasing sales by providing positive experiences to consumers who have yet to become familiar with their concept. Food conglomerates such as Nongshim and Shinsegae Food have developed and released their own meat substitutes, and the common strategy has been to launch vegan restaurants using their own meat substitutes on the menu.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Processed Meat, Seafood and Alternatives to Meat industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Processed Meat, Seafood and Alternatives to Meat industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.
See All of Our DefinitionsThis report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!