South Korea Meat Market to Grow with a CAGR of 3.99% through 2030

The South Korea meat market is driven by rising demand for premium and processed meats, with growth fueled by urbanization, evolving consumer preferences, and an increasing focus on sustainable, alternative protein sources

According to TechSci Research report, “South Korea Meat Market – By Region, Competition, Forecast & Opportunities, 2030F”, the South Korea Meat market stood at USD 6.08 billion in 2024 and is anticipated to grow USD 7.66 billion by 2030 with a CAGR 3.99% during forecast period. The South Korean meat market is a dynamic and evolving sector, driven by shifts in consumer preferences, changing dietary habits, and the increasing influence of both domestic and international trends. The country has a rich history of meat consumption, with pork, beef, and chicken being the primary types of meat consumed. Pork remains the dominant meat, accounting for nearly half of the total meat sales in South Korea, followed by chicken and beef. However, the landscape of the meat market is evolving with growing interest in other types of meat, such as beef, which is increasingly becoming a staple for South Korean households. Additionally, the country is witnessing rising trends in processed and ready-to-eat meat products, which cater to the growing demand for convenience and ease of consumption. This shift in consumer behavior is particularly influenced by the busy lifestyles of South Koreans and the increasing reliance on e-commerce platforms for purchasing food products.

This trend is especially significant for the younger generation, who are more inclined to shop online and appreciate the convenience that digital platforms offer. Moreover, the growth of e-commerce in the South Korean meat market has led to greater market penetration by international meat producers, who can now reach South Korean consumers directly through online platforms. This is particularly important as South Korea imports a significant portion of its meat, especially beef and pork, from countries such as the United States, Australia, and Canada. The rise of online retail has created opportunities for both local and international meat suppliers to expand their reach and cater to the growing demand for quality meat products.

In terms of market dynamics, the increasing interest in sustainable and alternative protein sources is also shaping the future of the South Korean meat market. With growing concerns over environmental sustainability and health, there is a rising demand for plant-based and lab-grown meats. These products are gaining traction as consumers become more aware of the environmental impact of traditional meat production, such as greenhouse gas emissions, deforestation, and water usage. In response, several South Korean companies have begun to develop and introduce plant-based meat alternatives, and the government has been actively working on creating a favorable regulatory environment for the production and sale of cultivated meats. Companies like Infinite Roots and SUJIS LINK are making significant strides in producing plant-based and cultivated meat products, which are expected to become a larger segment of the market in the coming years.

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The South Korea Meat market is segmented into product, type, distribution channel, regional distribution, and company.

Based on the distribution channel, the online segment is the fastest growing in the South Korean meat market, fueled by the increasing adoption of e-commerce platforms and the growing demand for convenience. As South Korean consumers seek easy and efficient shopping experiences, online meat sales have surged, particularly for fresh, frozen, and processed meats. The rise of food delivery services and home grocery deliveries has further accelerated this trend, enabling consumers to access a wide variety of meat products without leaving their homes. Additionally, the younger generation, which is more tech-savvy, prefers online shopping for meat, driving digital retail growth. The convenience of purchasing meats online, combined with competitive pricing, promotions, and the ability to compare different products, is reshaping consumer behavior. As a result, e-commerce has become a key channel for meat distribution, positioning the online segment as a major contributor to the expansion and transformation of South Korea’s meat market.

Based on region, the Southern region of South Korea is the fastest-growing segment in the meat market, driven by rising disposable incomes, changing dietary preferences, and increasing demand for diverse meat products. This region has seen significant growth in consumer spending, particularly on premium and processed meats, as urbanization and a growing middle class influence purchasing habits. The popularity of ready-to-eat and processed meat products, such as sausages, burgers, and marinated meats, is also contributing to this trend. Furthermore, the Southern region's strong retail infrastructure, including the rise of hypermarkets and e-commerce platforms, has made it easier for consumers to access a wide range of meat options. As South Koreans in this region embrace international food trends and prioritize convenience, the Southern segment's meat consumption continues to expand, positioning it as a key driver in the overall growth of the country's meat market.

Major companies operating in South Korea Meat market are:

• 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

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“The growing popularity of processed meats and ready-to-eat products is another key trend in the South Korean meat market. The demand for convenience, particularly in the form of pre-packaged or ready-to-cook meat products, is reshaping the industry. This trend is fueled by the increasing number of single-person households, busy work schedules, and the desire for easy meal solutions. Processed meats such as sausages, burgers, and hot dogs are becoming more popular, as they offer convenience and versatility. This trend is also driving innovation in the product offerings, with new flavors, packaging, and cooking methods being introduced to meet the evolving needs of consumers,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

South Korea Meat Market By Product (Chicken, Beef, Mutton, Pork, Others), By Type (Raw, Processed), By Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Online, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of South Korea Meat market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the South Korea Meat market.

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