South Korea: food market size| ��ƽ��

Size of the food market in South Korea from 2014 to 2023 (in trillion South Korean won)

Characteristic	Market value in trillion South Korean won
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Release date

December 2024

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Region

South Korea

Survey time period

2014 to 2023

Supplementary notes

In order to calculate the size of the food market, the following formula was applied:
Market size = (Production value) - (Export value) + (Import value)

Food in this statistic may include processed food, health functional food and agricultural & fishery products.

1,000 South Korean won equals 0.68 U.S. dollars or 0.63 euros as of April 2025.

Citation formats

In 2023, the food market size in South Korea amounted to around trillion South Korean won, increased from about trillion in the previous year. Overall, the size of the food market increased throughout the years.

Korean food exports worldwide 

As Korean culture spills over to other countries via TV shows, music, and more, Korean cuisine also gained popularity, particularly in Asia. In line with the popularity of Korean food worldwide, the value of food exported from South Korea has drastically increased in recent years, which expanded the Korean food market size to global scale. Products that are easy to distribute and access are leading in exports, such as instant noodles, kimchi, and seasoned seaweed.

Online grocery and food service trends in South Korea 

As technology advances, online services are also becoming a huge trend in the grocery and food industry. Its popularity is seen in the growth of the online grocery market as well as increased transaction value of food and beverages in online sales, which both have significantly increased over the last 5 years. Quick and convenient delivery systems are chosen as the main advantages of online grocery shopping.