South Korea Fruits and Vegetables Market Introduction and Overview
According to SPER Market Research, the South Korea Fruits and Vegetables Market is estimated to reach USD 23.99 billion by 2033 with a CAGR of 7.61%.
The report includes an in-depth analysis of the South Korea Fruits and Vegetables Market, including market size and trends, product mix, applications, and supplier analysis. A healthy diet must include fruits and vegetables since they are a great source of important nutrients like fiber, vitamins, minerals, and antioxidants. These dietary items improve general health by reducing the risk of chronic conditions like diabetes, cancer, and heart disease. These categories contain a wide range of foods, from citrus fruits and berries to leafy greens and root vegetables. Not only are they essential for preserving physical health, but they are also deeply ingrained in global culinary customs. Fruits and vegetables can be eaten in a variety of ways, such as fresh, frozen, canned, or dried, and each has its own distinct flavor and nutritional advantages.
- January 2023; A new program to boost domestic production of organic fruits and vegetables was unveiled by the Ministry of Agriculture, Food, and Rural Affairs with the goal of promoting sustainable farming techniques and lowering reliance on imports. This program supports research into organic agricultural practices and provides subsidies to organic producers.
- February 2024; In response to the growing demand for unusual and off-season goods, South Korea and Australia struck a trade deal that will facilitate the import of Australian fruits and vegetables. It is anticipated that this agreement will maintain price stability and guarantee a consistent annual supply of superior fruits and vegetables.
Market Opportunities and Challenges
Opportunities- The market for fruits and vegetables raises consumer demand for a wider variety of nutrient-dense foods. The market is expanding because there are more people to feed and a greater need for a range of fruits and vegetables to meet nutritional requirements. In order to sustainably feed the expanding population, this demographic trend promotes agricultural innovation, technological adoption, and increased production. As a result, the market for fruits and vegetables becomes crucial to global food security and nutrition. The year-round need for a variety of fruits and vegetables is met by enhanced transportation infrastructure, effective cold chain systems, and creative packaging solutions that allow fresh produce to be available for longer periods of time. These factors also minimize waste.
Challenges- Crop yields can be impacted by erratic weather patterns, high temperatures, and unfavorable climatic circumstances, which could result in uneven availability and possible quality problems. In order to maintain stable supply and demand dynamics, producers and consumers must contend with this variability. Regulatory limitations, such as strict guidelines for quality assurance, the use of pesticides, and international trade agreements, may provide difficulties for the South Korean market for fruits and vegetables. The growth and competitiveness of the sector might be impacted by producers' limited market access and the additional expenditures needed to comply with varying rules across different countries.
Market Competitive Landscape
The South Korea Fruits and Vegetables Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Chung Jung Won Co., Ltd., CJ Freshway Corporation, Daesang FNF Co., Ltd., Hanwha Fresh Co., Ltd., Joy Farm Co., Ltd., Korea Yakult Co., Ltd., Lotte Fresh Farm Co., Ltd., NongHyup Agribusiness Group, Oriental Trading Co., Ltd., Sempio Foods Company, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Distribution Channel, By Application
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| Regions covered | Northern Region, Southern Region, Western Region, Eastern Region, Central Region
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| Companies Covered | Chung Jung Won Co., Ltd., CJ Freshway Corporation, Daesang FNF Co., Ltd., Hanwha Fresh Co., Ltd., Joy Farm Co., Ltd., Korea Yakult Co., Ltd., Lotte Fresh Farm Co., Ltd., NongHyup Agribusiness Group, Oriental Trading Co., Ltd., Sempio Foods Company, Others.
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COVID-19 Impact on South Korea Fruits and Vegetables Market
The market for fruits and vegetables in South Korea was significantly impacted by the COVID-19 outbreak. Global supply chain disruptions caused shortages and price increases for imported food. Lockdowns and a lack of labor made distribution difficult for domestic producers. Nonetheless, the pandemic furthermore expedited the expansion of internet-based grocery buying, augmenting revenue for regional producers via direct-to-consumer methods. Some negative consequences were lessened by government attempts to promote local agriculture and guarantee food security, which encouraged market resilience and adaptability.
Key Target Audience:
- Farmers and Agricultural Producers
- Agribusinesses and Agricultural Cooperatives
- Government Agencies and Regulatory Bodies
- Research Institutions and Academia
- Distributors and Retailers
- Environmental and Sustainability Groups
Our in-depth analysis of the South Korea Fruits and Vegetables Market includes the following segments:
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By Product:
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Fresh Fruits and Vegetables
Frozen Fruits and Vegetables
Dried Fruits and Vegetables
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By Distribution Channel:
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Grocery Stores
Supermarket/Hypermarkets
Online
Others
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By Application:
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Raw Eating
Juices
Salads
Preserves and Jams
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Key Topics Covered in the Report:
- South Korea Fruits and Vegetables Market Size (FY’2024-FY’2033)
- Overview of South Korea Fruits and Vegetables Market
- Segmentation of South Korea Fruits and Vegetables Market by Product (Fresh Fruits and Vegetables, Frozen Fruits and Vegetables, Dried Fruits and Vegetables)
- Segmentation of South Korea Fruits and Vegetables Market by Distribution Channel (Grocery Stores, Supermarket/Hypermarket, Online, Others)
- Segmentation of South Korea Fruits and Vegetables Market by Application (Raw Eating, Juices, Salads, Preserves and Jams, Others)
- Statistical Snap of South Korea Fruits and Vegetables Market
- Expansion Analysis of South Korea Fruits and Vegetables Market
- Problems and Obstacles in South Korea Fruits and Vegetables Market
- Competitive Landscape in the South Korea Fruits and Vegetables Market
- Impact of COVID-19 and Demonetization on South Korea Fruits and Vegetables Market
- Details on Current Investment in South Korea Fruits and Vegetables Market
- Competitive Analysis of South Korea Fruits and Vegetables Market
- Prominent Players in the South Korea Fruits and Vegetables Market
- SWOT Analysis of South Korea Fruits and Vegetables Market
- South Korea Fruits and Vegetables Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South Korea Fruits and Vegetables Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Fruits and Vegetables Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Fruits and Vegetables Market
7. South Korea Fruits and Vegetables Market, By Product(USD Million) 2020-2033
7.1. South Korea Fruits and Vegetables Market Size, Share and Forecast, By Product, 2020-2026
7.2. South Korea Fruits and Vegetables Market Size, Share and Forecast, By Product, 2027-2033
7.3. Fresh Fruits and Vegetables
7.4. Frozen Fruits and Vegetables
7.5. Dried Fruits and Vegetables
8. Fruits and Vegetables Market, By Distribution Channel (USD Million) 2020-2033
8.1. South Korea Fruits and Vegetables Market Size, Share and Forecast, By Distribution Channel, 2020-2026
8.2. South Korea Fruits and Vegetables Market Size, Share and Forecast, By Distribution Channel, 2027-2033
8.3. Grocery Stores
8.4. Supermarket/Hypermarkets
8.5. Online
8.6. Others
9. South Korea Fruits and Vegetables Market, By Application(USD Million) 2020-2033
9.1. South Korea Fruits and Vegetables Market Size, Share and Forecast, By Application, 2020-2026
9.2. South Korea Fruits and Vegetables Market Size, Share and Forecast, By Application, 2027-2033
9.3. Raw Eating
9.4. Juices
9.5. Salads
9.6. Preserves and Jams
9.7. Others
10. South Korea Fruits and Vegetables Market Forecast, 2020-2033 (USD Million)
10.1. South Korea Fruits and Vegetables Market Size and Market Share
11. South Korea Fruits and Vegetables Market, By Region, 2020-2033 (USD Million)
11.1. South Korea Fruits and Vegetables Market Size and Market Share By Region (2020-2026)
11.2. South Korea Fruits and Vegetables Market Size and Market Share By Region (2027-2033)
11.3. Northern Region
11.4. Southern Region
11.5. Western Region
11.6. Eastern Region
11.7. Southern Region
12. Company Profile
12.1. CHUNG JUNG WON CO
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. CJ FRESHWAY CORPORATION
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. DAESANG FNF CO.
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. HANWHA FRESH CO.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. JOY FARM CO
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. KOREA YAKULT CO.
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. LOTTE FRESH FARM
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. NONGHYUP AGRIBUSINESS GROUP
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. SEMPIO FOODS COMPANY
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links