Key Market Indicators
Korean Pet Food Exports are projected to hit approximately 7.9 million kilograms by 2028, up from around 7.4 million kilograms in 2023. This marks a steady annual growth rate of 1.2%. Since 1993, the supply has been increasing at an average annual rate of 1.5%. In 2023, Korea ranked 38th in global pet food exports, with Greece surpassing it at the same volume of 7.4 million kilograms. The top exporters in this category were France, the United States, and Poland, respectively occupying the second, third, and fourth positions. On the import front, Korea's pet food imports are expected to reach roughly 87.6 million kilograms by 2028, up from an estimated 76 million kilograms in 2023. This represents an average annual growth rate of 2.3%. Since 1993, Korean demand for pet food has been climbing at an annual average rate of 3.5%.
