In 2023, the stock of mutton and goat meat in South Korea stood at 13.0 thousand metric tons. Forecasted data from 2024 to 2028 indicate a consistent increase: remaining stable at 14.0 thousand metric tons for 2024 and 2025, rising to 15.0 thousand metric tons for 2026 and 2027, and reaching 16.0 thousand metric tons by 2028.
Year-on-year, the percentage variation shows stability between 2024 and 2025 with no growth, then an increase of approximately 7.1% from 2025 to 2026, and from 2026 to 2027. The stock is projected to grow by about 6.7% by 2028 compared to 2027. The compound annual growth rate (CAGR) between 2023 and 2028 stands at roughly 4.3%.
Future trends to watch for:
• Potential shifts in consumer preference and dietary trends toward or against mutton and goat meat.
• Impact of local production, import regulations, and trade policies on stock levels.
• Economic factors and lifestyle changes that could influence meat consumption patterns in South Korea.
