The South Korean pork market has shown steady growth from 2014 to 2023, reaching a volume of 2.01 million metric tons in 2023. This denotes a year-on-year increase of 1.21% for 2023, with a compound annual growth rate (CAGR) over the last five years standing at 1.01%. The most significant year-on-year growth was in 2015 at 8.32%, followed by a stable yet modest progression in subsequent years, demonstrating resilience in the market.

Future trends to watch for include:

Continued but slower growth, with a forecasted 5-year CAGR of 0.84% from 2024 to 2028.
Potential impacts of changes in consumer preferences toward more sustainable and diverse protein sources.
Technological innovations in the pork production process improving efficiency and output.