In 2023, the grape market size volume in South Korea stood at 190.0 thousand metric tons. According to the forecasted data, there is an expected year-on-year decline in volume from 2024 to 2028. The grape market is set to decrease from 182.0 thousand metric tons in 2024 to 150.0 thousand metric tons by 2028. This represents a gradual contraction with an average annual decrease (CAGR) over the forecast period. The trend suggests a consistent reduction in the demand or supply of grapes.
Future trends to watch for include shifts in consumer preferences towards other fruits, changes in domestic production capacities, potential impacts of climate change on grape cultivation, and competitive dynamics with imports from other grape-producing regions. Additionally, innovations in agricultural technology and practices could alter production efficiency and yield patterns.
