Forecast: Meat Market Size Volume Per Capita in South Korea

The meat market size volume per capita in South Korea is projected to see a steady year-on-year increase from 2024 to 2028. The values forecasted are as follows: 74.55 kg in 2024, 75.21 kg in 2025, 75.86 kg in 2026, 76.50 kg in 2027, and 77.12 kg in 2028. Compared to 2023, this represents a stable growth trend.

Year-on-year percentage variations reflect a gradual rise, with an average Compounded Annual Growth Rate (CAGR) over the last five years indicating a continuous incremental increase per year. For instance, the annual increase from 2024 to 2025 is approximately 0.89%, from 2025 to 2026 is roughly 0.86%, from 2026 to 2027 is about 0.84%, and from 2027 to 2028 hovers around 0.82%.

Future trends to watch for include changes in consumer preferences towards alternative proteins, potential market disruptions due to international trade policies, and environmental concerns driving demand for more sustainable meat production methods. Additionally, innovations in the meat industry such as lab-grown meat could play a significant role in shaping per capita consumption in the coming years.