Forecast: Value Added of Food and Beverages in South Korea

The Value Added of Food and Beverages in South Korea is forecasted to increase continually from 2024 to 2028, with figures rising from 25.561 trillion South Korean Wons in 2024 to 27.948 trillion Wons in 2028. The annual year-on-year percentage variations are as follows: 2025 (2.40%), 2026 (2.30%), 2027 (2.20%), 2028 (2.12%). Over the last two years, there has been a consistent upward trend, and the compound annual growth rate (CAGR) over the five-year period is 2.26%.

Notable future trends to watch for include:

• Increased focus on healthier food options driving market value.
• Technological advancements in food production and supply chain efficiencies.
• Potential regulatory changes impacting the industry.
• Growing consumer demand for convenience foods.