The forecast for grapefruit demand in South Korea from 2024 to 2028 suggests a consistent growth in the market, starting at 27.0 thousand metric tons in 2024 and stabilizing at 28.0 thousand metric tons from 2025 onwards. As of 2023, the demand was at 25.0 thousand metric tons, reflecting a notable increase moving into 2024. Year-on-year, the demand is projected to rise by approximately 4% from 2023 to 2024.
From 2024 to 2025, there is an increase of 3.7%, followed by a stable plateau from 2025 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is about 2.7%, indicating steady demand for grapefruits.
Future trends to watch for include potential shifts in consumer health consciousness which could further boost grapefruit consumption. Trade policies, climate conditions affecting local and international supply, and emerging dietary trends will also play crucial roles in shaping the market dynamics for grapefruit demand in South Korea.
