In 2023, South Korea's domestic food consumption of soybeans stood at 340.0 Thousand Metric Tons. For the years 2024 through 2028, the forecasted consumption is projected to remain constant at 340.0 Thousand Metric Tons annually. This translates to a 0% year-on-year variation, indicating no expected growth or decline in soybean consumption over this period. The Compound Annual Growth Rate (CAGR) over the last five years also stands at 0%, reflecting a stable consumption pattern without any anticipated changes.
Future trends to watch for include potential shifts in dietary preferences towards plant-based proteins, developments in soybean farming technology that could affect domestic production, and changes in import policies impacting the availability and price of soybeans. Monitoring these factors will be crucial to understanding any deviations from the current forecast.
