Forecast: Number of Persons Employed in Food and Beverages in South Korea

The employment in the Food and Beverages sector in South Korea is forecasted to increase steadily from 2024 to 2028. In 2024, the number of persons employed is expected to be 412.6 thousand, rising to 423.6 thousand by 2028. Notably, the figures showed a consistent year-on-year growth: 0.7% from 2023 to 2024, 0.68% from 2024 to 2025, 0.67% from 2025 to 2026, 0.65% from 2026 to 2027, and 0.64% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 0.67%, indicating a stable and modest increase in employment within the industry.

Future trends to watch for include technological advancements in food processing and service delivery, shifts in consumer preferences towards sustainable and health-conscious products, and potential regulatory changes affecting labor and industry standards. Monitoring these factors will be crucial for understanding the long-term employment landscape in South Korea’s Food and Beverages sector.

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