The South Korean grapefruit market size volume stood at 27.0 thousand metric tons in 2023. Over the last decade, annual volumes have shown variability, with significant peaks and troughs. Notably, from 2014 to 2023, the Compound Annual Growth Rate (CAGR) averaged 1.55%. The volume incremented from 21.0 in 2014 to a relatively stable 27.0 thousand metric tons since 2021 onwards. Looking at the year-over-year variations, there was minimal change in recent years, indicating a mature market. The forecasted data suggests slight growth, reaching 28.0 thousand metric tons by 2025, with a 5-year CAGR of 0.73% and a forecasted growth rate of 3.7% in 2028.
Future trends to watch for in the grapefruit market in South Korea include potential shifts in consumer preferences towards healthier diets, possible impacts from global trade dynamics affecting imports, and climatic conditions influencing domestic production. Monitoring these factors will be essential for anticipating changes in market volume. Additionally, emerging trends in the way grapefruits are marketed and consumed may also sway market demand.
