The pork production in South Korea has shown a generally steady upward trend from 2013 through 2023, moving from 1.31 million metric tons in 2013 to 1.74 million metric tons in 2023. Up until 2023, actual data indicates a healthy growth curve, with notable increases such as the 8.46% year-on-year rise in 2015 and a more consistent 1.83% rise in 2023. Over the last 5 years leading up to 2023, the average annual growth (CAGR) has stabilized at around 2.56%.
Forecasts from 2024 to 2028 suggest a continuation of this growth trend, albeit at a slightly slower pace. By 2028, production is expected to reach 1.89 million metric tons, implying an average annual increase (CAGR) of 1.33% over the forecasted period. This represents a total growth of 6.81% from 2023 to 2028.
Future trends to watch for include potential impacts of technological advancements in farming, shifts in consumer preferences towards alternative proteins, and global market dynamics affecting feed costs and import/export regulations. Environmental policies and farm sustainability initiatives could also play a critical role in shaping the industry’s trajectory.
