The projected import volume of infant food in South Korea from 2024 to 2028 remains stable from 2024 to 2027 at 5.0 thousand metric tons, then rises to 6.0 thousand metric tons in 2028. Compared to the previous year, the volume in 2024 is consistent with 2023 levels, showing no growth. This stability continues until 2027. A year-on-year growth of 20% is noticeable in 2028, marking a significant increase after several years of stagnation. Over the five-year period, the Compound Annual Growth Rate (CAGR) is approximately 3.7%, illustrating moderate growth in the infant food import sector.
Future trends to monitor include:
• Changes in birth rates, which directly influence demand for infant food.
• Shifts in consumer preferences towards imported infant food products.
• Economic factors such as disposable income and tariffs affecting import volumes.
• The potential impact of health and safety regulations on import dynamics.
