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Erudite Risk | IRC Ltd.

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Domestic Market

TITLE: Home Meal Replacement Market in Korea


Korea has become an affluent country with per-capita GDP of US$ 30,000. A country where the population was on the brink of starvation half a century ago, Korea now ranks among the top countries for wasting food.

Life styles have also changed with both husband and wife working out of the home. Coupling high disposable income with the pressures of working life, and a high level of exposure to global cuisine have combined to migrate the national diet towards convenient solutions.

The Home Meal Replacement (HMR) market has more than doubled between 2010 and 2016 for all categories regardless of what source is consulted.

TAGS: Domestic Market