In 2019, the market for plant-based meat alternatives of the meat ball type was valued at around 42.6 million U.S. dollars, and was forecast to grow to roughly 65.6 million dollars. While meat ball alternatives were the type in terms of largest market size, nugget-type meat substitutes were estimated to experience the largest Compound Annual Growth Rate (CAGR) between 2017 and 2026 of 16.6 percent.
Size of the meat alternative market in South Korea from 2016 to 2019, with forecasts until 2026
(in million U.S. dollars)
Characteristic
Meat balls
Burger Patties
Nuggets
Sausages
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KREI. (July 3, 2020). Size of the meat alternative market in South Korea from 2016 to 2019, with forecasts until 2026 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1361168/south-korea-meat-alternative-market-size-by-type/
KREI. "Size of the meat alternative market in South Korea from 2016 to 2019, with forecasts until 2026 (in million U.S. dollars)." Chart. July 3, 2020. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1361168/south-korea-meat-alternative-market-size-by-type/
KREI. (2020). Size of the meat alternative market in South Korea from 2016 to 2019, with forecasts until 2026 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1361168/south-korea-meat-alternative-market-size-by-type/
KREI. "Size of The Meat Alternative Market in South Korea from 2016 to 2019, with Forecasts until 2026 (in Million U.S. Dollars)." Statista, Statista Inc., 3 Jul 2020, https://www.statista.com/statistics/1361168/south-korea-meat-alternative-market-size-by-type/
KREI, Size of the meat alternative market in South Korea from 2016 to 2019, with forecasts until 2026 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1361168/south-korea-meat-alternative-market-size-by-type/ (last visited August 25, 2024)
Size of the meat alternative market in South Korea from 2016 to 2019, with forecasts until 2026 (in million U.S. dollars) [Graph], KREI, July 3, 2020. [Online]. Available: https://www.statista.com/statistics/1361168/south-korea-meat-alternative-market-size-by-type/