In 2022, the processed food market size in South Korea amounted to around 116.87 trillion South Korean won, increased from about 102.52 trillion in the previous year. The market size of processed food increased in recent years.
Size of the processed food market in South Korea from 2012 to 2022
(in trillion South Korean won)
In order to calculate the size of the processed food market, the following formula was applied:
Market size = (Production value) - (Export value) + (Import value)
Processed food industry in this statistic may include processed food, health functional food, food additives and food packing business.
Note: 1,000 South Korean won equals 0.76 U.S. dollars or 0.70 euros as of January 2024.
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MFDS (South Korea). (December 28, 2023). Size of the processed food market in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/780672/south-korea-processed-food-market-size/
MFDS (South Korea). "Size of the processed food market in South Korea from 2012 to 2022 (in trillion South Korean won)." Chart. December 28, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/780672/south-korea-processed-food-market-size/
MFDS (South Korea). (2023). Size of the processed food market in South Korea from 2012 to 2022 (in trillion South Korean won). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/780672/south-korea-processed-food-market-size/
MFDS (South Korea). "Size of The Processed Food Market in South Korea from 2012 to 2022 (in Trillion South Korean Won)." Statista, Statista Inc., 28 Dec 2023, https://www.statista.com/statistics/780672/south-korea-processed-food-market-size/
MFDS (South Korea), Size of the processed food market in South Korea from 2012 to 2022 (in trillion South Korean won) Statista, https://www.statista.com/statistics/780672/south-korea-processed-food-market-size/ (last visited December 30, 2024)
Size of the processed food market in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph], MFDS (South Korea), December 28, 2023. [Online]. Available: https://www.statista.com/statistics/780672/south-korea-processed-food-market-size/
