South Korea Seafood Industry: Market Size, Growth, and Outlook 2025-2033
South Korea Seafood Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 4.09% (2025-2033)
The South Korea seafood market size is projected to exhibit a growth rate (CAGR) of 4.09% during 2025-2033. The market is thriving, driven by robust domestic consumption, sustainability-focused regulations, growing imports to meet diverse demand, and rapid e-commerce adoption enhancing accessibility and convenience.
South Korea Seafood Market Trends:
The South Korean seafood market is witnessing dynamic trends driven by shifting consumer needs and trends in the food industry. One of the trends is a rise in demand for sustainable seafood, as consumers become more environmentally aware and seek products that are environmentally friendly. Along with this, the emergence of convenience-oriented products such as pre-packaged and ready-to-eat seafood is also on the rise, as consumers seek convenient options with hectic lifestyles.
In addition, the increase in use of seafood buying through online channels is transforming the retail industry, becoming more convenient and diverse for consumers. Furthermore, the use of cutting-edge technologies in aquaculture such as IoT and AI is enhancing production efficiency while ensuring higher quality and safety standards. In essence, these trends show the market's transformation towards sustainability, convenience, and technology in response to changing needs of modern consumers.
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South Korea Seafood Market Scope and Growth Analysis:
The market size and growth potential of the South Korea seafood market are enormous, driven by its cultural significance and diverse applications in the food industry. The market is led primarily by the nation's rich culinary culture, where seafood serves as a main component in sushi, sashimi, and stew dishes. In addition, the increasing emphasis on health and wellness is creating demand for healthy seafood, such as salmon, tuna, and shellfish, which are high in protein and omega-3. Moreover, expansion of export markets and rising popularity of Korean cuisine globally are creating high market growth opportunities.
Furthermore, government initiatives to modernize fisheries and promote sustainable operations are enhancing the competitiveness and long-term viability of the sector. In essence, the South Korea seafood market is poised for long-term growth, supported by cultural heritage, health trends, and global demand. As the market continues to evolve, it should be a driving force in shaping the food industry of the future both locally and across the globe.
Competitor Landscape:
- Billion Food Co. Ltd.
- E & K Co. Ltd.
- Woowon Holdings Co. Ltd.
- Yurim Fishery and Distribution Co. Ltd.
South Korea Seafood Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Fish
- Shrimps
- Others
Form Insights:
- Fresh/Chilled
- Frozen/Canned
- Processed
Distribution Channel Insights:
- Off Trade
- On Trade
Regional Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Other key areas covered in the report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
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