South Korea: Food Processing Ingredients

  |   Attaché Report (GAIN)   |   KS2022-0007

Korea has a strong food processing industry that manufactures a wide variety of food and beverage products. It also relies heavily on imports to fulfill its food and agricultural needs. As a result, the Korean food processing industry offers an outstanding opportunity for imported agricultural products for processing use, including basic commodities such as wheat and soybean, intermediate ingredients such as vegetable oils and fruit juice concentrates, and food additives such as flavors and coloring agents. The food processing industry generated 77.4 trillion Korean Won ($65.6 billion) in sales in 2020, up two percent from 2019.

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