The growing interest in insect-based food comes after the Singapore Food Agency (SFA) approved 16 species of edible insects for sale and consumption in July Singapore-based Insect Food, under its brand Insectyumz, has introduced Tom Yum-flavored crickets, expanding its lineup of insect-based food products. In addition to crickets, Insect Food[Read More…]
Tag: South Korea
South Korea’s fruits and vegetables dominate inflation list in 2024
This surge was due to low stock levels from 2023 Last year, South Korea experienced significant price increases in food items, particularly in fruits and vegetables, according to data from Statistics Korea. Among 458 items in the consumer price index, Asian pears recorded the largest price hike, soaring by 71.9[Read More…]
Korean seaweed leads global market with record growth
The export value of Korean gim surged by 25.8 per cent year-on-year, reaching a record high of $997 million in 2024 South Korea’s dried seaweed exports have experienced remarkable growth, driven by the popularity of Korean kimchi and ramyeon noodles. Dried seaweed, or ‘gim’ in Korean, has become a significant[Read More…]
South Korea’s meat market to surpass $7.66 Bn by 2030
Health and wellness trends are also shaping the South Korean meat market The “South Korea Meat Market, By Region, Competition, Forecast & Opportunities, 2020-2030F” report has been added to ResearchAndMarkets.com’s offering. The South Korean meat Market has experienced significant growth over recent years. Factors contributing to this robust growth include rising disposable incomes of[Read More…]
South Korea’s rice consumption hits record low in 2024
The food and beverage industry consumed 873,363 metric tons of rice in 2024, marking a 6.9 per cent increase from the previous year South Korea’s per capita rice consumption hit a record low in 2024, continuing a decades-long decline, according to government data. Statistics Korea reported that the average South[Read More…]
South Korea aims for $14Bn in K-Food Plus exports by 2025
The Ministry introduced the K-Food Plus Export Innovation Strategy to position K-Food Plus as a global strategic export industry The popularity of K-dramas is contributing to a growing interest in Korean cuisine worldwide. In response to the surge in K-food exports, South Korea’s Ministry of Agriculture, Food, and Rural Affairs[Read More…]
From tradition to transformation South Korea bans dog meat by 2027
To aid the transition, the government has set aside 100 billion won ($75 million) in incentives for farmers, breeders, and restaurants South Korea marked a historic milestone by deciding to phase out its dog meat industry, reflecting a major cultural and legislative transformation. The government, in 2024, passed a law[Read More…]
Azelis announces partnership with AAK in South Korea
Following a successful commercial relationship between Azelis and AAK for Food & Nutrition in the Americas region Azelis, a leading innovation service provider in the speciality chemicals and food ingredients industry, is pleased to announce a new distribution agreement with AAK, a leading supplier of sustainably sourced, technologically advanced plant-based[Read More…]
SGS sign HEYTEA agreement to set benchmarks in nutritional labelling
SGS will provide HEYTEA are third-party testing of products and raw ingredients, store hygiene audits and nutritional assessments SGS announced the signing of a groundbreaking agreement with HEYTEA to support the development of a ‘New-style Tea Health Labeling System’ that ensures safety, quality and transparency in tea beverages. Signed at[Read More…]
Reborn Coffee acquires 58% stake in South Korea’s Bbang Ssaem Bakery
The franchise model will allow Reborn Coffee to expand more rapidly across South Korea Reborn Coffee, a premier speciality coffee retailer announced the successful acquisition of a 58 per cent stake in Bbang Ssaem Bakery, a leading bakery chain with 31 locations across South Korea. This acquisition follows the previously[Read More…]
