SEOUL, Jan. 6 (Korea Bizwire) — As the so-called Korean Wave, coupled with an interest in health, continues to grow in the U.S., Korean home meal replacement (HMR) products and sauces are gaining popularity. The state-run Korea Agro-Fisheries & Food Trade Corp. (aT) said that South Korea’s food exports to the U.S. last year were [...]
SEOUL, March 11 (Korea Bizwire) — South Korea’s home-meal replacement product market was estimated at 4.2 trillion won (US$3.68 billion) in 2019, data showed Thursday, with the sector expected to continue to grow down the road on the growing number of single-member households. The annual average growth of the segment was 16 percent since 2010, [...]
SEOUL, Sept. 9 (Korea Bizwire) — A recent study has shown that purchases of ingredients needed for cooking are dropping as more people are buying home meal replacement (HMR) products. In addition, fewer South Korean households are making their own kimchi, which explains the increasing consumption of packed kimchi and dwindling sales of pepper paste [...]
SEOUL, Aug. 25 (Korea Bizwire) — The South Korean market for ready-to-eat products increased 14 percent in 2018 on the back of rising demand from single-member households, seniors and others who seek convenience, data showed Sunday. The sales of home meal replacements (HMRs) reached 3 trillion won (US$2.47 billion) in 2018, rising from 2.6 trillion [...]
SEOUL, Aug. 23 (Korea Bizwire) — In his bustling city life, Jo Nam-kyu finds that preparing home-cooked meals can be a real struggle, leaving his kitchen nearly idle during weekdays. He and his wife have been working to find alternatives, and nowadays, they visit a discount store every two weeks to shop for ready-made meals, [...]
SEOUL, Aug. 20 (Korea Bizwire) — The South Korean food industry is entering the global home meal replacement (HMR) market, based on the confidence supported by its growing presence in the South Korean market as well as its diversifying products. Rising competition in the domestic market as well as shrinking food consumption are also factors [...]
SEOUL, Mar. 22 (Korea Bizwire) — Purchases of instant meals by busy middle-aged South Koreans soared nearly 1.6 times this year thanks to their convenience, industry data showed Friday. According to major online shopping mall Gmarket, sales of instant rice, soup and other meals to customers in their 40s and 50s jumped 152 percent on-year [...]
SEOUL, Feb. 25 (Korea Bizwire) — Food companies are coming up with variety of recipes, including salmon and tuna, for home meal replacement (HMR) products. In 2017, South Koreans consumed 58.4 kilograms of fishery products per person, surpassing Japan to become the largest consumers in the world. According to the Norwegian Seafood Council, the favorite [...]
SEOUL, March 12 (Korea Bizwire) — Sales of fresh food products in small quantities and home meal replacements have grown substantially with single- and dual-person households emerging as primary consumers. In the past two weeks, sales of GS Supermarket’s “single-serving vegetable” packets were 68.7 percent higher than in the two weeks directly following the date [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean food processing firms are striving to develop microwavable packing containers for frozen and instant foods amid the growing popularity of home meal replacement (HMR) products, industry sources said Thursday. The size of the local packaging industry stood at 44.2 trillion won (US$41.4 billion) in 2015 while the [...]