SEOUL, Sept. 7 (Korea Bizwire) — Women tend to buy home meal replacement (HMR) products mainly at offline stores and supermarkets, while men typically purchase them at unmanned stores, data showed Tuesday. Lotte Members, the membership service for Lotte Group companies, analyzed data on HMR product transactions at offline stores and supermarkets for the period [...]
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, Feb. 11 (Korea Bizwire) — The South Korean market for instant meals has expanded beyond single-person households to the middle-aged population, the country’s leading processed foods maker, CJ Cheiljedang Corp., said Monday. The ready-to-eat items, often referred to as home meal replacement (HMR) products here, have become increasingly popular, mainly on the back of [...]
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 [...]