SEOUL, Jun. 8 (Korea Bizwire) — The market for home meal replacements (HMR) is growing rapidly due to rising living expenses and continued economic stagnation. The popularity of replacement meals is being fueled by consumers who are looking for “value for money” meals that do not compromise on taste. According to Link Aztec, a market [...]
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, Dec. 6 (Korea Bizwire) – Quick and easy to prepare microwavable meals, also called home meal replacements, are particularly popular among those in their 20s and 30s, research has found. Instant rice like food company CJ’s Hetbahn and frozen dumplings were the two meal replacements most searched for on the Naver search engine’s shopping [...]
SEOUL, Oct. 18 (Korea Bizwire) – CJ Cheil Jedang, the food giant and operator of the Bibigo food brand, revealed that China’s leading state-run TV network CCTV (China Central Television) reported October 5 on the popularity of home meal replacements in South Korea. “Previously, home meal replacements amounted to little more than cup noodles, but [...]
SEOUL, July 20 (Korea Bizwire) – With the increase of so-called “home alone” people or single-person households, a wave of change is coming to Koreans’ consumption patterns, and it is affecting the stock prices of related industries. Restaurants or karaoke rooms for one visitor are already thriving in Korea, and various ‘home alone’ products such [...]