South Korea provides an abundance of opportunities for Australian organic exporters:
- South Korea’s organic packaged food market was estimated to be worth over USD $314.2 million in 2020 (Euromonitor)
- Organic packaged food is expected to see a CAGR of 4% in current value terms over the forecast period to reach just over USD $374 billion in 2025 (Euromonitor)
- Organic products targeting towards children such as baby food and flavoured milk drinks make up most of organic packaged food sales (Euromonitor)
Resources
See below resources available for organic exporters looking to enter the South Korean market.
AKBC Korea Food and Beverage Export Market Report Preview
Australian food and beverage exports to Korea are growing rapidly – benefiting from formal and informal support of national trade bodies and politicians from both countries, according to Australian exporters and Korean importers in a new report by Australia- Korea Business Council.
Wine exports to Korea rose to $45.5m over 12 months to September 2021, up 81.5% from the previous year.
There is a big appetite for Australian food and beverage in The Republic of Korea (Korea) – wine, fruits, various meats and premium food products are poised to record remarkable export rises over the next few years.
This demand is also within the organic Sector. At this point in time, Australian Organic Producers have to recertify to the Korean Organic MAFRA standard to access this. However, with domestic regulation, watch this space!
Export Masterclass: South Korea
Register at the link below to download resources from the South Korea Export Masterclass, held in September 2021. Registration is free and provides instant access to the downloadable content via email.
Key topics include:
- Key cultural theories and frameworks
- Insights into the market mindset
- Consumer trends
- Retail trends
- Foodservice trends
- E-commerce trends
- Category-specific insights
- Competitor reviews
- Organic certification for export
The resource downloads include a copy of the webinar presentation and a workshop handbook to complement your learnings. A link to re-watch the South Korea Export Masterclass webinar is also included.
