The processed meat market in Korea grew 2.8% to KRW940 ($881m) the last four years, with hot dog popularity on the rise, while ham consumption has declined, according to a market survey by CJ Cheil Jedang. The Korean food company attributes the switch to adults consuming processed meats, as compared to a side dish for children. The trend may also be explained by the growing number of one- or two-person households in the country as fertility rates decrease, as well as the popularity of camping and drinking at home, said analysts.
The processed meat market in Korea grew 2.8% to KRW940 ($881m) last year, with hot dog popularity on the rise, while ham consumption has declined, according to a market survey by CJ Cheil Jedang. The Korean food company attributes the switch to adults consuming processed meats, as compared to a side dish for children. The trend may also be explained by the growing number of one- or two-person households in the country as fertility rates decrease, as well as the popularity of camping and drinking at home, said analysts.