South Korea Table Grape Market Size, Share, Opportunities, And Trends By Variety (Seeded, Seedless), And By Distribution Channel (Offline, Online) - Forecasts From 2023 To 2028

Grapes grown for fresh consumption are known as table grapes, as opposed to grapes grown for winemaking, juice production, or drying into raisins. Despite all indications that quality and flavor would exceed expectations, South Korea has grown due to smaller-than-expected grape sizes. Vitis amurensis and Vitis coignetiae, two wild grape species discovered in South Korea, are not significant commercially. One of the most popular grapes varieties in South Korea is Shine Muscat grapes, they are a type of seedless green grape with a high sugar content and are more expensive than regular grapes. As the demand for this grape variety rises, so does its cultivation. According to the agriculture ministry of South Korea, the country's Shine Muscat grape cultivation area totaled 3,579 hectares this year, nearly doubling from 1,867 hectares in 2019. Due to the huge population which will lead to high consumption and production rates in South Korea, the market for table grapes in this region is anticipated to boost during the forecasted period.

The increasing grapes production drives the table grapes market in the country.

South Korea is one of the countries with consistent grape output, which is expected to increase in the next years. According to USDA data, the total production volume of table grapes in South Korea was around 165.91K MTs in 2020, which was ranked 40th in the % share of global production.

According to the same source, for fresh table grapes production in South Korea, over 1,3000 hectares of the area are planted and used to grow table grapes. This indicates that table grape production has the potential to rise in the South Korean region and is expected to expand significantly, as the region's preference for table grapes grows, which is likely to boost the South Korean table grape market.

The huge population and imports in the South Korean region will drive the table grapes market growth

South Korea ranks in the list of big regions in the terms of population is huge which leads to a high consumption rate and imports of table grapes from other regions in the world. According to World Bank data, in 2023, South Korea will have 51,784,059 people which shows the consumption rates will also increase and boost the market for table grapes as well in the South Korean region. The increasing imports of table grapes in the South Korean region will also boost the market growth. According to the USDA data, in 2020, South Korea imported $163M in Table Grapes, fresh, becoming the 16th highest importer of Grapes, fresh in the globe. Fresh table grapes were South Korea's 401st most imported good that year. They are mostly imported by South Korea from Chile, the US, Australia, Peru, and South Korea. As per the same source, South Korea’s highest import share comes from Chile and the total imports from Chile in MY 2020/21 were 23,222 MT which was valued at around a huge 53,868,037 USD. Revenue growth has improved as a result of higher consumption rates due to the high population and imports of table grapes in South Korea, which tends to stimulate market expansion for table grapes in the South Korean region market.

South Korea Table Grape Market Scope:

Segmentation

• By Variety
  • Seeded
  • Seedless
• By Distribution Channel
  • Offline
  • Online

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

5. SOUTH KOREAN TABLE GRAPES  MARKET ANALYSIS, BY VARIETY

5.1. Introduction

5.2. Seeded

5.3. Seedless

6. SOUTH KOREA TABLE GRAPES MARKET ANALYSIS, BY DISTRIBUTION CHANNEL

6.1. Introduction

6.2. Offline

6.3. Online

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Emerging Players and Market Lucrativeness

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Vendor Competitiveness Matrix

8. COMPANY PROFILES

8.1. SNFL Group (AM Fresh Group)

8.2. Sun World International LLC (Sun World)

8.3. International Fruits Genetics

SNFL Group (AM Fresh Group)

Sun World International LLC (Sun World)

International Fruits Genetics